US jobless claims rise to 200,000, layoffs remain near historic lows despite economic pressures – The Times of India

US jobless claims rise to 200,000, layoffs remain near historic lows despite economic pressures – The Times of India

Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…

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Market watch: Asian stocks rally on Fed cut hopes; oil prices dip on demand concerns – The Times of India

Market watch: Asian stocks rally on Fed cut hopes; oil prices dip on demand concerns – The Times of India

Representative image (Picture credit: AP) Asian stock markets climbed strongly on Friday, extending a rally that has lifted Wall Street to fresh records, as investors grew confident the US Federal Reserve will deliver an interest rate cut next week. At the same time, oil prices slipped amid signs of softer demand and rising global supply.The…

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