Tropical disturbance in Atlantic expected to become Ernesto next week
As the remnants of Debby leave the East Coast, the National Hurricane Center (NHC) is tracking a new disturbance in the Atlantic that has the potential to develop into a tropical storm. A tropical wave located several hundred miles west-southwest of the Cape Verde Islands is producing widespread, chaotic showers and thunderstorms over the tropical […]
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 […]
Jobless claims rise less than expected to 233,000
On “Making Money,” Piper Sandler Chief Global Economist Nancy Lazar discusses whether the U.S. economy is doing as well as earnings suggest. How many Americans are applying? Unemployment benefits Last week’s weaker-than-expected employment report came in, which may ease some concerns about the health of the labor market following disappointing July employment data. The figures […]
Taxpayers expected to save millions after COVID-era perk for illegal immigrants gets cancelled
Immigration and Customs Enforcement (ICE) has ended a COVID-era program that allowed undocumented immigrants hundreds of minutes of free video calls, Fox News Digital reported, a move that was estimated to save taxpayers more than $10 million a year. In response to the then-emerging COVID-19 pandemic and the resulting visitation restrictions, federal agencies began offering […]
Hurricane Debby makes landfall in Florida; expected to pound Southeast
Hurricane Debbie made landfall in Florida’s Big Bend at 7 a.m. ET on Monday, according to the National Hurricane Center (NHC). The storm reached maximum sustained winds of about 80 mph, making it a Category 1 hurricane. According to the NHC, the hurricane was moving in a north/northeast direction at 10 mph and made landfall […]
US expected to propose barring Chinese software in autonomous vehicles
WASHINGTON — The U.S. Commerce Department is expected to propose a ban on the use of Chinese software in self-driving and connected cars in the coming weeks, according to people familiar with the matter. The Biden administration is expected to issue proposed rules to ban Chinese software from being used in Level 3 or above […]
Florida under hurricane watch as Tropical Depression 4 expected to strengthen into Debby
MIAMI – A hurricane watch was issued for parts of Florida’s Gulf Coast on Saturday as Tropical Storm No. 4 threatened to bring several inches of rain, strong winds and a life-threatening storm surge. Much of the state remains under a state of emergency, and officials are urging people to prepare before the weather worsens […]
Apple’s iPhone sales better than expected as demand picks up ahead of AI launch
Apple Inc. on Thursday forecast solid growth after third-quarter iPhone sales beat Wall Street expectations despite disappointing overall performance in China. The company’s shares rose 1% in after-hours trading. Apple said its fourth-quarter sales would grow at the same rate as the 4.9% increase in the April-June quarter. LSEG data showed sales of $85.78 billion […]
Private companies added just122,000 jobs in July, less than expected
Olu Omodunbi, chief economist at Huntington Private Bank, said on “The Craman Countdown” that the jobs report points to a slowdown in the labor market. U.S. companies started hiring more slowly than expected in July, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the […]
Kamala Harris expected to be lone Democratic presidential candidate ahead of party’s official vote
The Democratic National Committee announced Tuesday that Vice President Kamala Harris is the only presidential candidate eligible to run for the Democratic presidential nomination. No other leading Democrats have announced their intentions to seek the party’s nomination, but the Democratic National Committee’s announcement formally paved the way for the vice president to run unopposed, the […]