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Last week, the number of Americans filing for unemployment benefits dropped more than expected to the lowest level in 45 years, but the decline is likely exaggerated as the data for several states was estimated.
The initial claims for state unemployment benefits fell 41,000 to a seasonally adjusted 220,000 for the week ending January 13, the lowest level since February 1973, according to the Labor Department on Thursday…Read More Now
THE HERALD FINANCE REPORT
Start your workday the right way with the news that matters most.
Both the indications of a bullish global economy and the gains for Morgan Stanley pushed U.S. stock futures higher on Thursday, the day after the Dow closed above 26,000 for the first time ever.
Morgan Stanley ended earnings season for the large U.S. banks with a better-than-expected profit, driving up its shares 1.43 percent during premarket trading. Over three-quarters of the thirty-six S&P 500 companies that have reported earnings so far have topped estimates, according to data…Read More Now