Rep. Pramila Jayapal, leading progressive congresswoman, endorses Bernie Sanders for president

Rep. Pramila Jayapal (D-Wash.), a co-chair of the Congressional Progressive Caucus and one of the most prominent women of color in Congress, is endorsing Sen. Bernie Sanders for president. Jayapal, the lead sponsor of the House “Medicare for All” bill, has been courted by both candidates for an endorsement. “Bernie has the bold passion, authenticity & clarity that working people across this country desperately need,” Jayapal wrote on Twitter. “We are building the progressive movement that will b


Rep. Pramila Jayapal (D-Wash.), a co-chair of the Congressional Progressive Caucus and one of the most prominent women of color in Congress, is endorsing Sen. Bernie Sanders for president.
Jayapal, the lead sponsor of the House “Medicare for All” bill, has been courted by both candidates for an endorsement.
“Bernie has the bold passion, authenticity & clarity that working people across this country desperately need,” Jayapal wrote on Twitter.
“We are building the progressive movement that will b
Rep. Pramila Jayapal, leading progressive congresswoman, endorses Bernie Sanders for president Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-19  Authors: emma newburger
Keywords: news, cnbc, companies, rep, jayapal, wrote, congresswoman, endorses, bernie, president, working, pramila, sen, sanders, iowa, leading, progressive, women, warren, weeks


Rep. Pramila Jayapal, leading progressive congresswoman, endorses Bernie Sanders for president

Rep. Pramila Jayapal (D-Wash.), a co-chair of the Congressional Progressive Caucus and one of the most prominent women of color in Congress, is endorsing Sen. Bernie Sanders for president.

Her choice could bolster Sander’s strength on the left and give him an advantage over his opponent Sen. Elizabeth Warren in the closing weeks before the first nominating contest in Iowa on February 3. Jayapal, the lead sponsor of the House “Medicare for All” bill, has been courted by both candidates for an endorsement.

“Bernie has the bold passion, authenticity & clarity that working people across this country desperately need,” Jayapal wrote on Twitter. “We are building the progressive movement that will bring justice & opportunity & transform our country.”

Jayapal will join Sanders for a rally in Des Moines, Iowa on Monday to unveil her endorsement.


Company: cnbc, Activity: cnbc, Date: 2020-01-19  Authors: emma newburger
Keywords: news, cnbc, companies, rep, jayapal, wrote, congresswoman, endorses, bernie, president, working, pramila, sen, sanders, iowa, leading, progressive, women, warren, weeks


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This Japanese politician’s 2 weeks of paternity leave is dividing the public

The decision by a Japanese politician to take paternity leave has been heralded as a major milestone for a culture stymied by deep-seated gender imbalance and extreme working hours. Japan’s environment minister Shinjiro Koizumi announced Wednesday that he will be taking two weeks leave, spread over three months, following the birth of his first child later this month. “I hope my taking paternity leave will lead the way of working styles to one where everyone can easily take child-care leave with


The decision by a Japanese politician to take paternity leave has been heralded as a major milestone for a culture stymied by deep-seated gender imbalance and extreme working hours.
Japan’s environment minister Shinjiro Koizumi announced Wednesday that he will be taking two weeks leave, spread over three months, following the birth of his first child later this month.
“I hope my taking paternity leave will lead the way of working styles to one where everyone can easily take child-care leave with
This Japanese politician’s 2 weeks of paternity leave is dividing the public Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: karen gilchrist
Keywords: news, cnbc, companies, minister, taking, politicians, took, japanese, paternity, sector, men, public, leave, weeks, working, dividing, major


This Japanese politician's 2 weeks of paternity leave is dividing the public

The decision by a Japanese politician to take paternity leave has been heralded as a major milestone for a culture stymied by deep-seated gender imbalance and extreme working hours.

Japan’s environment minister Shinjiro Koizumi announced Wednesday that he will be taking two weeks leave, spread over three months, following the birth of his first child later this month.

The 38-year-old, who has been touted as a possible future prime minister, said he hoped the move would encourage other fathers to feel comfortable taking time off to care for their new families.

