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Tag: triggered

Jobless claims drop after weak jobs report triggered concerns

Initial claims for jobless benefits fell by 17,000 last week, a small but positive sign for overall employment levels amid resurfacing fears of a U.S. economic recession. The Labor Department said Thursday that jobless claims for the week ending Aug. 3 fell to 233,000 from 250,000 the previous week. The four-week moving average increased by […]

A closely tracked recession signal just got triggered by the July jobs report

Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. Weaker than expected July employment report A reliable recession indicator The policy, closely watched by Wall Street, has rekindled concerns about the health of the U.S. economy and triggered a […]

Microsoft reveals cyberattack triggered Azure outage that stalled emails, crashed Starbucks app

Tuesday’s global outage of Microsoft Azure, which affected a wide range of consumer services from reports of Outlook email delays to problems ordering on Starbucks’ mobile app, was caused by a distributed denial-of-service (DoS) cyberattack, the company said. Microsoft Azure is a cloud computing platform used by businesses and organizations around the world. Status Updates […]