March 6, 2021

steam

February job growth surges above expectations as coronavirus recovery picks up steam

The U.S. economy added 379,000 jobs in February, evidence the labor market’s recovery is gaining steam nearly one year into the pandemic as coronavirus caseloads fall nationwide and many states ease restrictions on business activity.

The unemployment rate fell slightly to 6.2% — well below the April peak of 14.7% but about twice the pre-crisis level, the Labor Department said in its monthly payroll report released Friday. Economists surveyed by Refinitiv expected the report to show that unemployment

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Tilray stock loses steam as analysts say company not compelling as stand-alone business, look to Aphria deal

Tilray Inc. shares fell on Thursday, as analysts weighed in on the company’s latest quarterly earnings with most looking ahead to the company’s pending merger with Aphria Inc., saying Tilray looks less compelling on its own.

Tilray
TLRY,
+7.79%
reported a loss of $3 million, or 2 cents a share, after reporting losses of more than $200 million in the same quarter a year ago. Revenue came to $56.6 million, or $50.7 million when accounting for excise taxes, after $46.9 million a year ago, or $42.5 million after excise taxes. Analysts on average predicted a loss of 14 cents a

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