Stocks cautious, oil choppy; jobless claims hit lowest level since 1968: LIVE UPDATES
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Linda Sarsour (Photo by Rita Quinn/Getty Images for SXSW / Getty Images)
Property and casualty insurer GEICO landed in hot water with several Jewish advocacy groups this week after inviting pro-Palestinian activist and accused antisemite Linda Sarsour to headline a company event.
Following backlash, the company owned by Warren Buffett's Berkshire Hathaway apologized and said it had scrapped the event.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| BRK.A | $519,760.00 | +2,758.00 | +0.53% |
U.S. Stocks
Judge Ketanji Brown Jackson
Per Fox News' Chad Pergram, the vote was 53-47 with all Democrats voting yes, along with three Republicans: Sens. Lisa Murkowski (R-AK), Susan Collins (R-ME) and Mitt Romney (R-UT).
Fox News congressional correspondent Chad Pergram reports from Capitol Hill on the Ketanji Brown Jackson Supreme Court confirmation vote.
An excerpt from a White House statement reads:
"Today after around the clock diplomacy by the United States and our allies and partners, the International Energy Agency announced a historic collective release with member countries outside of the United States releasing an additional 60 million barrels. Together with the United States’ commitment, this will add a combined global amount of 240 million barrels."
Aaron Rodgers speaks during the Bitcoin 2022 Conference at the Miami Beach Convention Center on April 7, 2022 in Miami, Florida (Photo by Marco Bello/Getty Images)
NFL stars Aaron Rodgers and Odell Beckham Jr., along with tennis legend Serena Williams, on Thursday discussed the future of cryptocurrency investments at the Bitcoin 2022 conference.
Rodgers discussed Bitcoin as a "defense" against the Fed and recent record-high inflation.
"The Fed keeps printing trillions of dollars, and the best defense against inflation, I believe, is Bitcoin," Rodgers said during a Thursday morning panel discussing Cash App, a mobile payment app that allows users to buy and sell Bitcoin. "I got involved in the rabbit hole years ago and once you get to the other side, there’s no turning back."
James Bullard, president and chief executive officer at the Federal Reserve Bank of St. Louis, speaks during the National Association of Business Economics' (NABE) Economic Policy Conference in Washington, D.C., U.S. on Monday, Feb. 26, 2018. (Photographer: Joshua Roberts/Bloomberg via Getty Images)
St. Louis Federal Reserve President James Bullard said Thursday the U.S. central bank remains well behind in its fight to cool the hottest inflation in four decades.
Bullard was the lone dissenter in March, when the Fed voted to hike the benchmark federal funds rate by 25-basis points for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place to prop up the economy throughout the COVID-19 pandemic. He believed the central bank needed to more aggressively raise rates by a half percentage point and begin unwinding its nearly $9 trillion balance sheet.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| I:DJI | $34,315.98 | -180.53 | -0.52% |
| SP500 | $4,466.65 | -14.50 | -0.32% |
| I:COMP | $13,814.51 | -74.31 | -0.54% |
U.S. stocks are trading lower on Thursday after details from last month’s Federal Reserve meeting showed that the central bank plans to be aggressive in fighting inflation.
People seeking employment attend the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds.
The number of Americans filing for unemployment benefits dropped to the lowest level since 1968 last week.
Data from the Labor Department released Thursday showed 166,000 people filed claims in the week ended April 2, well below the 200,000 forecast by Refinitiv analysts.
NYSE floor traders (REUTERS/Brendan McDermid)
U.S. equity futures traded cautiously on Thursday morning after details from last month’s Federal Reserve meeting showed that the central bank plans to be aggressive in fighting inflation. Continue reading
Berkshire Hathaway CEO Warren Buffett (FBN)
Warren Buffett's Berkshire Hathaway revealed on Wednesday that it has purchased nearly 121 million shares of HP Inc. Continue reading
Oil rig near Midland, Texas. (REUTERS/Ernest Scheyder)
Oil prices bounced between gains and losses overnight after falling more than 5% in the previous session. Continue reading
Gas Prices (AAA)
The average price for a gallon of gasoline in the U.S. slipped on Thursday to $4.153, according to the latest numbers from AAA. The price on Wednesday was $4.164. The previous record high was $4.33, set on Friday March 11, 2022.
Bitcoin was hovering around $43,000, after declining for three straight days. Bitcoin is down more than 5% year-to-date. Continue reading
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