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English By Ken Bredemeier Share on Facebook Print this page WASHINGTON - U.S. unemployment compensation claims eased last week, the Labor Department reported Thursday, but remained elevated by historical standards as the coronavirus pandemic continues to play havoc with the world’s largest economy.
The government said 779,000 workers filed for benefits last week, down 33,000 from the revised figure of the previous week.
As President Joe Biden starts his third week in office, the U.S. economy is still facing headwinds, with tens of thousands of people being infected daily by the coronavirus and employers confronted with new orders from state and municipal officials to restrict business hours or to shut down to try to prevent the spread of the virus.
English By Masood Farivar Share on Facebook WASHINGTON - With the odds seemingly in favor of former President Donald Trump prevailing in his impeachment trial, a debate is brewing among legal scholars and some members of Congress over whether a once-forgotten provision of the U.S. Constitution can be used to bar the former president from holding federal office ever again.
The provision is part of the Constitution’s 14th Amendment. Ratified in 1868, the amendment is best known for expanding the civil rights of American citizens and guaranteeing “equal protection” under the law. Its lesser known but hotly debated Section Three bars anyone who has “engaged in insurrection or rebellion” against the United States or who has given “aid and comfort” to its enemies from holding office.
Stocks slip as investors eye Chinese policy tightening prospects
By Hideyuki Sano
Reuters
TOKYO (Reuters) - Stocks dipped on Thursday as a spike in short-term Chinese interest rates fanned worries about policy tightening in the world s second-largest economy, although improving corporate earnings and easing market volatility helped stem losses.
U.S. bonds extended their decline, boosting the 30-year yield to its highest level since March, following stronger economic data and a push in Washington to pass a massive relief plan.
European stocks are expected to be steady to slightly weaker, with Eurostoxx futures down 0.2% and FTSE futures up 0.1%.
MSCI s ex-Japan Asian-Pacific index fell 1.2%, led by drops in South Korea and China, while Japan s Nikkei lost 1.1%, both snapping a three-day winning streak. U.S. stock futures slipped 0.25% in Asia.
European stocks seen steady to softer U.S. bond yields jump on expectations of big govt borrowing Volatility index falls to regular levels Oil at 1-year high on OPEC+ production cut, U.S. inventories
TOKYO, Feb 4 (Reuters) - Stocks dipped on Thursday as a spike in short-term Chinese interest rates fanned worries about policy tightening in the world’s second-largest economy, although improving corporate earnings and easing market volatility helped stem losses.
U.S. bonds extended their decline, boosting the 30-year yield to its highest level since March, following stronger economic data and a push in Washington to pass a massive relief plan.