More Americans filed for unemployment last week

March 30, 2023

First-time jobless claims rose 7,000 to 198,000 last week, according to the Labor Department. The four-week average rose to 198,350, marking the tenth straight week under 200,000.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.