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US unemployment claims dip to 206,000 as layoffs continue to remain rare
WASHINGTON (AP) — Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 the week before, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week...
Trump pledges $5K 'Trump dividend' if Republicans hold on to Congress
President Trump pledged a $5,000 payout to U.S. adults on Wednesday, but only if Republicans hold on to their majority in Congress come November. "Here is my promise: If the Republicans win the House of Representatives and the United States Senate, both of them … because of our tremendous strength and success economically, I will...
Bond Market Rebuffs Treasury’s $6 Billion Plan to Reduce Borrowing Costs
The 10-year yield rose to its highest level in three years, suggesting investors were underwhelmed by the details of a move to buy back government bonds.
ICE's 'Midway Blitz' operation cost Chicago businesses $1.2 billion: Study
Immigration and Customs Enforcement’s (ICE) Chicago-area operation cost local businesses more than $1.2 billion last year, according to a new study. The study, conducted by researchers at the University of Illinois Chicago’s Great Cities Institute, found that residents of Cook County’s Latino-heavy neighborhoods made “substantially fewer” visits to restaurants and retail businesses in neighborhoods without...
Apple's new foldable phone is $1,999
Apple unveiled its long-awaited foldable phone, dubbed the iPhone Duo, on Wednesday, marking the technology giant's first foldable smartphone. The iPhone Duo will retail at $1,999, the most expensive sticker price to date for an Apple iPhone, and will be available on Oct. 23, Apple announced during its "Sunrise and Shine" launch at its headquarters...
10-year Treasury yields hit multiyear high after buyback increase
The yield on the 10-year U.S. Treasury bond hit a three-year high on Wednesday, after the Treasury Department unveiled plans to triple how much government debt it can buy back. The 10-year bond yield was up more than 2 basis points to more than 4.83 percent, after peaking at more than 4.85 percent earlier in...
iOS 27 is coming soon: Will your Apple device qualify for latest update?
A new free update is coming soon from Apple, but if your device is too old, you may not be getting it.
Treasury to buy $6B in debt, but bond yields rise
The Treasury Department announced Wednesday it will triple the maximum amount of U.S. government debt it can buy back, as part of its effort to tamp down surging bond yields. The Treasury Department will increase its buyback limit from $2 billion to $6 billion per operation, according to its updated buyback operations schedule. The department...
Ford: Duffy criticism over deals with China 'wrongheaded attempt to capture headlines'
Ford Motor Company on Tuesday accused Transportation Secretary Sean Duffy of spreading inaccurate information to drum up public scrutiny after Duffy criticized the automaker's business ties with China. In a letter to the auto company’s chief executive, Jim Farley, Duffy expressed “profound concern” with Ford’s “reliance on technologies of foreign adversaries.” “When a company intentionally...
Trump gave Natalie Harp, other aides $45K gifts: Disclosures
President Trump gifted several White House aides — including longtime assistant Natalie Harp — $45,000 cash gifts, according to financial disclosures released by the Trump administration last week. The payments, which totaled $135,000, were marked as “Cash Gift for Holidays” and attributed to the president on the disclosure forms. Three of Trump’s closest aides —...