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Nearly half the U.S. population is without a job, showing how far the labor recovery has to go

Nearly half the U.S. population is without a job, showing how far the labor recovery has to go

Keep Me Logged InKey PointsCan the US labor market bounce back from Covid-19?Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of . The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in January, farther away from a...

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Yun Li
Jun 29
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David Tepper says this is the second-most overvalued stock market he's ever seen, behind only '99

David Tepper says this is the second-most overvalued stock market he's ever seen, behind only '99

Keep Me Logged InKey PointsDavid Tepper: This is second-most overvalued market, behind only '99Billionaire hedge fund investor  told CNBC on Wednesday the stock market is one of the most overpriced he's ever seen, only behind 1999. His comments sent stocks to a session low.He also said some Big Tech stocks like Amazon, Facebook and Alphabet may be "fully valued."Before Wednesday's sell-off, it was "maybe the second-most overvalued stock market I've ever seen," Tepper said on CNBC's "." "I would say '99 was more overvalued.""The market is pretty high and the Fed has put a lot of money in...

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Yun Li
May 13
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Trump warns that 'rich guys' could be talking down stock market to profit

Trump warns that 'rich guys' could be talking down stock market to profit

Keep Me Logged InKey PointsPresident Donald Trump pointed the finger at wealthy investors for supposedly manipulating the stock market by making strong statements. In a tweet Wednesday, Trump said to be wary of wealthy investors using their platform to comment negatively about stocks, when they tend to profit from betting against the market."When the so-called 'rich guys' speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down," Trump tweeted. "Then they go positive, get big publicity, and make it going up....

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Yun Li
May 13
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Tudor Jones says this will be the 'Second Depression' if we remain in lockdown in a year

Tudor Jones says this will be the 'Second Depression' if we remain in lockdown in a year

Keep Me Logged InKey PointsTudor Jones: This will be the 'Second Depression' if lockdown continues for a yearBillionaire hedge fund investor  said Monday the economy would be in a "Second Depression" if the coronavirus pandemic doesn't get contained in a year."Just depends on whether unfortunately this goes to a year with this kind of a lockdown," Jones said on CNBC's on Monday. The Great Depression from 1929 to 1939 was the worst economic downturn in the U.S. history.The coronavirus has infected more than 1.3 million people in the U.S. as of Monday, including at least 79,528 deaths,...

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Yun Li
May 11
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JPMorgan's market guru, who called the turn, sees a 'full asset price recovery' by first half 2021

JPMorgan's market guru, who called the turn, sees a 'full asset price recovery' by first half 2021

Keep Me Logged In(This story is for only.)Stocks can reclaim their record highs by early next year thanks to the Federal Reserve's unprecedented commitment to help the economy recover from the coronavirus crisis, according to a top JPMorgan strategist whose calls are widely followed.Related TagsGot a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. © 2020 CNBC LLC. All Rights Reserved. Data is a real-time snapshot *Data is delayed at least 15...

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Yun Li
Apr 13
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Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

What a tough month it has been for bitcoin. The world’s most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk. It lost $3,000 in value in just a month as China accelerated a crackdown on businesses involved in cryptocurrency operations, a reversal from President Xi Jinping’s previous signal to be more open to the blockchain technology. The coin last traded at $7,150.79. Bitcoin jumped to above $10,000 briefly last month after Xi sang the praises of blockchain in a speech and called on his country to advance development in...

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Yun Li
Nov 25
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