U.S. Weekly Jobless Claims Climb To Highest In Over Four Months

First-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended January 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 965,000, an increase of 181,000 from the previous week’s revised level of 784,000. Economists had expected jobless claims […]

Michelin scrapping 2,300 jobs over next three years

Car design, production will change drastically in next two decades: Magna CEO Magna CEO Swamy Kotagiri on the latest tech trends in the auto industry. French tire maker Michelin said on Wednesday it would cut up to 2,300 jobs over three years as part of a new simplification and competitiveness plan in France, adding this […]

Republican senators spar over whether second $1,200 stimulus checks are necessary

Direct payments of $600 per person are reportedly part of a new coronavirus aid package. Certain senators are pushing for those payments to be $1,200 instead, much like the first round. On Friday, two Republican senators squared off in a debate: Are those checks necessary or not? Millions of Americans are poised to receive second […]

These are the world's most expensive cities for expats

Hong Kong has once again ranked as the most expensive city in the world for expats. The financial hub retained its pricey status in ECA International's cost of living report 2020, released Tuesday, even as the coronavirus pandemic and political tensions weighed on the city's rental costs. Tokyo (2nd), New York (3rd) and Geneva (4th) […]

Cities Losing the Most Jobs in Every State

While some of the jobs lost in the early months of the COVID-19 pandemic have since returned, it appears the job market is in decline again. More than 850,000 Americans filed for initial jobless assistance during the week ending Dec. 5. And nearly 5.8 million Americans received unemployment benefits after their initial claim in the […]

Asia Stocks Head For Mixed Start; Treasuries Rise: Markets Wrap

Asian stocks looked set for a mixed start to Friday trading as investors weighed prospects for a stimulus deal in Washington against disappointing U.S. jobs data. Treasuries gained and U.S. shares ended a volatile session modestly lower. Futures were little changed in Japan, while those in Hong Kong edged higher and Australian equities saw a […]

U.S. Jobless Claims Drop More Than Expected To 709,000

A report released by the Labor Department on Thursday showed a bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended November 7th. The Labor Department said initial jobless claims fell to 709,000, a decrease of 48,000 from the previous week’s revised level of 757,000. Economists had expected jobless claims […]