Here are the top news, trends, and analysis investors need to get their trading day started:
The Wall Street sign can be seen in front of the New York Stock Exchange (NYSE) in New York on February 16, 2021.
Brendan McDermid | Reuters
A woman walks outside a store in New York City on February 22, 2021.
John Smith | Corbis News | Getty Images
The Ministry of Labor reported on Thursday 744,000 new claims for unemployment benefits last week. This was a higher than expected level of initial jobless claims and an increase of 16,000 from the previous week’s revised upwards. The latest damage data comes almost a week after signs of a more aggressive cure in the labor market, as the non-farm workforce rose by 916,000 in March while the unemployment rate fell to 6%.
President Joe Biden speaks during an American employment plan event at the South Court Auditorium on the White House campus on Wednesday, April 7, 2021 in Washington.
Evan Vucci | AP
president Joe Biden is expected to reveal A string of executive actions against gun violence on Thursday following a spate of mass shootings. While taking his first major steps in the fight against firearms since taking office, the president will also appoint gun control attorney and ex-federal agent David Chipman as ATF director, according to senior government officials von Biden. These officials said the Justice Department will issue a new proposed rule requiring buyers of homemade weapons – often made from parts and without a serial number – to undergo a background check.
Workers operate a front loader while they make infrastructure repairs in San Francisco, California on April 7, 2021.
Justin Sullivan | Getty Images
Biden said Wednesday he was ready to negotiate a proposed increase in the corporate tax rate to 28% to help fund his infrastructure plan of more than $ 2 trillion. “I am ready to listen” said the President. However, Biden is put under pressure by the Democratic Senator. Joe Manchinwho has already spoken out against a corporate rate of 28%. In a 50:50 Senate, Manchin’s vote could make all the difference. West Virginia lawmakers said Wednesday it was against a lawsuit that makes it easier to pass invoices without Republican support.
People protest in Los Angeles, California on March 22, 2021 to support workers’ union efforts in the Alabama Amazon.
Lucy Nicholson | Reuters
A high stakes vote will vote on whether to unionize any of Amazon’s Alabama warehouses could begin as soon as Thursday. More than 3,200 votes were cast, representing a turnout of around 55%, above the estimate originally estimated by the Retail, Wholesale and Department Stores Union. The vote in Bessemer was closely watched inside and outside Amazon as it could create the first union in one of the e-commerce giant’s warehouses in the United States. Amazon workers in many European countries are already unionized.