WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased moderately last week, consistent with gradually easing labor market conditions. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 219,000 for the week ended February 1, the Labor Department said on Thursday. Economists polled by Reuters had forecast 213,000 claims for the latest...

08:00 AM EST, 02/06/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen after hawkish Bank of Japan comments, ahead of the release of weekly jobless claims data and the preliminary productivity report for Q4, both at 8:30 am ET. Weekly natural gas inventory data are due to...

Treasury Secretary Scott Bessent doubled down on Donald Trump‘s administration policy priorities, laying down a bold economic roadmap focused on lowering government spending, cutting regulations, and driving private-sector-led growth. In a Wednesday interview with Fox Business, Bessent indicated that the new administration is prioritizing fiscal discipline and economic expansion. The U.S. doesn't have a revenue problem—it has a spending problem,...

(Reuters) - Auto parts supplier BorgWarner ( BWA ) forecast full-year 2025 revenue and profit below Wall Street estimates on Thursday, on expectations of lower automobile production and a strong U.S. dollar. The Western auto industry is grappling with uncertainty induced by U.S. President Donald Trump's tariffs, a consumer hit by inflation and rising competition from cheap Chinese brands. BorgWarner...