COVID-19

U.S. unemployment claims jump

4 days ago   |   By Finance Commerce

The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs.
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Unemployment Claims Rise Sharply, Showing New Economic Pain

4 days ago   |   By NY Times

Weekly filings for jobless benefits hit the highest level since July as the pandemic's resurgence batters the service industry.
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US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

5 days ago   |   By Business Insider

Summary List Placement
US stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
The reading of 965,000 new unemployment filings represented the biggest increase since March and the highest level since August.
The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated.
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US stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
Jobless claims surged to 965,000 for the week that ended on Saturday...
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Jobless Claims Rose to 965,000

Jobless Claims Rose to 965,000

5 days ago   |   By Crossing Wall Street

This morning's jobless claims report was a bad one. The government said that 965,000 Americans filed jobless claims. That's the most since August and it's a clear sign that the trend has turned. Wall Street had been expecting 800,000.
This is more confirmation of last week's lousy jobs report. Two weeks from today, we'll get our first look at Q4 GDP and I'm afraid it won't be good.
Still, the jobless number for the week ended Jan. 9 was another sign of economic turmoil brought on by restrictions in activity aimed at combating the pandemic. The total was the highest since the week of Aug...
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Gumroad has no full-time employees, meetings, or deadlines - and the company...

Gumroad has no full-time employees, meetings, or deadlines - and the company still made $11 million and grew 85% year-over-year. Here's how they did it

Summary List Placement I started Gumroad in 2011. In 2015, we reached a peak of 23 full-time employees. In 2016, after failing to raise more money, I ended up back where I... Read more ...

Yellen pushes GOP senators on $1.9 trillion relief package

Yellen pushes GOP senators on $1.9 trillion relief package

WASHINGTON - Janet Yellen, President-elect Joe Biden's choice as Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its... Read more ...

The Latest: Canada expects reduction in vaccine deliveries

The Latest: Canada expects reduction in vaccine deliveries

TORONTO - Canadian officials say the country won't be getting any Pfizer-BioNTech COVID-19 vaccine next week and 50% less than expected over the next month. Read more ...

Trump Administration Declares China's Repression Of Uighurs 'Genocide'

Trump Administration Declares China's Repression Of Uighurs 'Genocide'

Secretary of State Mike Pompeo said China committed “genocide and crimes against humanity” toward Uighur Muslims. Read more ...

US stocks climb amid stimulus optimism ahead of Yellen hearing

US stocks climb amid stimulus optimism ahead of Yellen hearing

Summary List Placement US stocks rose on Tuesday as investors await Treasury Secretary nominee Janet Yellen's confirmation hearing in which she's expected to urge Congress to... Read more ...

Billionaire Chamath Palihapitiya says he's working on private funding for a...

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Summary List Placement Billionaire Chamath Palihapitiya tweeted on Tuesday that he's working on private funding for a new climate investment. He did not specify further about... Read more ...

UK: 'Genocide' clause to China trade deals narrowly defeated

UK: 'Genocide' clause to China trade deals narrowly defeated

LONDON - British Prime Minister Boris Johnson narrowly avoided a defeat in Parliament on Tuesday after lawmakers voted against a controversial proposal seeking to bar trade... Read more ...

Vacation Rentals Peaked in 2020, Should Hotels Be Worried? - By Jeremy Razook

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The vacation rental space peaked in 2020 in the United States. According to Google Trends, “vacation rentals” saw its most popularity this year than it had seen over the last... Read more ...

The Latest: UK records more than 90K COVID-19 deaths

The Latest: UK records more than 90K COVID-19 deaths

LONDON - The U.K. has recorded more than 90,000 coronavirus-related deaths, just ten days after it passed the 80,000 threshold. Read more ...

BlackBerry jumps 20% after settling patent dispute with Facebook

BlackBerry jumps 20% after settling patent dispute with Facebook

Summary List Placement BlackBerry shares spiked as much as 20% Tuesday after the company announced it settled a patent infringement suit with Facebook. The terms of the... Read more ...