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Dollar dips as commodity currencies gain on recovery hopes

TOKYO (Reuters) - The U.S. dollar fell against the Antipodean currencies and the British pound after surprising improvement in U.S. labour market data bolstered expectations for economic recovery, which reduced safe-harbour demand for the greenback.

Fed Debates Whether to Reinforce Low-Rate Pledge with Yield Caps

To stimulate the economy in the past decade with interest rates pinned near zero, the Federal Reserve made promises about how long they would remain low. Now, Fed officials are thinking hard about a new tool that would reinforce such promises by ...

The US government's supply of the only proven Covid-19 drug runs out at the end of the month

CNN

CNN

(CNN) The US government's current supply of remdesivir, the only drug known to work against Covid-19, will run out at the end of the month, Dr. Robert Kadlec, a US Department of Health and Human Services official, told CNN. The government's last ...

Oil prices extend gains on OPEC+ cuts, record China imports

SINGAPORE (Reuters) - Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May. FILE PHOTO: A worker at an oil field owned by Bashneft, ...

Oil prices inch higher, one-month supply cut extension falls short of market hopes

SINGAPORE (Reuters) - Oil crept higher on Monday, but gave up big early gains as optimism over major crude producers' deal to extend record output cuts gave way to disappointment that the accord didn't extend beyond the end of July. FILE PHOTO: A ...

Investors' Love of Tech Drives Booming Market Rally

Individual investors are pouring money into popular technology stocks, contributing to a booming rally that is leading major indexes higher even as economic uncertainty related to the coronavirus lingers. The faith investors have in fast-growing tech firms and ...

The Most Frequently Asked Questions About Unemployment Benefits In California

Forbes

Forbes

By Richard Harroch. Laid-off workers, independent contractors, gig workers, freelancers, and self-employed individuals may be eligible to receive unemployment benefits from the Employment Development Department (EDD) of the State of California.

Reggie Bonnafon's relentless work to give back to Louisville amid a time of change

Charlotte Observer

Charlotte Observer

Notification after notification have come up asking for change. After years of reminders being pushed down and recirculated, Reggie Bonnafon knows the time for an update is now. In his hometown of Louisville, the Panthers running back is well known among ...

Asia stocks mostly rise as US jobs data bounces unexpectedly; oil prices up after OPEC+ output cut extension

CNBC

CNBC

Stocks in Asia were mostly higher in Monday afternoon trade. Investors watched for reaction to Friday's U.S. jobs print, where the Labor Department said the economy stateside added 2.5 million jobs in May, a record. Oil prices recovered from an earlier slip to ...

Some Economists Question Strength of China's Labor Market

Official statistics suggest the unemployment rate has barely ticked up since the start of the pandemic, but the data fail to account for large parts of the population. A migrant worker takes a nap as he waits to be employed at a building materials market in Beijing.