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14 May
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One in Three U.S. Workers Changed or Lost Jobs in Past Year By Bloomberg

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(Bloomberg) -- More than a third of U.S. workers changed employers or lost their jobs since the start of the pandemic, double the typical level in the previous two decades, according to a study. Among workers who had a job in February 2020, almost 37% were no longer with their employer a year later, according to a paper by Alexander Bick of Arizona State University and Adam Blandin of Virginia Commonwealth University. Almost 26% had a different employer, and the remaining 11% were out of a job. The historically high level of churn, or rate of...

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14 May
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UK will not enlarge travel green list rapidly, PM Johnson says By Reuters

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LONDON (Reuters) - Britain will not increase the small number of countries that people can visit without quarantining on their return very rapidly because of the risk of new variants, Prime Minister Boris Johnson said on Friday. "I don't expect that we'll be adding to it very rapidly and indeed we will be maintaining a very, very tough border regime for the foreseeable future," Johnson told a news briefing. ...

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14 May
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Marathon Jumps On Plan to Buy $10 Billion of Its Shares By Investing.com

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By Dhirendra Tripathi Investing.com – Marathon Petroleum (NYSE:MPC) shares rose more than 4% Friday following the company’s decision to use cash from the sale of its Speedway fuel retail chain to repurchase $10 billion of its stock. The oil refiner today said it has completed the $21 billion sale of Speedway to 7-Eleven, a wholly owned, indirect subsidiary of Seven & i Holdings. After tax, the company stands to net $16.5 billion from the sale. Marathon has $2.9 billion remaining in a previously authorized repurchase plan. Its board has declared an additional $7.1 billion buyback program,...

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14 May
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S&P 500 Racks Up Gains as Tech Turnaround Continues After Recent Rout By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 rose Friday, as tech continued its recovery following a recent rout, while cyclicals shrugged off a softer retail sales report amid optimism the consumer remains in good shape. The S&P 500 rose 1.47%, the Dow Jones Industrial Average added 360 points, and Nasdaq Composite gained 2.1%  Retail sales were flat in April, after an upwardly revised 10.7% jump in the prior month as spending fueled by stimulus checks dried up. But with consumers hoarding record amounts of cash, further progress on the reopening of the economy will see spending...

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14 May
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FTSE 100 regains 7,000, USD softens after data, Dogecoin rallies By Investing.com

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Key Points FTSE 100 closing price of 7,045.1, +1.17% Indian variant Covid cases rise, reopening on track USD falls after soft retail sales, industrial production Crude oil bounces from Thursday’s sell off Dogecoin rallies following Coinbase admission, Musk tweet By Samuel Indyk Investing.com – The FTSE 100 reclaimed the 7,000 handle on Friday as global stocks looked set to end the week on a high note. In the UK specifically, an increase in the number of cases of the Indian variant of Covid-19 have continued to spook some but the government has tried to...

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14 May
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India Covid-19 Variant Threatens U.K. Unlocking, Officials Fear By Bloomberg

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(Bloomberg) -- Rising cases of the India variant of coronavirus could force the U.K. government to delay plans to end the pandemic lockdown, officials fear. The number of confirmed infections of the strain more than doubled in the past week to 1,313 from 520, according to Public Health England. While there’s no evidence the India variant can evade vaccines, there are signs that it spreads more easily than the Kent mutation which ran rampant in the U.K. at the start of the year, prompting a third national lockdown. The government expects to press ahead with...

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14 May
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GoodRx Rises Despite Weak Earnings, Forecast By Investing.com

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By Christiana Sciaudone Investing.com -- Goodrx Holdings Inc (NASDAQ:GDRX) rose 6% despite reporting earnings and guidance that missed the mark, if by a small margin. Earnings per share of 7 cents missed expectations by a hair while sales of $160.4 million fell just short of the $160.5 million analysts had forecast, according to data compiled by Investing.com. Revenue for the year was estimated at $740 million to $760 million, below the consensus of $784.4 million, according to StreetInsider. On the slightly more positive side, sales for the second quarter are expected at $172 million to $176 million...

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14 May
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.19% By Investing.com

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Investing.com – U.K. equities were higher at the close on Friday, as gains in the Electrical, Aerospace & Defense and Financial Services sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 1.19%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Carnival PLC (LON:CCL), which rose 5.59% or 84.4 points to trade at 1594.8 at the close. Tui AG (LON:TUIT) added 4.42% or 17.90 points to end at 422.70 and Burberry Group PLC (LON:BRBY) was up 4.42% or 89.0 points to 2105.0 in late...

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14 May
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Banks, energy stocks lift FTSE 100, still posts worst weekly losses since Feb By Reuters

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By Shivani Kumaresan and Devik Jain (Reuters) -London's FTSE 100 rose on Friday, supported by banks and energy stocks but clocked its worst weekly performance since February on inflation worries, while Sanne Group topped the mid-cap index after rejecting a $1.90 billion buyout proposal. The blue-chip index rose 1.2%, with Banks and oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) being the biggest boosts to the index. The index is down 1.2% for the week, its biggest weekly fall since February.[nL8N2N11OT] Prime Minister Boris Johnson has set out what he describes as a...

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14 May
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Mississippi River Reopens, Freeing Over 1,000 Stuck Barges By Bloomberg

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(Bloomberg) -- The U.S. Coast Guard has reopened the Mississippi River to maritime traffic, ending a shutdown that stranded more than 1,000 barges on the key conduit for agriculture exports. The river reopened as of 9 a.m. Central Time on Friday, according to the Coast Guard, providing relief to the queue of 62 vessels and 1,058 barges stranded on the north and south sides of the Interstate 40 Hernando DeSoto Bridge near Memphis, Tennessee. The waterway had been closed since Tuesday after a crack was found in the truss of the bridge. “Based on information provided...

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