economy

Jobless claims edge up to highest since January; planned layoffs soar; trade deficit hits 2022 low

A Wendy’s restaurant displays a “Now Hiring” sign in Tampa, Florida, June 1, 2021. Octavio Jones | Reuters Weekly jobless claims nudged higher while the US trade deficit hit its lowest level of the year in May as Covid-related shutdowns gripped China, according to economic data released Thursday. Initial filings for unemployment benefits totaled 235,000 …

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Inflation is causing families to burn through their pandemic savings :: WRAL.com

By Brian Shrader, WRAL anchor/reporter Raleigh, NC — Americans are dipping into their savings to deal with inflation, according to Moody’s Analytics. The Wall Street Journal reported a Moody’s Analysis of government data showing that people have spent about $114 billion of the money saved during the pandemic. Forbes Dixon, an economist who teaches at …

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GameStop jumps in extended trading after announcing 4-for-1 stock split

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the …

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Hot job market and Great Resignation persist despite recession threat

Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to US Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend known as the “Great Resignation” is still in …

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Crypto Broker Voyager Digital Declares Chapter 11 Bankruptcy

photo: Justin Sullivan (Getty Images) like it namesake, Voyager Digital wanted to go where few crypto trading companies have gone before, to truly make crypto “mainstream” with items like debit and credit cards that earn users crypto rewards. Instead of going “to the moon” and beyond, Voyager is taking a parabolic trajectory back down to …

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