Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam.
Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted 330,000, the Labor Department said on Thursday. However, claims for the prior week were revised to show 6,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to fall to 335,000 last week.
The four-week moving average for new claims fell 9,750 to 349,000.
A Labor Department analyst said no states had been estimated, but noted that adjusting the data for seasonal fluctuations remained a challenge.
While claims have been extremely volatile around the holiday season, they are still largely consistent with other labor market indicators that have painted an upbeat picture of the jobs market and the overall economy.
Last week's data has no bearing on the government's closely watched employment report for December.
The Labor Department is expected to report on Friday that non-farm payrolls increased 196,000 last month after gaining 203,000 in November, according to a Reuters poll of economists.
The unemployment rate is forecast to be steady at a five-year low of 7.0 percent.
The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid rose 50,000 to 2.87 million in the week ended Dec. 28.
A total of 4.19 million people were receiving benefits under all programs in the week ended Dec. 21. With benefits for more than a million long-term unemployed Americans having expired on Dec. 28, that figure should decline sharply in the weeks ahead.