Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
The number of Americans filing new claims for unemployment benefits dropped from a six-month high last week, but remained elevated as California continued to deal with a backlog related to computer problems.
Initial claims for state unemployment benefits fell 15,000 to a seasonally adjusted 358,000, the Labor Department said on Thursday. Economists polled by Reuters had expected first-time applications to rise to 335,000 last week.
A Labor Department analyst said claims in California, which has experienced technical problems during a conversion to a new computer system, remained at similar levels as in the prior week.
There had not been a perceptible increase in filings last week from non-federal workers furloughed because of the just-ended government shutdown, the analyst said.
The 2-1/2 week partial shutdown of the federal government ended on Wednesday night after the U.S. Congress passed an 11th hour deal to temporarily fund the government through mid-January and to raise the country's borrowing authority until Feb. 7.
During the week ended Oct. 5, the first week of the shutdown, there were 70,068 claims from furloughed federal workers.
Still the underlying trend of claims remains consistent with a steady labor market. The four-week moving average for new claims, which irons out week-to-week volatility, rose 11,750 to 336,500.
Last week's claims data covered the survey period for October's nonfarm payrolls count. But without payrolls data for September, which was delayed because of the shutdown, it is difficult to clearly check the pulse of the labor market.
Apart from the spike during the week ending Aug. 5, new claims for jobless aid have generally pointed to fewer layoffs. The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid fell 43,000 to 2.86 million in the week ended Oct. 5.