Jobless claims hit lowest level since 1969
CNN
Weekly claims for unemployment benefits finally fell below their pre-pandemic levels, according to data from the Labor Department.
Last week's jobless claims totaled 199,000 when adjusted for seasonal swings, the lowest level since November 15, 1969.
Benefit claims jumped into the millions in March 2020 as the pandemic caused the US economy to shutter. Over the 20 months since then, claims have edged down more or less continuously. They hit a peak of 6.15 million in the week of April 4, 2020.
A lucky Powerball ticket holder in Arkansas has won an estimated $1.8 billion jackpot, the second largest in US lottery history, after matching all six numbers in Monday’s drawing.
The housing market has spent the last several years in a deep freeze, with high borrowing costs and soaring prices stalling sales and new listings. But US homebuyers may get some relief in 2026.
Gold is having its best year since 1979.
For years, a huge Amazon contract has been one of the few bright spots in the US Postal Service’s finances. But now the USPS plans to offer those last-mile services to additional customers to stem billions in ongoing losses – a move that risks losing its biggest customer.
Data this week showed that the American economy is growing at its fastest pace in two years — and yet polling shows the mood on Main Street is grim.
Lottery hopefuls can try their luck once again for the estimated $1.7 billion Powerball jackpot after no winners took home the grand prize Monday night.
One of China’s most popular short-video and streaming platforms was flooded with porn and violent content earlier this week, sparking outrage and bafflement in a nation where the internet is tightly controlled.
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.
When jobs or inflation data counter President Donald Trump’s preferred economic narrative, he typically offers alternative statistics to shine a more positive light on the economy. But Trump’s latest effort asks Americans to buy in to some puzzling logic.
A new rule by the Federal Communications Commission will make it impossible for US consumers to buy the next generation of foreign made drones, including DJI.
CBS News editor in chief Bari Weiss decided to shelve a planned “60 Minutes” story titled “Inside CECOT,” creating an uproar inside CBS, but the report has reached a worldwide audience anyway.
Earlier this month, after President Donald Trump blasted “60 Minutes” for interviewing Marjorie Taylor Greene, correspondents noticed a change behind the scenes.
Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.