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unemployment
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Business News

First time unemployment filings hold at 217,000

WASHINGTON (UPI) -- The number of people filing initial claims for unemployment benefits last week reached a seasonally adjusted 217,000, the same as the previous week before an upward revision by the Labor Department, federal officials said Thursday. Officially, the number of claims for the week ending Nov. 4 is a decrease after officials revised the original filing for the week ending Oct. 28 up 3,000 to 220,000. The filings are a snapshot that experts watch for to find clues about […]

todayNovember 9, 2023 42

unemployment
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Business News

Weekly unemployment claims rise slightly

WASHINGTON (UPI) -- Weekly unemployment claims for the week ending Sept. 30 rose to a seasonally adjusted 207,000, the Labor Department reported on Thursday. The total for initial unemployment benefits represented a jump of 2,000 from the previous week, the second straight weekly increase. It, however, remained one of the lowest totals for those making unemployment insurance claims on a weekly basis this year. The weekly total had dropped to 202,000 for the week ending Sept. 16 and an updated 205,000 the following […]

todayOctober 5, 2023 51

Murdoch
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Business News

Murdoch to step down as chair of Fox, News Corp.

NEW YORK (UPI) -- Rupert Murdoch will step down as board chair of Fox and News Corp. and be succeeded by his eldest son, Lachlan Murdoch, the companies announced Thursday. Rupert Murdoch, 92, will step down from the roles effective mid-November at which point Lachlan Murdoch will become the sole chair of both companies. "On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his […]

todaySeptember 21, 2023 67

Federal Reserve Jerome Powell
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Business News

Federal Reserve starts new instant payment system

WASHINGTON (UPI) -- The Federal Reserve said Thursday that its new system for instant payments to financial institutions has gone live. The Fed said that banks and credit unions can start signing up for the system, called the FedNow Service, which will allow for instant money transfers for customers at any time of the day. "The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," Federal Reserve Chair Jerome Powell said in a statement. "Over time, […]

todayJuly 20, 2023 481

Coinbase
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Business & Lifestyle

Coinbase to lay off more than 900 employees

Coinbase, the first crypto exchange to be publicly traded, blamed "market conditions" for its move and said it will incur $149 million to $163 million in restructuring efforts, including severance packages and termination benefits. SAN FRANCISCO (UPI) -- Coinbase, one of the world's top cryptocurrency trading platforms, announced Tuesday it will be laying off more than 900 workers in the face of slowing global interest in digital currencies. The company, the first crypto exchange to be publicly traded, blamed "market conditions" for its […]

todayJanuary 12, 2023 25

Google
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Business & Lifestyle

Google spins off Aalyria telecom project

The Google logo is seen on a ceremonial shovel at the Stonewall National Monument Visitor Center groundbreaking in New York City on June 24. Google announced a new telecom spinoff on Monday. MOUNTAIN VIEW, Calif. (UPI) -- A Google spinoff is reimagining an idea formed during its earliest history to provide high-speed Internet to remote areas. The spinoff company, Aalyria, was unveiled Monday. It comprises of some Google employees who were on the original project, named "Loon." The project was […]

todaySeptember 13, 2022 41

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