U.S. stocks were set to open lower Thursday following data showing a rise in jobless claims, having hit record highs a day earlier after the Federal Reserve said the economy was strong enough for it to begin paring its massive stimulus.
Shares of Facebook have slipped 2.6% in pre-market trading after the social network announced it would offer 70 million shares for sale.
U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.
The Massachusetts unemployment rate was 7.1 percent in November, down from October's 7.2 percent rate. Despite the slight improvement, it's the first time since 2007 that the state's unemployment rate is higher than the national rate, which is currently 7 ...
WASHINGTON - Initial jobless claims unexpectedly jumped last week to the highest level since March, the Labor Department said Thursday, countering recent upbeat economic data and reflecting holiday season volatility.