Sunday, January 24, 2021

U.S. jobless claims fall below 1 million last week

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What we know: The Labor Department said applications fell to 963,000, the second straight drop, from 1.2 million the previous week. The decline suggests that layoffs are slowing, though last week’s figure still exceeds...

President Trump to announce executive orders today in an effort to help China Virus’s...

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**Story developing With Republicans and Democrats both failing at coming to an agreement on a stimulus deal that will help Americans hardest hit from the China Virus, President Trump is taking things into his own...

President Trump bans H-1b visa technology workers on federal government contracts

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President Donald Trump marked an official request on Monday that bans innovation laborers on H-1B visas from supplanting American residents in national government contracts. The request will guarantee that Federal organizations organize employing American...

White House, Democrats Resuming Stalemated Virus Relief Talks

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Converses with break a stalemate over another infection alleviation bundle become progressively earnest this week with a huge number of jobless Americans left without extra guide, and the Senate booked to leave for an...

White House to propose reducing unemployment benefits to 70% of wages

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Treasury Secretary Steve Mnuchin said on "Fox News Sunday" that the White House will propose topping supplemental joblessness protection in the following boost bundle to supplant 70% of people's lost wages. Republicans are against broadening...

Texas bar owners pledge defiance to Gov. Abbott order

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Many Texas bar proprietors state they'll resist Gov. Greg Abbott's command that arranged them shut after a flood in Wuhan virus cases. Stronghold Worth bar proprietor Chris Polone has sorted out what's named as "Opportunity...

President Trump says phase 2 China trade deal unlikely

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Cracking down on China: On Thursday, the U.S. sanctioned a top member of China’s ruling Communist Party and three other officials over human rights abuses against Muslim Uighurs in the western region of Xinjiang....

The U.S. adds 4.8 million jobs in June, beating forecast; Unemployment claims elevated

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The weekly figures show the number of Americans claiming jobless benefits remains extremely elevated, posting the first increase in state programs in four weeks.

Congress close on PPP loan extension

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Passing of the bill: Senators aren’t in town this week but have a pro forma session scheduled for Thursday, during which it would pass the bill if there are no objections. Otherwise, the Senate...

Car rental giant Hertz files for bankruptcy

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Other notable bankruptcies by national retailers have been: JCPenney, Neiman Marcus, and J.Crew, along with some energy companies such as Whiting Petroleum and Diamond Offshore Drilling.