Jobless claims fall more than expected to ease recession fears
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, easing fears of a labor market collapse that had sent markets plummeting. The Labor Department said on Thursday that seasonally adjusted claims for unemployment insurance fell by 17,000 to 233,000 for the week ended Aug. 3, the biggest decline […]
Dow jumps 600 points, S&P and Nasdaq roar higher as recession fears ease
In “Cavuto: Coast to Coast,” former St. Louis Federal Reserve Bank President and CEO James Bullard discusses whether central banks should worry about how markets will react to their decisions. U.S. stocks rose on Thursday as new jobless claims figures eased investor fears of an imminent economic downturn, providing some cheer to a turbulent week […]
Republicans won’t ease inflation if they don’t cut spending
With House Republicans on a six-week recess, it’s a good time to look back on the worst Republican-controlled Congress in history. Even more ominously, they have refused to cut spending by a cent and have actually increased the budget from record levels during their term. Clearly, they have no appetite to cut spending even if […]