Labor Dept reports weekly unemployment claims outlook
The Labor Department releases its weekly tally of initial jobless claims as a gauge of layoffs. Claims recently fell to 187,000, the lowest since 1971, signaling steady job market strength despite inflation and the pandemic, with economists forecasting a rise to about 195,000 last week.
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Labor Department
MNI
Chicago
U.S
Economists see February U.S. consumer spending slowdown
Economists anticipate consumer spending cooled in February after a 2.1 percent jump in January. They project a 0.7 percent rise as inflation remains a burden on food, fuel, and other goods, with the Commerce Department releasing the monthly data.
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U.S
Commerce Department
EU plans rules to curb disposable fast fashion
Commodities advanced with U S crude up 3.4 percent and natural gas rising 5 percent as heating oil and wholesale gasoline climbed. Gold and silver finished higher. EU Commissioner Frans Timmermans urged sustainable products and long lasting clothes while the EU proposed rules to reduce disposable fashion.
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U.S
EU Commission
Frans Timmermans
European Union
Tech shares pull market lower after four day rally
Stocks fell on Wednesday led by technology shares as investors weighed an economic report suggesting slower growth. The S&P 500 and Dow slipped while Norfolk Southern reported a $10 billion stock buyback, highlighting corporate strength amid cautious sentiment.
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Wall Street
S&p 500
Dow. Jones
Norfolk Southern
Markets slide as energy and stocks follow oil higher
The Nasdaq composite and overall stock averages dipped while energy shares advanced with climbing oil prices. Despite near term volatility, major indexes still edged higher for the week as Russia Ukraine talks show progress, though uncertainty lingers. Lululemon and Chewy traded with mixed results after earnings.
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Russia
Ukraine
Lululemon Athletica
Kansas governor treads political line on vaccine mandates
Kansas Governor Kelly defends her anti enforcement stance while facing GOP critics ahead of a reelection bid. Attorney General Schmidt lawsuits against federal mandates are cited as party strategy. State nursing home vaccination rates cited show 77 percent of federally licensed facilities fully vaccinated by February, with 86 percent for state regulated homes.
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Kelly
Biden
Kansas
GOP
COVID
Derek Schmidt
Dan Hawkins
Wichita
House Health Committee
Brenda Landwehr
State Health Department
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