Jobless claims fall but pandemic job losses persist
U S Labor Department data show 751000 initial unemployment claims last week, down 40000 from the prior period and the lowest since March. The report notes declines in California, Florida, and Texas, with increases in Arizona, Illinois, and Michigan, while continued claims total 7.76 million. The piece links high jobless figures to rising virus cases, a stalled stimulus debate, and a slow path to recovery with 7.9 percent unemployment and 10.7 million fewer jobs than pre pandemic.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
California
Florida
Texas
Arizona
Illinois
Michigan
Ohio
U.S
Johns Hopkins University
Congress
Unem
Virus surges imperil economic rebound in US and Europe
Amid rising coronavirus cases in the United States and Europe, economies face renewed restrictions and slower growth. The U S economy grew 33.1 percent annualized in Q3 but remains far below pre pandemic levels as hiring and spending falter. Governments reimpose measures. aid has dried up and forecasts are trimmed.
MENTIONED IN THIS ARTICLE
Washington
United States
Europe
Atlantic
U.S
United
Chicago
J.B. Pritzker
Illinois
Grant DePorter
Harry Caray
DePorter
France
Emmanuel Macron
Germany
Angela Merkel
Aters
Merkel
Rheinberg
Michael Boehm
Boehm
Donald Trump
Spain
Barcelona
Goldman Sachs
Markets rebound as tech lifts indices after slow start
U S stocks closed broadly higher led by mega cap tech after an early decline. The S&P 500 rose 39.08 points to 3310.11 while the Dow gained 139.16 points to 26659.11 and the Nasdaq climbed 180.72 to 11185.59. Investors awaited results from Facebook Amazon and Google parent Alphabet and noted lingering recession fears and weak oil demand. European shares rose briefly before trimming gains as ECB signaled more stimulus.
MENTIONED IN THIS ARTICLE
U.S
Facebook
Amazon
Google
Wall Street
Willie Delwiche
Baird
S&p 500
Atlantic
European Central Bank
France
Germany
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Wilshire
Russell
Pelosi and Trump trade blame on virus aid stalemate
Washington amid a stalled roughly $2 trillion COVID-19 relief package talks. House Speaker Nancy Pelosi criticizes Treasury Secretary Mnuchin for not delivering Democratic priorities while President Trump vows a large package after the election and accuses Pelosi of blocking talks. Pelosi blames GOP obstacles including a testing plan state aid school funding and liability shield. Markets reel as the stalemate persists ahead of Election Day.
MENTIONED IN THIS ARTICLE
Washington
House
Nancy Pelosi
Treasury
Steven Mnuchin
Donald Trump
Pelosi
Mnuchin
Trump
Las Vegas
Jon Taffer
White House
Senate
Also Mentioned on This Page
New York
Stan Choe
Damian J. Troise
Alex Veiga
Associated Press
the Market IN Review
Dow Jones
Naspaaq
Apple Inc
Pinterest
RekorSys BlueApr
GenElec
ForteBirs
AtHomGr
Fordm
Inphi
Inovalon
PolarPwr
ConstPh
Yid
Sachg At&t Inc
Marvell Tch
AMD
McDalds
Amber
Microsoft
Amé Airlines
Miragen
Annaly
Newell Br
Apple Incs
NiSource
BP PLC
BcoBrad
NokiaCp
Northropg
BkofAm
Norw Cruise
BarrickGld
OcciPet
BedBath
Boston Sci Oe
Carnival
OwensCorn
Cedarf
Cenovuse
Palantir
PepsiCo
Cisco
Petrobras
Citigroup
Coca Cola
Pfizer
Comcast
ConocoPhil
PlugPowr H
DeltaAir
DraftKin
Schimbrg eBay
Seamm Hrs AG
ElecVed
Sherwin
EggTrustr
Sirilusxm
Entercom
Smucker
EntProdPt
ExxonMbl
Sundial H
FirstEngy
Target
Ntel
UnvSeclast
Vale SA
Nvacare
Vereit 3A
Tauunh
VerizonCm
Visa
Keycorp WalMart
KindMorg
Kohls
WellsFargo
LincNat
Wendys Co
Marathno
YumBrnds
Commodities & Futures
Exch
Chg
Lt Sweet Crude
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile Exchange
ICE
Intercontinental Exchange
Mutua
AmrenBalAm
FdmdInvsAm
Grfamrca m
Incamrca m
Invcamrca
NwPrspctvAm
Wamtinvsam
Dodge & Cox Inc
Dodge & Cox
Fidelity
Fidelity Contrafund
Fidelity Group
Fidelity TiMktIdxinsPrm
Schwab Sp500idx
Rowe Price Bcgr
Vanguard
Vanguard Ntrteadmrl
Vanguard PrmCpAdmrl
Vanguard Stinvmgrdadmrl
Doe
SEC
The