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Paul Dykewicz

GM’s Stock Breaks through $40 Barrier

Just one day after announcing plans to stop marketing Chevrolet as a full-fledged automobile brand in Europe, General Motors Corp.’s (GM) share price has climbed above $40 a share.

U.S. Unemployment Rate Hits Five-Year Low; Fed Gets Next Move

The United States added 203,000 nonfarm jobs in November to bring unemployment to a new five-year low of 7 percent, the Labor Department reported this morning.

GM to Largely Pull Chevrolet from Europe

General Motors Co. (GM) plans to largely withdraw its Chevrolet brand from Europe in 2016, focusing more sharply on its main Opel and Vauxhall brands.

U.S. third-quarter growth revised up to 3.6 percent

The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively boosted inventory, but underlying domestic demand remained sluggish and buoyed the case for the Federal Reserve to keep up its stimulus for now.

Jobless Claims in U.S. Unexpectedly Drop to Two-Month Low

Applications for U.S. employment benefits unexpectedly fell last week to the lowest level in more than two months, the Labor Department reported this morning. However, part of the reason may be that it is increasingly difficult to adjust the data for seasonal variations during holiday periods.

Germany’s Bonds Lead Soveriegn Debt Dip in Europe Amid Fed Tapering Bets

Germany’s government bonds led declines in the value of the euro region’s sovereign securities as a U.S. job report raised speculation that the Federal Reserve will taper its asset-purchase program. Germany’s 10-year bund yields climbed to the highest level in six weeks.