Category: Stock News

Jobless Claims Unexpectedly Decrease Through May 18 as Employment Trends Remain Strong

The number of Americans filing initial claims for unemployment insurance last week unexpectedly slowed, staying low and showing that the labor market in the world’s biggest economy remains robust, according to analysts. Claims decreased by 1,000 in the week ended May 18 to 211,000, the lowest level in five weeks and against the consensus on…

American Depositary receipts of Asian stocks were trading 2.79% lower at 1,370.91 on the BNY Mellon Asia 50 ADR Index on Thursday. In North Asia, the gainers were led by online game developer Gravity (GRVY) and financial services provider Fanhua (FANH), which rose 5.7% and 1% respectively. They were followed by educational services provider RISE…