Eramet and BASF decide against joint investment in a nickel-cobalt refining complex in Indonesia

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Amazon's $2T market cap, jobless claims: Market trends
Yahoo Finance's Josh Schafer joins Asking for a Trend to break down his biggest takeaways from the trading day. Amazon has reached a $2 trillion market capitalization for the first time, making it the fifth tech company in the US to do so. Schafer is also focused on weekly jobless claims. The data is set to be released Thursday at 8:30 a.m. ET, and he notes that the last month of data has been higher. He explains that another hotter-than-expected print could be cause for concern: "As people get laid off, they're going to go and file for unemployment benefits at some point, most likely. So you start to get a little bit more sense of what's actually happening. This is one of the key indicators when people talk about recession risk, if jobless claims tick up. That's where the big concern hits." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
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Eramet and BASF decide against joint investment in a nickel-cobalt refining complex in Indonesia

Latest stories

Warren Buffett believes the vast wealth gap in America is due to 1 'inevitable consequence'

$1.5 million pay day using simple $10 trick: 'Worth your attention'

Backpacker on $800 a fortnight debunks Aussie work myth: ‘Wages so much better'

Aussie banks issue cashless warning: ‘Going digital’

Australia Wealth Fund Picks Hedge Funds Over Bonds to Weigh Risk

NVIDIA Corporation (NVDA) Jumped on Booming Demand for AI Products

In race to regain rare earth glory, Europe falls short on mineral goals

Here's the Net Worth of Married Couples by Age: How Do You Stack Up?

Chewy stock spikes, then retreats, after 'Roaring Kitty' posts cryptic picture of dog on X

Dire warning of several rate hikes this year

Collins Foods And Two More ASX Dividend Stocks To Consider

Mortgage costs to jump for 3m more households, says Bank of England

AeroVironment (NASDAQ:AVAV) Exceeds Q1 Expectations But Stock Drops

The Nvidia spell has been broken. Here’s what could come next

Nvidia Retail Craze Unleashes Big Moves in the World of ETFs

I’m a Financial Expert: Here’s What My Clients Always Get Wrong When Trying for Early Retirement

Race out of recession picks up speed but house prices fall as mortgage time bomb ticks

Retired Florida couple saved $100K by ‘going bare’ on home insurance — is this money-saving hack worth the risk?

Amazon's $2T market cap, jobless claims: Market trends

French Inflation Resumes Slowdown Two Days Before Elections