The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though claims remain at a historically high level.
Federal Reserve Chairman Jerome Powell has told Congress that the central bank will not begin raising interest rates until it believes its goals on maximum employment and inflation have been reached.
Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Facebook says it will lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism.
