U.S. first-time unemployment claims fall to one-month low
The numbers: The number of Americans who applied for...
The numbers: The number of Americans who applied for unemployment benefits in early February fell to a one-month low of 212,000 indicating layoffs remain low nationwide despite sharp job cuts at some big businesses such as UPS.
Initial jobless claims slid by 8,000 from 222,000 in the prior week. After the usual ups and downs during the holiday season, new jobless claims appear to have settled in a low 210,000 to 220,000 range.
Businesses are not hiring as much as they were last year, but they are not cutting many jobs, either.
Economists polled by The Wall Street Journal had forecast new claims to total 220,000 in the seven days ending Feb. 10, based on seasonally adjusted figures.
Big picture: The U.S. is still adding jobs and unemployment is extremely low at 3.7%. A robust labor market has helped to fuel steady consumer spending.
EQT Ups Stake in Appalachia Gas Gathering Assets for $205MM
EQT Corp. upped its interest in Appalachia gas gathering systems to close...
EQT Corp. upped its interest in Appalachia gas gathering systems to close out 2023 with incremental M&A—and the E&P is eyeing more acquisition opportunities this year.
Pittsburgh-based EQT agreed with a minority equity partner to acquire its 34% ownership stake in EQT-operated gathering systems for $205 million, the company reported in fourth-quarter earnings.
The deal includes interests in the Seely and Warrensville gathering assets in northeast Pennsylvania, where EQT is one of the largest natural gas producers. EQT has set aside between $200 million and $300 million for opportunistic growth projects in 2024, including leasehold acquisitions and projects in water, midstream, and gathering infrastructure.
Yesterday, Israel launched its biggest round of ...
Yesterday, Israel launched its biggest round of airstrikes on Lebanon since the start of the war in Gaza, killing at least one Hezbollah militant and three civilians. The strikes were in response to a deadly attack by Hezbollah on a town and an army base in Northern Israel. The escalation raised concerns about a wider regional conflict. Meanwhile, Israeli Prime Minister Benjamin Netanyahu refused to send negotiators to Egypt to discuss a cease-fire with Hamas, once again calling the group’s demands of a permanent Israeli retreat from Gaza in exchange for the return of hostages “delusional.”
Markets: Stocks rose yesterday as if to declare “we...
Markets: Stocks rose yesterday as if to declare “we are so back” after they plunged following Tuesday’s unexpectedly hot inflation report. [MORE] Investors hit the gas on Uber when the company revealed it would buy back $7 billion worth of shares in its first-ever repurchase plan.
Rep. Mike Turner, the Ohio Republican who chairs the House Intelligence Committee, said on X that the Biden administration had information about a “serious national security threat” and urged its declassification. The threat reportedly involves a new Russian space-based nuclear weapon.
Elon Musk has filed to switch the incorporation location of SpaceX to Texas as he continues feuding with Delaware following a Chancery Court ruling rejecting his $56 billion Tesla pay package.
Cisco is laying off 5% of employees, around 4,250 people, as tech companies continue to downsize.
Performers who dress as characters at Disneyland want to unionize and join Actors’ Equity. They’re one of the few nonunionized groups of performers who work at Disney’s parks.
The inventor of Pop Tarts, William “Bill” Post—who came up with the tasty treat after executives asked him to figure out a toaster-friendly breakfast—has died at age 96.
Investigators search for answers in deadly mass shooting at Kansas City Chiefs' Super Bowl celebration
Investigators are searching for answers after ...
Investigators are searching for answers after gunfire erupted near the end of the Kansas City Chiefs' Super Bowl celebration on Wednesday, killing one person and injuring at least 21 others.
The mass shooting unfolded outside Union Station in Kansas City, Missouri, as Chiefs fans were leaving a parade and rally for the NFL champions. More than 800 law enforcement officers were on duty in the area, as 1 million paradegoers were expected to attend Wednesday's celebration, according to Kansas City Missouri Mayor Quinton Lucas.
Three suspects were detained and at least one firearm was recovered from the scene, according to the Kansas City, Missouri, Police Department. An investigation into the shooting was ongoing, with the motive unclear.
