Category archives for: Business News

U.S. Jobless Claims Reach Lowest Mark in Five Years

The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring. The Labor Department said weekly unemployment benefit applications dropped 5,000 to a seasonally adjusted 330,000. That’s the fewest since January 2008. The four-week average, a less [...]

Stock Market’s Sharp Swings Grow More Frequent

The stock market just can’t seem to make up its mind. Paul Taggart/Bloomberg News A trader at the New York Stock Exchange last week, where significant swings were seen almost every day. Day after day, stocks swing sharply by hundreds of points. Last week they tumbled 3 percent in the first 90 minutes of trading [...]

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