Christopher’s Recent Stories
Politics Nov 23AP source: President-elect Joe Biden taps ex-Fed chair Janet Yellen to lead treasury
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
Economy Nov 19Mnuchin rejects renewal of some Federal Reserve emergency loan programs
The central bank said it "would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy.
Economy Nov 19U.S. jobless claims increase to 742,000 as pandemic worsens
The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
Economy Nov 17Federal Reserve Chair Jerome Powell says surge in virus cases threatens U.S. economy
Powell said the threat also means Congress and the White House should provide more stimulus spending to support the unemployed, states and cities, and small businesses, and to keep the economy afloat.
Economy Nov 12709,000 Americans seek jobless aid as pandemic escalates
The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a sign that the job market might be slowly healing.
Economy Oct 29U.S. jobless claims fall to 751,000 as virus resurges
The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
Economy Oct 26As virus resurges, so does fear of more economic pain
With confirmed COVID cases surging across the country, there is the risk that the economy could weaken again as more people choose to hunker down at home — and that even more stimulus might be needed next year than negotiators…
Economy Oct 15U.S. layoffs remain elevated as 898,000 seek jobless aid
The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy's recovery from the pandemic recession that erupted seven months ago.
Economy Oct 08U.S. layoffs remain elevated as 840,000 seek jobless aid
The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.
Economy Oct 06Fed Chair Powell says lack of further stimulus ‘would lead to a weak recovery’
Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday.