Eviction moratorium extended another month in final push
The CDC extended the nationwide eviction ban from June 30 to July 31, calling it the final extension. The administration launched a multi agency effort to avert a surge in evictions while directing nearly 47 billion dollars in emergency rental assistance to states and localities.
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Unemployment Benefits Dip as Claims Fall to 411,000
U.S. unemployment claims dropped to 411000 last week signaling easing layoffs and improving job market. The Labor Department noted continued weekly declines amid a growing economy with states ending pandemic related aid and calls for reforms to unemployment programs.
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Markets rebound as major indexes rise and small caps surge
U S stock indexes advanced with the Dow up 322.58 points and the Nasdaq up 97.98 as small‑cap shares led gains. The Russell 2000 rose 30.15 points amid a broader rally after a week of Fed rate‑hike uncertainty and lingering supply chain and labor constraints. Durable goods orders climbed 2.3 percent in May led by civilian aircraft demand, easing from April’s drop despite shortages.
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Google delays phaseout of third party cookies in Chrome
Google pushes the third party cookie removal from January 2022 to late 2023 as it overhauls Chrome privacy. Regulators in the EU and UK probe the plan and Google offers the watchdog a role and advance notice before cookie removal.
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U.S. stocks rise on bipartisan infrastructure deal
U.S. stocks climbed further on Thursday extending weekly gains as traders welcomed a bipartisan infrastructure deal and positive economic reports. The S&P 500 pushed to another record high as Biden announced the framework.
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