Layoffs Persist as U S Jobless Claims Dip Under 1 Million
Washington reports 963000 initial unemployment claims last week, the second straight drop from 1.2 million, but layoffs remain extraordinarily high. The end of the $600 weekly federal aid deepens hardship while job recovery remains fragile amid ongoing infections and closures.
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Washington
U.S
Associated Press
Lydia Boussour
Oxford Economics
Congress
Donald Trump
Washington State
National Guard
Michelle Meyer
Bank of America Merrill Lynch
No new virus aid relief in sight stalls in Washington
Washington falters as talks on emergency coronavirus relief stall with Pelosi pressing for USPS funding rental aid food aid and rapid testing while Trump Republicans blame Democrats for gridlock. Senate GOP leaders accuse Pelosi of demanding unrelated relief as the nation endures a widening health and economic crisis.
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U.S. Postal Service
Pelosi
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U.S
Trump
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Larry Kudlow
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Mark Meadows
Mitch McConnell
R-Ky
McConnell
Postal Service
Daimler to settle U S diesel emissions claims for over 2.2 billion
Daimler AG says it has reached agreements in principle to settle U S claims over diesel vehicle emissions for more than 2.2 billion dollars. The Stuttgart company notes civil and environmental claims involve about 250 000 diesel cars and vans and cover actions with multiple U S authorities.
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Berlin
Daimler AG
U.S
Stuttgart
District of New Jersey
Justice Department
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Las Vegas
Wall Street nudges near record as S&P 500 slips
Wall Street ends with the S&P 500 just shy of its record closing high after briefly trading above 3,386.15. The index falls 6.92 points to 3,373.43 while the Dow dips 80.12 to 27,896.72 and the Nasdaq gains 30.27 to 11,042.50. Mortgage rates creep higher as Freddie Mac notes low-demand housing persists amid the pandemic.
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