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Fed’s Bostic on why the South has the lowest unemployment rate in the country – MarketWatch

‘The virus came to us after it had been to California, the West Coast and New York,’ Bostic said. That bought the region more time to prepare for its arrival.

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The Southern region of the U.S. is currently experiencing the lowest unemployment rate in the country of 6.9%.Notably many Southern states including Georgia and Florida were among the first to reopen parts of their economies while business lockdowns were in place in many parts of the country to curb the spread of coronavirus. Thats not the reason why the unemployment rate in the region is so low compared to the Northeast where the rate is three percentage points higher as of August, said Atlanta…

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GM shares close at new year-to-date high following Hummer EV debut – CNBC

GM stock closed at $37.41, up 4.6% – pushing the shares for the year in the black (up 2.2%) for the first time since Jan. 2.

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Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles.
The stock settled at $37.41 a share, rising 4.6% for the day and pushing the price up 2.2% year to date. That was just enough to drive the shares into the black for the first time since Jan. 2. The stock has jumped by…

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Stock Market Rallies Amid Stimulus News; PayPal, Tesla Near New Buy Points – Investor’s Business Daily

The stock market reversed higher amid stimulus news Thursday. Chipotle Mexican Grill, PayPal and Tesla are approaching new buy points.

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Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.
*Real-time prices by Nasdaq Last Sale. Realtime quote and/or trade prices are…

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PayPal in Talks to Buy Crypto Firms Including BitGo – Bloomberg

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