Unemployment claims rise to 885000 in U S weekly data
The Labor Department reported 885000 new unemployment claims last week, the highest since September, as coronavirus restrictions and surging cases threaten the economy. State benefits coverage fell to 5.5 million while total jobless aid may end for about 9.1 million without Congress action.
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Washington
Labor Department
CANDA
Federal Reserve
Jerome Powell
Fed
Congress
Jpmorgan Chase Institute
Judge extends restaurant reopening to San Diego County
A San Diego Superior Court judge ruled that all county restaurants may resume on site dining with safety protocols, extending protections the same day to strip clubs. The decision paused local dining bans and prompted officials to seek clarification while urging continued social distancing and mask use.
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San Diego
California
Joel Wohlfeil
San Diego County
Wohlfeil
Cheetahs Gentlemen's Club
Pacers Showgirls International
Cheetahs
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Gavin Newsom
Stocks Reach Record Highs As Vaccines Roll Out
Major U.S. indices climbed to new peaks on optimism over more fiscal aid and a slow vaccine rollout. The S&P 500 rose 0.6 percent to 3722.48, the Dow gained 0.5 percent to 30303.37, and the Nasdaq added 0.8 percent to 12764.75 as yields moved higher.
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U.S
Congress
Sam Stovall
CFRA
Sackler family testifies on role in opioid crisis before Congress
Two Purdue Pharma owners, heirs of the Sackler brothers, acknowledge OxyContin helped fuel the opioid epidemic but stop short of apologizing. Kathe and David Sackler express sorrow while facing a partisan House hearing. Purdue, led by CEO Craig Landau, says it accepts full responsibility and will disclose shell-company assets and public documents. Lawmakers of both parties assault the family, accusing them of deflecting blame.
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Congress
David Sackler
Purdue Pharma
Purdue
United States
Kathe Sackler
House Oversight and Reform Committee
Kelly Armstrong
R-N.d
Two Sacklers
Carolyn Maloney
New York
Craig Landau
Sacklers
Maloney
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