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

Stocks slide on unexpected rise in jobless claims

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    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.

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  • PHOTOS: Westbound I-90 at Ellensburg back open after 16 vehicle crash

    PHOTOS: Westbound I-90 at Ellensburg back open after 16 vehicle crash

    Saturday, February 17 2018 5:23 PM EST2018-02-17 22:23:29 GMT

    CLE ELUM, Wash. - UPDATE: Washington State Department of Transportation says I-90 at Ellensburg is back open following a major crash Saturday morning. Westbound lanes were closed for several hours Saturday. Washington State Patrol urges drivers to use caution as conditions can change quickly.

    >>

    CLE ELUM, Wash. - UPDATE: Washington State Department of Transportation says I-90 at Ellensburg is back open following a major crash Saturday morning. Westbound lanes were closed for several hours Saturday. Washington State Patrol urges drivers to use caution as conditions can change quickly.

    >>
  • Second Bonners Ferry teen found safe in North Dakota

    Second Bonners Ferry teen found safe in North Dakota

    Sunday, February 18 2018 11:10 AM EST2018-02-18 16:10:32 GMT

    BOUNDARY COUNTY, Idaho - UPDATE: The Boundary County Sheriff's Office confirmed Saturday afternoon that Alisa Hannaman has been found and is safe. The sheriff's office says the other girl, 13-year-old Kaia Kramer is still missing as of Saturday afternoon. 

    >>

    BOUNDARY COUNTY, Idaho - UPDATE: The Boundary County Sheriff's Office confirmed Saturday afternoon that Alisa Hannaman has been found and is safe. The sheriff's office says the other girl, 13-year-old Kaia Kramer is still missing as of Saturday afternoon. 

    >>
  • Day care owner pleads guilty to trying to kill toddler

    Day care owner pleads guilty to trying to kill toddler

    Saturday, February 17 2018 10:46 PM EST2018-02-18 03:46:19 GMT

    MINNEAPOLIS (AP) - A Minneapolis day care owner has pleaded guilty to trying to kill a toddler in her home.    Forty-three-year-old Nataliia Karia entered the plea to attempted murder and third-degree assault. She also pleaded guilty to criminal vehicular operation of a vehicle for hitting a pedestrian, a bicyclist and another driver as she fled from her home in a minivan.

    >>

    MINNEAPOLIS (AP) - A Minneapolis day care owner has pleaded guilty to trying to kill a toddler in her home.    Forty-three-year-old Nataliia Karia entered the plea to attempted murder and third-degree assault. She also pleaded guilty to criminal vehicular operation of a vehicle for hitting a pedestrian, a bicyclist and another driver as she fled from her home in a minivan.

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