- 1. New jobless claims rise for 1st time since March
- 2. Hearst magazines president resigns after Times report on sexist remarks
- 3. Stock futures point to more losses as tech stocks struggle
- 4. Mnuchin: Next coronavirus relief bill won't include payroll tax cut
- 5. Mall owner Simon teams up with Authentic Brands in bid for Brooks Brothers
1. New jobless claims rise for 1st time since March
The Labor Department reported Thursday that 1.42 million Americans filed new applications for unemployment benefits last week, marking the first increase since March. A week earlier, 1.3 million people filed new jobless claims. Last week's increase was larger than expected, suggesting that the hiring recovery was weakening as coronavirus cases, hospitalizations, and deaths surged, prompting states to slow or reverse the reopening of their economies. The number of new jobless claims had been gradually decreasing every week, although they remained twice as high as in the worst week of the Great Recession. Last week's increase came as the additional $600 a week in unemployment benefits that Congress passed is about to expire, and Republicans in the Senate continue to discuss a possible extension.
2. Hearst magazines president resigns after Times report on sexist remarks
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3. Stock futures point to more losses as tech stocks struggle
4. Mnuchin: Next coronavirus relief bill won't include payroll tax cut
5. Mall owner Simon teams up with Authentic Brands in bid for Brooks Brothers
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