• US weekly jobless claims slide to a new pandemic-era low of 293,000

    2 days ago - By Business Insider

    Unemployed people at a rally last year in Philadelphia, Pennsylvania.
    Cory Clark/NurPhoto via Getty Images
    Weekly jobless claims fell to 293,000 last week, marking the lowest reading since March 2020.
    Economists expected claims to drop to 319,000, which would've been just above pandemic-era lows.
    Continuing claims dropped to 2.59 million for the week that ended October 2, beating forecasts.
    The number of people filing for unemployment insurance in the US tumbled last week to the lowest level since the pandemic slammed the US economy. Jobless claims totaled 293,000 last week, the Labor...
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  • US stock futures rally as investors look past rising inflation and focus on earnings season

    2 days ago - By Business Insider

    Stocks rose on Wednesday despite inflation hitting a 13-year high.
    EMMANUEL DUNAND/AFP via Getty Images
    US stock futures rallied Thursday despite inflation hitting a 13-year high and the Fed moving toward tapering.
    Investors' focus was on third-quarter earnings, with a slew of big banks due to report on Thursday.
    Elsewhere, oil prices continued to rise as the IEA said the energy crisis could add 500,000 barrels a day to demand.
    US stock futures rose Thursday as earnings season picked up pace, even after inflation climbed and the Federal Reserve edged closer to cutting back its support for...
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