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>>

  • Seahawks legend Cortez Kennedy dies at 48

    Tuesday, May 23 2017 1:20 PM EDT2017-05-23 17:20:37 GMT

    KHQ.COM - Seattle Seahawks legend and NFL Hall of Famer, Cortez Kennedy, is dead at the age of 48. TMZ Sports says they confirmed the news with the Orlando Police Department who say "there is nothing suspicious" about his death. The cause of his death is still unknown. Cortez played his entire eleven-season career with the Seattle Seahawks from 1990 - 2001.

    >>

    KHQ.COM - Seattle Seahawks legend and NFL Hall of Famer, Cortez Kennedy, is dead at the age of 48. TMZ Sports says they confirmed the news with the Orlando Police Department who say "there is nothing suspicious" about his death. The cause of his death is still unknown. Cortez played his entire eleven-season career with the Seattle Seahawks from 1990 - 2001.

    >>
  • Spokane Police say missing 10-year-old boy found safe

    Spokane Police say missing 10-year-old boy found safe

    Tuesday, May 23 2017 1:18 PM EDT2017-05-23 17:18:54 GMT

    SPOKANE, Wash. - Update: Spokane Police say 10-year-old Jeremy Clough has been found and is safe as of 11:18 p.m. Monday night. 

    >>

    SPOKANE, Wash. - Update: Spokane Police say 10-year-old Jeremy Clough has been found and is safe as of 11:18 p.m. Monday night. 

    >>
  • Britain raises terror level after concert attack

    Britain raises terror level after concert attack

    Tuesday, May 23 2017 5:14 PM EDT2017-05-23 21:14:24 GMT

    MANCHESTER, England (AP) - Prime Minister Theresa May says Britain's threat level from terrorism has been raised to critical - meaning an attack may be imminent. May says Salman Abadi, the suicide bomber who killed 22 people at a concert in Manchester, may have been part of a bigger network.

    >>

    MANCHESTER, England (AP) - Prime Minister Theresa May says Britain's threat level from terrorism has been raised to critical - meaning an attack may be imminent. May says Salman Abadi, the suicide bomber who killed 22 people at a concert in Manchester, may have been part of a bigger network.

    >>
HD DOPPLER 6i
/