Unemployment Benefits Climb as Reopenings Slow Layoffs
Nearly 1.9 million people filed for unemployment benefits last week while continuing claims rose to 21.5 million. The data show scattered rehiring offsetting some layoffs but the jobless total remains far above pre crisis levels amid a slow economy.
Trump administration blocks Chinese airlines from U.S. flights
The Transportation Department moved to suspend passenger flights of four Chinese carriers to and from the United States beginning June 16, in response to China not allowing United Airlines and Delta to resume routes. The action cites a 1980 aviation pact and vows further talks to resolve the dispute.
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Malaria Drug Fails to Prevent COVID-19 in Study
Large NEJM study finds hydroxychloroquine no better than placebo in preventing illness among close contacts of COVID-19 cases. About 40 percent of users reported side effects, mainly mild stomach issues. no serious harm observed. Regulators caution against off label use due to heart rhythm risks.
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Utilities shine in iMoneyNet best performers list
iMoneyNet Inc. highlights top utilities performers with standout gains in the latest data release. Investor focus centers on steady dividends, favorable regulatory environments, and resilience amid market volatility as utilities lead sector gains.
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