Tag Archives: claims

New weekly jobless claims fell back below the 400,000 level for the first time in three weeks, resuming improvements after a brief bump higher in initial filings.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 26: 364,000 vs. 388,000 expected and an upwardly revised 415,000 during prior week  Continuing… Source link

Rudy Giuliani, the former personal attorney for former President Donald Trump, was suspended Thursday from practicing law in New York. Giuliani, who was also a New York City mayor and U.S. attorney, had propagated baseless claims of widespread voter fraud and tried to persuade state legislators to override the will of the voters during the 2020 presidential election A New York appellate court found that “there is uncontroverted evidence that respondent communicated demonstrably false and… Source link

New weekly jobless claims resumed declining last week but by a smaller than expected margin, underscoring the still-choppy recovery in the U.S. labor market.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 19: 411,000 vs. 380,000 expected and an upwardly revised 418,000 during prior week Continuing claims,… Source link

Stock futures opened slightly higher Wednesday evening following a muted session earlier in the day, with the three major indexes ending mixed ahead of another batch of key economic data this week.  Contracts on the S&P 500 and Dow steadied after both indexes ended Wednesday’s session lower. Nasdaq futures gained after the index rose for a third straight session and set fresh intraday and record highs. Technology stocks have outperformed this week, with traders jumping back into the growth… Source link

A group of state attorneys general may file a lawsuit against Alphabet Inc‘s Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter. The anticipated lawsuit follows complaints from app developers about Google’s management of its Play Store for Android devices, according to one source. The lawsuit has been in the works since last year and has… Source link

WASHINGTON, June 22 (Reuters) – A group of state attorneys general may file a lawsuit against Alphabet Inc’s (GOOGL.O) Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter. The anticipated lawsuit follows complaints from app developers about Google’s management of its Play Store for Android devices, according to one source. The lawsuit has been in the works since… Source link

U.S. states saw the fewest new unemployment claims since March 2020 last week, with initial filings down for a sixth straight week as economic activity picked up further.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 5: 376,000 vs. 370,000 expected and an unrevised 385,000 last week  Continuing claims,… Source link

The state of Ohio filed suit against Google on Tuesday, claiming the tech giant should be regulated as a public utility due to its “discriminatory and anti-competitive” practices. The civil action, filed by Ohio Attorney General Dave Yost in Delaware County Common Pleas Court, does not seek monetary damages, but instead asks for Google to be declared a “common carrier” that could come under oversight from a body such as the state’s Public Utilities Commission. “Google uses its dominance of… Source link

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Wall Street benchmarks advanced on Thursday, with investors reacting to jobless claims falling to a new COVID-19 era low, but wary of rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later.   Good news on the labor market came from government data that showed workers filing for new unemployment benefits fell further below 500,000 in the latest week. Jobless claims set their lowest levels in more than a year as the labor market continued to heal… Source link