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Redigu
2021-04-19
Nice share
Tesla China Demand Powers Ahead With Record Registrations
Redigu
2021-04-19
Nice share
抱歉，原内容已删除
Redigu
2021-04-15
Good
U.S. retail sales surge; weekly jobless claims fall
Redigu
2021-04-15
Good
U.S. retail sales surge; weekly jobless claims fall
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That's almost double the 18,155 registrations in February, when the week long Lunar New Year holiday slowed sales, and almost triple the number a year earlier, when the nation was the in the grip of coronavrius lockdowns.</p>\n<p><img src=\"https://static.tigerbbs.com/610e043cf9c5ec0831069e2ce77cb2cd\" tg-width=\"946\" tg-height=\"521\"></p>\n<p>Rising demand in China helped California-based Tesla deliver 184,800 cars worldwide in first quarter. The figure trounced the 169,850 average estimate in a Bloomberg survey of analysts and beat the fourth-quarter result by about 4,000 vehicles.</p>\n<p>Musk is pushing into China -- already the world’s largest automotive market, including for EVs -- to gain a foothold amid competition from local electric-vehicle startups as well as Volkswagen AG. Auto sales are forecast to rise in the nation this year for the first time since 2017, and in March, Premier Li Keqiang told the National People’s Congress the government will help boost the number of EV charging stations and battery-swapping facilities.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla China Demand Powers Ahead With Record Registrations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla China Demand Powers Ahead With Record Registrations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-19 14:52 GMT+8 <a href=http://bloomberg.com/news/articles/2021-04-19/tesla-china-demand-powers-ahead-with-record-registrations?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More than 35,000 cars registered in March, data show\nChina demand helped global deliveries beat expectations\n\nTesla's growth in China is powering on, with registrations of its electric cars rising to ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-04-19/tesla-china-demand-powers-ahead-with-record-registrations?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://bloomberg.com/news/articles/2021-04-19/tesla-china-demand-powers-ahead-with-record-registrations?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128759865","content_text":"More than 35,000 cars registered in March, data show\nChina demand helped global deliveries beat expectations\n\nTesla's growth in China is powering on, with registrations of its electric cars rising to a record last month.\nIn March, 34,635 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That's almost double the 18,155 registrations in February, when the week long Lunar New Year holiday slowed sales, and almost triple the number a year earlier, when the nation was the in the grip of coronavrius lockdowns.\n\nRising demand in China helped California-based Tesla deliver 184,800 cars worldwide in first quarter. The figure trounced the 169,850 average estimate in a Bloomberg survey of analysts and beat the fourth-quarter result by about 4,000 vehicles.\nMusk is pushing into China -- already the world’s largest automotive market, including for EVs -- to gain a foothold amid competition from local electric-vehicle startups as well as Volkswagen AG. Auto sales are forecast to rise in the nation this year for the first time since 2017, and in March, Premier Li Keqiang told the National People’s Congress the government will help boost the number of EV charging stations and battery-swapping facilities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373976049,"gmtCreate":1618817838381,"gmtModify":1631891768854,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Nice share","listText":"Nice share","text":"Nice share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373976049","repostId":"2128851998","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347690318,"gmtCreate":1618490828434,"gmtModify":1631891768859,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347690318","repostId":"2127007082","repostType":4,"repost":{"id":"2127007082","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618489860,"share":"https://www.laohu8.com/m/news/2127007082?lang=&edition=full","pubTime":"2021-04-15 20:31","market":"hk","language":"en","title":"U.S. retail sales surge; weekly jobless claims fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2127007082","media":"Reuters","summary":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received ","content":"<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. retail sales surge; weekly jobless claims fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. retail sales surge; weekly jobless claims fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-15 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127007082","content_text":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.The government reported this month that employers hired 916,000 workers in March, the most in seven months.Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347607883,"gmtCreate":1618490761842,"gmtModify":1631891768860,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347607883","repostId":"2127007082","repostType":4,"repost":{"id":"2127007082","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618489860,"share":"https://www.laohu8.com/m/news/2127007082?lang=&edition=full","pubTime":"2021-04-15 20:31","market":"hk","language":"en","title":"U.S. retail sales surge; weekly jobless claims fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2127007082","media":"Reuters","summary":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received ","content":"<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. retail sales surge; weekly jobless claims fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. retail sales surge; weekly jobless claims fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-15 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127007082","content_text":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.The government reported this month that employers hired 916,000 workers in March, the most in seven months.Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":373976398,"gmtCreate":1618817860614,"gmtModify":1631891768852,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Nice share","listText":"Nice share","text":"Nice share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/373976398","repostId":"2128759865","repostType":4,"repost":{"id":"2128759865","kind":"news","pubTimestamp":1618815162,"share":"https://www.laohu8.com/m/news/2128759865?lang=&edition=full","pubTime":"2021-04-19 14:52","market":"us","language":"en","title":"Tesla China Demand Powers Ahead With Record Registrations","url":"https://stock-news.laohu8.com/highlight/detail?id=2128759865","media":"Bloomberg","summary":"More than 35,000 cars registered in March, data show\nChina demand helped global deliveries beat expe","content":"<ul>\n <li>More than 35,000 cars registered in March, data show</li>\n <li>China demand helped global deliveries beat expectations</li>\n</ul>\n<p>Tesla's growth in China is powering on, with registrations of its electric cars rising to a record last month.</p>\n<p>In March, 34,635 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That's almost double the 18,155 registrations in February, when the week long Lunar New Year holiday slowed sales, and almost triple the number a year earlier, when the nation was the in the grip of coronavrius lockdowns.</p>\n<p><img src=\"https://static.tigerbbs.com/610e043cf9c5ec0831069e2ce77cb2cd\" tg-width=\"946\" tg-height=\"521\"></p>\n<p>Rising demand in China helped California-based Tesla deliver 184,800 cars worldwide in first quarter. The figure trounced the 169,850 average estimate in a Bloomberg survey of analysts and beat the fourth-quarter result by about 4,000 vehicles.</p>\n<p>Musk is pushing into China -- already the world’s largest automotive market, including for EVs -- to gain a foothold amid competition from local electric-vehicle startups as well as Volkswagen AG. Auto sales are forecast to rise in the nation this year for the first time since 2017, and in March, Premier Li Keqiang told the National People’s Congress the government will help boost the number of EV charging stations and battery-swapping facilities.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla China Demand Powers Ahead With Record Registrations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla China Demand Powers Ahead With Record Registrations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-19 14:52 GMT+8 <a href=http://bloomberg.com/news/articles/2021-04-19/tesla-china-demand-powers-ahead-with-record-registrations?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More than 35,000 cars registered in March, data show\nChina demand helped global deliveries beat expectations\n\nTesla's growth in China is powering on, with registrations of its electric cars rising to ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-04-19/tesla-china-demand-powers-ahead-with-record-registrations?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://bloomberg.com/news/articles/2021-04-19/tesla-china-demand-powers-ahead-with-record-registrations?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128759865","content_text":"More than 35,000 cars registered in March, data show\nChina demand helped global deliveries beat expectations\n\nTesla's growth in China is powering on, with registrations of its electric cars rising to a record last month.\nIn March, 34,635 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That's almost double the 18,155 registrations in February, when the week long Lunar New Year holiday slowed sales, and almost triple the number a year earlier, when the nation was the in the grip of coronavrius lockdowns.\n\nRising demand in China helped California-based Tesla deliver 184,800 cars worldwide in first quarter. The figure trounced the 169,850 average estimate in a Bloomberg survey of analysts and beat the fourth-quarter result by about 4,000 vehicles.\nMusk is pushing into China -- already the world’s largest automotive market, including for EVs -- to gain a foothold amid competition from local electric-vehicle startups as well as Volkswagen AG. Auto sales are forecast to rise in the nation this year for the first time since 2017, and in March, Premier Li Keqiang told the National People’s Congress the government will help boost the number of EV charging stations and battery-swapping facilities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373976049,"gmtCreate":1618817838381,"gmtModify":1631891768854,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Nice share","listText":"Nice share","text":"Nice share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373976049","repostId":"2128851998","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347690318,"gmtCreate":1618490828434,"gmtModify":1631891768859,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347690318","repostId":"2127007082","repostType":4,"repost":{"id":"2127007082","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618489860,"share":"https://www.laohu8.com/m/news/2127007082?lang=&edition=full","pubTime":"2021-04-15 20:31","market":"hk","language":"en","title":"U.S. retail sales surge; weekly jobless claims fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2127007082","media":"Reuters","summary":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received ","content":"<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. retail sales surge; weekly jobless claims fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. retail sales surge; weekly jobless claims fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-15 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127007082","content_text":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.The government reported this month that employers hired 916,000 workers in March, the most in seven months.Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347607883,"gmtCreate":1618490761842,"gmtModify":1631891768860,"author":{"id":"3581556580673950","authorId":"3581556580673950","name":"Redigu","avatar":"https://static.tigerbbs.com/efb9ac1b4315a797a9f112f6a60ddd91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581556580673950","authorIdStr":"3581556580673950"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347607883","repostId":"2127007082","repostType":4,"repost":{"id":"2127007082","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618489860,"share":"https://www.laohu8.com/m/news/2127007082?lang=&edition=full","pubTime":"2021-04-15 20:31","market":"hk","language":"en","title":"U.S. retail sales surge; weekly jobless claims fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2127007082","media":"Reuters","summary":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received ","content":"<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. retail sales surge; weekly jobless claims fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. retail sales surge; weekly jobless claims fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-15 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.</p><p>Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.</p><p>Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.</p><p>At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.</p><p>Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.</p><p>Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”</p><p>Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.</p><p>Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.</p><p>Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.</p><p>Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.</p><p>According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.</p><p>“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.</p><p>“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”</p><p>Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”</p><p>While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.</p><p>The government reported this month that employers hired 916,000 workers in March, the most in seven months.</p><p>Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127007082","content_text":"WASHINGTON, April 15 (Reuters) - U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March.Many qualified households have received additional $1,400 checks, which were part of the White House’s $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.Excluding automobiles, gasoline, building materials and food services, retail sales rose 6.9% last month after a revised 3.4% decrease in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have declined 3.5% in February.Strengthening domestic demand was underscored by the Federal Reserve’s Beige Book on Wednesday, which described economic activity as having “accelerated to a moderate pace from late February to early April,” and also noted that “consumer spending strengthened.”Growth estimates for the first quarter are as high as a 9.8% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth is expected to top 7.0% this year, which would be the fastest since 1984. It would follow a 3.5% contraction last year, the worst performance in 74 years.Though a separate report from the Labor Department on Thursday showed first-time applications for unemployment benefits remained elevated last week, that is probably not a true reflection of the job market’s health.Initial claims for state unemployment benefits totaled a seasonally adjusted 576,000 for the week ended April 10 compared to 769,000 in the prior week. Economists polled by Reuters had forecast 700,000 applications in the latest week.Part of the elevation in claims is because of fraud. The enhancement of the unemployment benefit programs, including the weekly subsidy, could also be encouraging some people to file for aid and others to not to seek work.According to Michael Feroli, chief U.S. economist at JPMorgan, an analysis of the Labor Department’s first payments data, which is published monthly and with a considerable lag, suggested aspirational filers are boosting jobless claims.“Historically, about 45% of initial claims resulted in a first payment of benefits,” said Feroli.“Over the last few months, fewer than 25% of initial claims generated a first payment of benefits. One reason may be that the $300 weekly bonus payments are encouraging more people to give filing a shot, the payoff from a successful claim is significantly greater than before the pandemic.”Indeed, the Fed’s Beige Book also noted that “hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.”While claims have dropped from a record 6.149 million in early April 2020, they are well above their pre-pandemic level. In a healthy labor market, claims are normally in a 200,000 to 250,000 range.The government reported this month that employers hired 916,000 workers in March, the most in seven months.Still, employment remains 8.4 million jobs below its peak in February 2020. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
