Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation. Applications for jobless claims in the United States for the week ending March 11 fell by 20,000–192,000 from 212,000 the previous week, the Labor Department said Thursday. […]
PORTLAND, Maine—A coalition representing the Maine lobster industry is suing an aquarium on the other side of the country for recommending that seafood customers avoid buying a variety of lobster mostly harvested in their state. Industry groups including Maine Lobstermen’s Association are suing the Monterey Bay Aquarium in California for defamation, arguing in a lawsuit […]
It is crucial that the United States be joined by its allies with export controls to dampen China’s ability to compete in the advanced digital tech sector. To break down the significance of these economic policies, NTD spoke with Stephen Ezell, vice president of global innovation policy at the Information Technology and Innovation Foundation.
SHANGHAI—Prospective Tesla Inc. buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker’s decision to cut prices is stoking demand in its second-largest market. Tesla cut prices by 6 percent to 13.5 percent on Friday, bringing some of its auto prices to near BYD’s best-selling models in a […]
A new report on Congressional stock-trading is out. Financial services firm “Unusual Whales” shows us that many politicians beat the market in 2022. The biggest winner was Republican Texas Representative Patrick Fallon, a Republican from Texas, who had returns of nearly 52 percent. He beat the S&P 500 by a lot. The S&P 500 is […]
WASHINGTON—U.S. job openings fell less than expected in November as the labor market remains tight, which could see the Federal Reserve boosting interest rates to a higher level than currently anticipated to tame inflation. There was, however, encouraging news in the inflation fight, with a survey from the Institute for Supply Management (ISM) on Wednesday […]
The U.S. stock market suffered one of its worst days of 2022 as the leading benchmark indexes fell sharply on Thursday, dashing hopes of a year-end Santa Claus rally. Investors engaged in a broad-based selloff toward the end of the trading week. The Dow Jones Industrial Average (DJIA) plummeted as much as 919 points. The […]
BERLIN—Police said they had ended a suspected hostage-taking in the eastern German city of Dresden on Saturday, after evacuating a shopping mall in the historic city center and shutting the famous Striezelmarkt Christmas market. “All-clear! The hostage situation in #Dresden is over!” police said on Twitter, adding that two people who appeared to be unharmed […]
WASHINGTON—The International Monetary Fund (IMF) warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises, and sharply higher interest rates were pushing the world to the brink of recession and threatening financial market stability. In gloomy reports issued at the start of the first in-person International Monetary Fund and World Bank annual […]
