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By Staff Reporters
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COVID-19: The White House said it will end the reimbursement program, which was set up in March 2020 under then-President Trump, because it has exhausted its funding. Money from the program went toward paying hospitals and other health care providers for the treatment, testing and vaccination of those without insurance, regardless of immigration status.
STOCKS: US stocks moved higher recovering from Wednesday’s sell-off, after weekly jobless claims fell to their lowest level in 52 years.
JOBS: Jobless claims fell to 187,000 last week, down 28,000 from the previous week and ahead of economist’s estimates of 210,000. Filings hit the lowest level since September 1969, highlighting the underlying strength of a job market that is still recovering from the COVID-19 pandemic.
COMMODITIES: Meanwhile, commodity prices cooled with oil prices falling more than 2%. The drop in oil came on the same day President Joe Biden traveled to Europe to meet with other Western countries regarding the ongoing invasion of Ukraine by Russia, and called for Russia to be removed from G20.
Lapsus$: Cybersecurity experts tracked down the group’s alleged ringleader, a 16 year old, in Oxford, England, who reportedly amassed $14 million from his after-school hacking job. Lapsus$ targeted companies like Microsoft, Nvidia, and Okta.
CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Alerts Sign-Up, Investing | Tagged: commodities, Covid-19, economy, jobless claims, jobs, Lapsus$, oil, Russia, US stocks |
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