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Major indices all close higher The major US indices are closed higher.  The gains were led by the NASDAQ index. The S&P and Dow industrial average both closed at record levels. The final closing levels are showing: S&P index up 30.81 points or +0.73% at 4232.42 . The high for the day reached 4238.04. The low was that 4201. 64 NASDAQ index closed
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After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history.  In a Tweet today, EasyFi announced their “Interim Compensation Plan,” a multi-stage process that includes immediate payments, IOU tokens, and incentive programs aimed
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The latest data suggests that China’s economy continues to improve in the second quarter. The Markit/Caixin services PMI increased to 56.3 in April, highest since December 2020. The reading also beat consensus of 54.2 and March’s 54.3. Separately, China’s trade surplus tripled in April, compared with a month ago. Markit/Caixin services PMI Besides the strong
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Labor Secretary Martin Walsh said Friday that the Covid-19 pandemic is still weighing on jobs but projected optimism about recovery of the U.S. economy as vaccinations continue, saying that “we are starting to see the confidence come back.” Walsh’s comments on CNBC’s “Squawk on the Street” came shortly after the Labor Department released a disappointing
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A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The largest business lobbying group in America on Friday blamed a $300-per-week federal jobless benefit for enticing Americans to stay at home and April’s far-weaker-than-expected jobs report. “The disappointing jobs report makes it clear that paying people
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