Initial unemployment insurance claims last week totaled 793,000 as declining Covid-19 cases barely relieved the job market. The total for the week ending February 6 was above the forecast of 760,000 forecast by economists polled by Dow Jones, but a slight decrease from the previous week’s revised upward of 812,000. The pandemic has put the…

CNBC’s Jim Cramer said Wednesday the United States should fund the development of a chip maker to address both the high unemployment rate in the country and a chip shortage that affects American businesses. More and more companies, including automakers like Ford and General Motors, have recently sounded the alarm about global component shipments, prompting…

Mary Barra, CEO and chairman of GM, speaks during an “EV Day” on March 4, 2020 at the company’s technology and design campus in Warren, Michigan, a suburb of Detroit GM General Motors reported fourth quarter earnings on Wednesday that slightly exceeded Wall Street expectations. However, the company warned that a global shortage of semiconductor…

Jack Dorsey, CEO of Twitter and Square, speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Twitter’s stock rose slightly after close of trading Tuesday after the company reported its fourth quarter earnings as the company beat Wall Street’s…

Treasury bond yields fell Tuesday, ahead of December data on the number of job vacancies in the US, due to be released later that morning. The yield on the benchmark 10-year Treasury note fell to 1.147% at 4:15 a.m. ET, while the yield on the 30-year Treasury note fell to 1.923%. The returns move inversely…

U.S. stocks rose on Monday, building to record levels on a recent rally as investors continued to be bullish on further Covid stimulus and an economic recovery. The Dow Jones Industrial Average rose 237.52 points, or 0.8%, to a record high of 31,385.76. The S&P 500 rose 0.7% to a new closing high of 3,915.59.…

President Xi Jingping. Getty Images WASHINGTON – President Joe Biden said his administration was ready for “extreme competition” with China, but his approach would be different from that of his predecessor. “I will not do it like Trump. We will focus on the international traffic rules,” said Biden in a CBS interview clip that was…

U.S. President-elect Joe Biden attends a briefing to make comments on the U.S. response to the coronavirus disease (COVID-19) outbreak on December 29, 2020 at his headquarters in Wilmington, Delaware. Jonathan Ernst | Reuters WASHINGTON – President Joe Biden said the United States would not offer sanctions relief to lure Iran back to the negotiating…

Bruce Springsteen plays and narrates a two-minute Super Bowl commercial called “The Middle” for Jeep. Screenshot Bruce Springsteen encourages Americans to meet “in the middle” during a Super Bowl LV ad for Jeep – his very first appearance in a commercial. The legendary musician, known as “The Boss”, plays the lead role and narrates the…

U.S. Secretary of State Antony Blinken speaks during a visit by U.S. President Joe Biden to the U.S. Department of State in Washington on February 4, 2021. Tom Brenner | Reuters US Secretary of State Antony Blinken urged China to condemn the military coup in Myanmar and warned Beijing that Washington would work with its…