Stocks slide on unexpected rise in jobless claims - Spokane, North Idaho News & Weather KHQ.com

Stocks slide on unexpected rise in jobless claims

  • Also on KHQ.comMore>>

  • Economy grows at 5.7 percent pace

    Economy grows at 5.7 percent pace

    WASHINGTON. - The economy grew for a second straight quarter from October through December, posting a 5.7 percent annual rate, the fastest pace since the third quarter of 2003.>>
    WASHINGTON. - The economy grew for a second straight quarter from October through December, posting a 5.7 percent annual rate, the fastest pace since the third quarter of 2003. The Commerce Department report is the strongest evidence to date that the worst recession since the 1930s ended last year. Meanwhile, wages and benefits were up 1.5 percent, the weakest showing on records that go back to 1982.>>
  • Forecast: Job picture gloomy for rest of year, U.S. faced with record deficit

    Forecast: Job picture gloomy for rest of year, U.S. faced with record deficit

    WASHINGTON. - The day before his State Of The Union speech and his prime time effort to win back lost support, President Obama got a devastating projection on the nation's key issue: the economy.>>
    WASHINGTON. - The day before his State Of The Union speech and his prime time effort to win back lost support, President Obama got a devastating projection on the nation's key issue: the economy. Unemployment will stay at or above 10 percent for the rest of this year and improve only slightly next year.>>

NEW YORK, N.Y. - Stocks are tumbling as disappointing jobless claims numbers have investors worrying about the government's upcoming January jobs report.
     
At the same time, more trouble for debt-strapped European governments is unnerving investors and driving safe haven holdings like the dollar and Treasurys sharply higher.
     
Claims for unemployment benefits rose by 8,000 to 480,000 last week, the Labor Department says. Investors had hoped for a drop.

The report has chilled expectations that the government's January jobs report, due out Friday, will show that employers added workers last month.
     
Meanwhile, retailers are seeing more signs of hope that a spending recovery that began late last year is being sustained.
     
Shoppers in January were buying a little more clothing at mall stores, delivering some solid gains for many retailers.
     
Fourth-quarter profits from last year are also looking brighter.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane chef gets stolen car, knife back

    Spokane chef gets stolen car, knife back

    Saturday, October 21 2017 12:25 AM EDT2017-10-21 04:25:18 GMT

    SPOKANE, Wash. - It's been a tough week for Keegan Jones. Last Friday his Mazda Protege was stolen. Leaving him depending on friends to help get to work. Not only was his car stolen, but something else he relies on for his livelihood.

    >>

    SPOKANE, Wash. - It's been a tough week for Keegan Jones. Last Friday his Mazda Protege was stolen. Leaving him depending on friends to help get to work. Not only was his car stolen, but something else he relies on for his livelihood.

    >>
  • Spokane police investigating body found in dumpster

    Spokane police investigating body found in dumpster

    Friday, October 20 2017 6:54 PM EDT2017-10-20 22:54:15 GMT

    SPOKANE, Wash. - Spokane Police say they are investigating an unattended death after they responded to a report of a deceased woman found in a dumpster of a business in the 2900 block of E. 27th Ave. Friday morning. Spokane Police Officers and Major Crimes Unit (MCU) Detectives responded to the scene for the investigation around 9:30 a.m.

    >>

    SPOKANE, Wash. - Spokane Police say they are investigating an unattended death after they responded to a report of a deceased woman found in a dumpster of a business in the 2900 block of E. 27th Ave. Friday morning. Spokane Police Officers and Major Crimes Unit (MCU) Detectives responded to the scene for the investigation around 9:30 a.m.

    >>
  • Idaho woman arrested following death of 20-month-old child

    Idaho woman arrested following death of 20-month-old child

    Saturday, October 21 2017 5:27 PM EDT2017-10-21 21:27:17 GMT

    TWIN FALLS, Idaho (AP) - Police have arrested a south-central Idaho woman following the death of her 20-month-old child. Authorities arrested 22-year-old Amanda Dunlap of Twin Falls in Boise on Friday and booked her into the Ada County Jail.

    >>

    TWIN FALLS, Idaho (AP) - Police have arrested a south-central Idaho woman following the death of her 20-month-old child. Authorities arrested 22-year-old Amanda Dunlap of Twin Falls in Boise on Friday and booked her into the Ada County Jail.

    >>
HD DOPPLER 6i
/