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U.S. new jobless benefit claims rise for first time since late March



New applications for unemployment benefits rose by 109,000 to 1.42 million in the week ended July 18 on a seasonally adjusted basis, the Labor Department said Thursday. See full story.

A ‘fast and violent’ rally awaits in cyclical stocks, and it won’t take a vaccine to cause it, one strategist says

Why one strategist says the market just needs to see signs of progress on the coronavirus front to trigger gains in beaten-down stocks. See full story.

Elon Musk doesn’t want Tesla to be ‘super profitable’ as it soars toward a $300 billion valuation

Tesla Inc. Chief Executive Elon Musk, who heads a company with a valuation…


SEC Chair Clayton says he’s worried about trading in stocks like Tesla

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