Before the market opens, let’s take a look at the companies that are making headlines today. Tesla and General Motors’ stocks are both on the rise in premarket trading, with gains of 5.7% and 5%, respectively. The reason for this increase is that General Motors announced its plan to use Tesla’s electric vehicle charging network …
In Alexandria, Virginia, a waiter bustles around a restaurant as the U.S. payrolls report for May outperforms expectations. The strong jobs gains in professional and business services, along with an increase in government employment, largely contributed to this success. According to the Bureau of Labor Statistics, job creation in May was led by 64,000 new …
As the US government approaches the brink of default with no agreement yet reached to lift its borrowing limit, an unusual voice of reassurance has emerged. Mitch McConnell, the longstanding Republican senate leader from Kentucky, recently told reporters that people need to remain calm as “the country will not default”. This statement is surprising given …