Initial jobless claims fell in early August for the first time in three weeks and touched the lowest level since the coronavirus pandemic began more than four months ago, a surprising decline that suggest some improvement in the labor market despite an increase another viral outbreak. New applications for unemployment benefits, a rough gauge of layoffs, sank by 249,000 to 1.19 million. See full story.
The market is underpricing the possibility of a vaccine, Goldman Sachs strategists say
The market is underpricing the possibility of a coronavirus vaccine, according to Goldman Sachs strategists. See full story.
Facebook, Twitter remove Trump posts for making ‘false claims’ about coronavirus
The post was a video clip from a Fox News interview with Trump about reopening schools, in which he wrongly claimed children are “virtually immune” to COVID-19. See full story.
Quicken Loans is going public: 5 things to know about the mortgage lender
Quicken has been the largest mortgage lender in the U.S. since 2018. See full story.
$30 to watch ‘Mulan’ on Disney+ is either outrageous or an amazing deal, depending on who you ask
Many social media users are furious over Disney’s streaming plan for the live-action ‘Mulan’ remake See full story.
‘Part of me doesn’t want to give him a discount since I work so hard and long hours, and he just hangs around being picky about work. Is that wrong of me?’ See full story.