The number of Americans filing new claims for unemployment benefits hovered around 1 million last week, suggesting the labor market recovery was stalling as the COVID-19 pandemic drags on and financial aid from the government dries up.
Walmart did not immediately respond to Reuters request for comment.
Here are five things to know about the Federal Reserve's new strategy for achieving stable prices and maximum employment. The landmark policy shift was announced on Thursday.
CHICAGO: Delta Air Lines has placed about 240 people on a "no fly list' for failing to comply with the airline's face mask policy, Chief Executive Ed Bastian said in a memo to employees on Thursday (Aug 27). There is no US federal mandate on masks in airports or...
MADRID: Wind turbine maker Siemens Gamesa said its profit margins are set to rebound after a slump exacerbated by the pandemic and its onshore unit should break even in 2022, but its short-term targets disappointed financial markets. In its first strategy presentation since Andreas Nauen took ...
REUTERS: Kneron Inc, a semiconductor startup backed by venture capital arms of Qualcomm Inc and Alibaba Group Holding Ltd, on Thursday announced a new chip aimed at handling artificial intelligence functions on battery-powered devices. The San Diego, California-based company said the KL720 chip ...
Amazon.com Inc on Thursday launched a fitness band and app, "Halo", as the e-commerce giant looks to take on Apple, Fitbit and Samsung in an increasingly crowded fitness tracker market.
TikTok Chief Executive Officer Kevin Mayer's exit indicates that a deal, likely a sale to Microsoft, could come in the next 48 hours, CNBC reported on Thursday, citing sources.
Contracts to buy U.S. previously owned homes increased for a third straight month in July as the housing market continues to outperform the broader economy, which has been hammered by the COVID-19 pandemic.
WASHINGTON: The US central bank has shifted policy and now will let inflation rise to allow the economy to produce more jobs for the benefit of all workers, but especially lower income families, Federal Reserve Chair Jerome Powell said on Thursday (Aug 27). The change means inflation can stay...
