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Dems trim jobless benefits, Senate debates virus relief bill

NewsPlexus Media

Mar 5, 2021

Democrats agreed Friday to pare back emergency jobless benefits but extend them for an extra month, bidding to solidify support as the Senate approached a voting marathon on a $1.9 trillion COVID-19 relief bill.

Business News

EXPLAINER: 5 key takeaways from the February jobs report

NewsPlexus Media

Mar 5, 2021

America's job market delivered a surprising burst of strength in February. It lifted hopes that the rollout of viral vaccines, the distribution of federal aid and the increasing willingness and ability of consumers to go out and spend will invigorate the economy as the weather warms up.

Business News

Stocks swerve as economy, yield pressures heat up; tech sinks

NewsPlexus Media

Mar 5, 2021

Stocks are swerving through another rocky ride Friday, as investors struggle to figure out what an encouraging report on the economy and the recent march higher for bond yields should mean for the market.

Business News

Jump in hiring fuels optimism for US economic recovery

NewsPlexus Media

Mar 5, 2021

U.S. employers added a surprisingly robust 379,000 jobs last month in a sign the economy is strengthening as virus cases drop, vaccinations ramp up, Americans spend more and states ease business restrictions.

Business News

Dems trim jobless benefits, Senate debates virus relief bill

NewsPlexus Media

Mar 5, 2021

Business News

Germany gives nuke plant operators $2.9B for early shutdown

NewsPlexus Media

Mar 5, 2021

The German government said Friday it has agreed with four utility companies that they will receive a combined 2.4 billion euros ($2.9 billion) in compensation for the early shutdown of their nuclear power plants.

Business News

US trade deficit up 1.9% in January on record goods imports

NewsPlexus Media

Mar 5, 2021

The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9% higher as the coronavirus pandemic continues to distort global commerce.

Business News

China sets growth target 'over 6%,' tightening HK control

NewsPlexus Media

Mar 5, 2021

China’s No. 2 leader set a healthy economic growth target Friday and vowed to make the nation self-reliant in technology amid tension with the U.S. and Europe over trade and human rights. Another official announced plans to tighten control over Hong Kong by reducing the public's role in government.

Headline Stories

China sets moderate new energy goals for climate change

NewsPlexus Media

Mar 5, 2021

China, the world's biggest emitter of greenhouse gases, announced generally moderate new energy and climate targets on Friday that give little sign that it will step up its pace in combatting climate change.