Initial claims for unemployment benefits, a proxy for layoffs across the U.S., increased by 13,000 to a seasonally adjusted 277,000 in the week ended June 11, the Labor Department said Thursday. It was the first increase in claims since the week ended May 7.
The Federal Reserve may not be ready to raise interest rates until the Christmas holidays roll around, Federated Chief Equity Strategist Phil Orlando said Thursday.
Investors are voraciously buying calls on the SPDR Gold Trust (ticker: GLD ) in apparent anticipation that the United Kingdom will vote later this month to leave the European Unionю
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