Economic News Category

U.S. weekly jobless claims are at their lowest since 1969 amid labor market pressures   The number of Americans filing new unemployment claims fell to the lowest level in 52 years last week as labor market conditions continue to deteriorate due to a severe labor shortage. The drop reported by the Labor Department in Thursday’s

Apple wins delay in Monopoly case, allowing App Store rules to remain in place for now As part of an antitrust dispute between a technology company and Epic Games Inc, Apple Inc. won a grace from the US Court of Appeals on Wednesday by making changes to the App Store ordered by a federal judge.

House prices rise to highest in 15 year Home prices rose 3.4% in the three months to the end of November, the biggest increase since the end of 2006, and 8.2% in one year. The average real estate price in the UK broke a new record at £272,992 in November, mortgage lenders said.  However, he

Hong Kong and Japanese shares upward thrust above 1% after Wall Street rally on COVID-19 new variant optimism Stocks in the Asia Pacific region rebounded on Tuesday and recovered from Monday’s losses as Wall Street raised optimism that the risks of Omicron options may not be as severe as they feared. Shares in Hong Kong’s

Saudi oil prices surged by more than $1 a barrel Oil raised more than $1 a barrel on Monday as key exporter Saudi Arabia raised the price of crude it sells to Asia and the US and indirect talks to resume a nuclear deal with Iran appeared to have stalled. 4,444 February Brent futures were