Unemployment claims hover near 212000 as Fed holds rates
The Labor Department reports weekly unemployment benefits at about 212000, steady in a narrow range since February. The resilient job market supports consumer spending and lends the Fed rationale to keep rates high while inflation cools. The Commerce Department March spending and inflation snapshot shows inflation easing but still above 2 percent, with rate cuts anticipated in 2024. Analysts estimate year over year inflation at 2.6 percent.
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Market slide caps worst week for tech stocks since 2020
Stocks posted another losing week as technology shares led declines. The S&P 500 dropped 0.9% on Friday finishing a string of losses, with the Nasdaq also tumbling as investors weighed economic signals and corporate results. Netflix and other giants faced pressure amid broader tech weakness.
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Wall Street
Ite
Dow
Nvidia
Chiefs Chiefs could face funding hurdles for stadium move
Kansas leaders view Kansas City Chiefs relocation as unlikely due to funding gaps. Officials cite sports betting revenue, STAR bonds, and state finances, noting a 2025 fund near 10 million, far short of the billions needed. Analysts warn stadium jobs are often low wage and temporary. Daniel Caudill reports.
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Amazon.com Inc
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