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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 13, 2021
Page
11
The Labor Department reports 375000 initial jobless claims, down from 387000, as unemployment benefits continue to trend lower amid easing layoffs and a strong demand rebound. Ohio and Lorain County show declines, while debates over program expirations and fraud linger.
Stocks drifted higher on Thursday with the S&P 500 up 0.3 percent to 4,460.83 and the Dow adding 14.88 points as Apple and Adobe lifted the index while Micron and Lam Research fell. The Nasdaq rose 0.3 percent as Treasury yields climbed and inflation data showed wholesale prices up 1 percent in July. Kentucky Senator Rand Paul disclosed a 2020 stock purchase in Gilead addressing Remdesivir amid scrutiny of lawmakers trading during the pandemic.
Wendy's plans 700 delivery only kitchens by 2025 with 50 to open this year in U S Canada and UK. Reef Technology will build and staff kitchens with projected annual sales of 500000 to 1 million per unit and 6 percent royalties. Third party delivery partners will handle distribution.
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