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Lucy Bayly

Lucy Bayly is the business editor for NBC News.

Lucy Bayly is the business editor for NBC News.

Latest from Lucy Bayly

213d ago

Dow closes with 650-point loss after Fed Chair Powell says he wants to speed up ‘tapering’

Wall Street took a dive Tuesday, with the Dow Jones Industrial Average falling by more than 600 points after Federal Reserve Chairman Jerome Powell said he was
220d ago

Latest weekly jobless claims fall to 199,000, the lowest since 1969

Initial weekly jobless claims dropped to 199,000 last week, hitting the lowest level since 1969 and roundly beating economists' expectations of 260,000.
261d ago

Weekly initial jobless claims fall below 300,000 for first time since pandemic began

"A big drop in unemployment claims is the strongest evidence yet that the Covid-19 delta wave has lost its influence on layoffs," said one economist.
262d ago

Hasbro CEO Brian Goldner dies, just two days after taking medical leave

Hasbro CEO Brian Goldner has died, the toymaker announced Tuesday, just two days after Goldner stepped down to take medical leave.

Hasbro CEO Brian Goldner has died, just two days after taking medical leave

"Brian’s work brought joy and laughter to children and families around the world," a company statement read.
285d ago

Wall Street closes in the red, triggered by selloff in China and anxiety over the Fed's next move

China property giant Evergrande, which is $300 billion in debt and dangerously close to collapse, is having an impact on markets worldwide.
296d ago

Corporate America reacts to Biden's vaccination mandate

"We have tools to combat the virus ... if we can come together as a country to use those tools," Biden said.
339d ago

Fed holds rates steady, says sectors most affected by pandemic are showing improvement

The Federal Reserve extended its support for the economy as Covid infection rates surge and vaccination rates stall out.

Southwest CEO Gary Kelly to step down

In the airline's 50-year history, it has never had a single layoff or furlough — even during the coronavirus pandemic.
381d ago

Federal Reserve holds interest rates steady, raises expectations for rising inflation

The Fed drastically raised its forecast for inflation and shifted up the timeline for a rate hike.
393d ago

U.S. economy added 559,000 jobs in May, vs. estimates for 675,000

"The mood has changed. The economy has healed as a rising share of the U.S. population has been vaccinated," said one economist.