US unemployment aid remains extremely high amid COVID woes
Washington reports 860000 new claims last week with 12.6 million on traditional benefits and a nine month pandemic toll. Economies show a 31.7 percent GDP drop in spring, while job gains falter and renewed outbreaks threaten momentum.
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Washington
U.S
Labor Department
Edina County
Nancy Vanden Houten
Oxford Economics
Resarch
Rabeela Farooqi
Markets slide as Big Tech drags indices lower
Technology shares weighed on wall street as the S&P 500 dropped 0.8 percent with eight of eleven sectors down. Amazon, Facebook and Apple led losses while Fed signals of extended easy money faded, and Powell faces pressure for more stimulus amid slowing recovery.
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Amazon
Facebook
Apple
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Fed
Jerome Powell
Shawn Cruz
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Judge blocks USPS changes slowing mail before election
A Washington federal judge issued a nationwide injunction blocking Postal Service changes described as a political attack on mail efficiency ahead of the November election. The states led by Washington sought to halt the leave behind policy and reinstate First Class handling for election mail, arguing the moves risk disenfranchising voters while noting delays already persisted despite gradual improvements.
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U.S
Stanley Bastian
Yakima
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Lee Monk
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Louis DeJoy
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DeJoy
Bob Ferguson
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Joseph Berson
Mynor Arizar-Hunter
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