“I hope my taking paternity leave will lead the way of working styles to one where everyone can easily take child-care leave without hesitation in the environment ministry,” Koizumi said in a meeting with his staff on Wednesday.

Many commentators quickly took to social media to hail the move, while others claimed it does not go far enough.

Japan has some of the most generous paternal leave policies in the world. Both men and women are entitled to take up to one year’s partially paid leave — or longer if there is no public child care locally available.

Yet uptake among men is incredibly low. According to government statistics, just over 6% of eligible men working in the private sector took paternity leave in 2018, versus 82% percent of women.

That level is slightly higher among new fathers working in the public sector at 21%, but still well below other major economies like the U.K. and Brazil.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: karen gilchrist
Keywords: news, cnbc, companies, minister, taking, politicians, took, japanese, paternity, sector, men, public, leave, weeks, working, dividing, major


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Elizabeth Warren says her plan to eliminate student loan debt can bypass Congress

Presidential contender Sen. Elizabeth Warren said on Tuesday that she would begin to forgive student loan debt on the first day of her administration, using legal tools that would allow her to bypass Congress. That bill, introduced with Rep. James Clyburn, D-S.C., would forgive up to $50,000 in student debt for individuals with household incomes under $100,000. But Warren wrote in her plan on Tuesday that the U.S. Education Department already has authority to cancel student debt, “and we can’t a


Presidential contender Sen. Elizabeth Warren said on Tuesday that she would begin to forgive student loan debt on the first day of her administration, using legal tools that would allow her to bypass Congress.
That bill, introduced with Rep. James Clyburn, D-S.C., would forgive up to $50,000 in student debt for individuals with household incomes under $100,000.
But Warren wrote in her plan on Tuesday that the U.S. Education Department already has authority to cancel student debt, “and we can’t a
Elizabeth Warren says her plan to eliminate student loan debt can bypass Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: tucker higgins annie nova, tucker higgins, annie nova
Keywords: news, cnbc, companies, states, eliminate, elizabeth, iowa, weeks, bypass, debt, loan, hampshire, congress, wrote, student, warren, plan


Elizabeth Warren says her plan to eliminate student loan debt can bypass Congress

Presidential contender Sen. Elizabeth Warren said on Tuesday that she would begin to forgive student loan debt on the first day of her administration, using legal tools that would allow her to bypass Congress.

The announcement, which comes just weeks before voting begins in the first primary and caucus states, adds urgency to legislation she introduced over the summer to cancel the bulk of the nation’s outstanding student loan debt.

That bill, introduced with Rep. James Clyburn, D-S.C., would forgive up to $50,000 in student debt for individuals with household incomes under $100,000. But Warren wrote in her plan on Tuesday that the U.S. Education Department already has authority to cancel student debt, “and we can’t afford to wait for Congress to act.”

“I will start to use existing laws on day one of my presidency to implement my student loan debt cancellation plan that offers relief to 42 million Americans — in addition to using all available tools to address racial disparities in higher education, crack down on for-profit institutions, and eliminate predatory lending,” she wrote in the plan.

Warren is fighting to make a splash in the Iowa and New Hampshire contests early next month. The Massachusetts progressive has slipped in state polls in recent weeks, and is now behind former Vice President Joe Biden and Sen. Bernie Sanders, I-Vt., in both states. She also trails Pete Buttigieg, the former mayor of South Bend, Indiana, in Iowa.

Americans hold more than $1.5 trillion in student debt, and the problem is particularly acute in Iowa and New Hampshire. More than 60% of new graduates in Iowa and 76% of those in New Hampshire have outstanding student debt, according to The Institute for College Access & Success. And recent graduates in those states also carry higher balances than the national average of around $30,000.

Warren’s plan to eliminate student debt goes further than the proposals put forth by Biden or Buttigieg but stops short of Sanders’s call to erase student debt entirely.

Alongside the new plan, Warren released a letter written to her by three legal experts who vouched for the legality of a president cancelling student debt through executive action. The experts, based at the Project on Predatory Student Lending at Harvard Law School, described such a move as “lawful and permissible.”


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: tucker higgins annie nova, tucker higgins, annie nova
Keywords: news, cnbc, companies, states, eliminate, elizabeth, iowa, weeks, bypass, debt, loan, hampshire, congress, wrote, student, warren, plan


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What ‘Jeopardy!’ host Alex Trebek plans to do when he eventually retires

But Trebek, 79, has no plans to retire “in the near future,” he said in a panel for the Television Critics Association winter press tour Wednesday. “Drink,” Trebek joked on Wednesday during the winter press tour. “No, I’ll work around the house,” he said. Trebek is scheduled to host the show until 2022, according to the New York Times. As someone who’s worked as a game show host for more than 50 years, naturally Trebek has thought about retirement.


But Trebek, 79, has no plans to retire “in the near future,” he said in a panel for the Television Critics Association winter press tour Wednesday.
“Drink,” Trebek joked on Wednesday during the winter press tour.
“No, I’ll work around the house,” he said.
Trebek is scheduled to host the show until 2022, according to the New York Times.
As someone who’s worked as a game show host for more than 50 years, naturally Trebek has thought about retirement.
What ‘Jeopardy!’ host Alex Trebek plans to do when he eventually retires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: cory stieg
Keywords: news, cnbc, companies, alex, weeks, work, retire, press, notice, trebek, eventually, plans, retires, worked, ill, television, jeopardy, winter, host


What 'Jeopardy!' host Alex Trebek plans to do when he eventually retires

Alex Trebek has hosted ABC’s “Jeopardy!” since the network premiered it in 1984, totaling almost 8,000 episodes, according to the show’s website. But Trebek, 79, has no plans to retire “in the near future,” he said in a panel for the Television Critics Association winter press tour Wednesday.

Still, when he does retire, what will he do?

“Drink,” Trebek joked on Wednesday during the winter press tour.

“No, I’ll work around the house,” he said.

Growing up, Trebek learned about construction from his uncles who worked in the business, he said on an episode of the podcast “A Lot To Learn With Austin Rogers.” Now, his hobby is taking on home improvement projects, and he recently remodeled his wife Jean’s bathroom.

“If I can do it, I’ll do it,” he said about his handyman skills.

In March, Trebek announced he was diagnosed with stage 4 pancreatic cancer, which has a five-year survival rate of just 9%. He went through treatment including multiple rounds of chemotherapy.

But Trebek has said in the past that he wants to work until his hosting skills significantly diminish. He worries about his speech and ability to enunciate properly, he told CTV’s “W5” in October 2019. “I notice those things. And I’m sure there are observant members of the television audience who notice also,” he said.

“Some weeks are good, some weeks are bad, but it comes with the territory,” Trebek said in January.

Trebek is scheduled to host the show until 2022, according to the New York Times.

As someone who’s worked as a game show host for more than 50 years, naturally Trebek has thought about retirement.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: cory stieg
Keywords: news, cnbc, companies, alex, weeks, work, retire, press, notice, trebek, eventually, plans, retires, worked, ill, television, jeopardy, winter, host


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India’s top court says indefinite Kashmir internet shutdown unwarranted

India’s Supreme Court said on Friday that the indefinite shutdown of the internet in Kashmir was unwarranted, rebuking the government for the communications lockdown imposed after it withdrew the Muslim majority region’s autonomy in August. The court said the indefinite suspension violated India’s telecoms rules, and ordered authorities in Kashmir to review all curbs in a week’s time. “Freedom of Internet access is a fundamental right,” Supreme Court justice N. V. Ramana said, delivering the rul


India’s Supreme Court said on Friday that the indefinite shutdown of the internet in Kashmir was unwarranted, rebuking the government for the communications lockdown imposed after it withdrew the Muslim majority region’s autonomy in August.
The court said the indefinite suspension violated India’s telecoms rules, and ordered authorities in Kashmir to review all curbs in a week’s time.
“Freedom of Internet access is a fundamental right,” Supreme Court justice N. V. Ramana said, delivering the rul
India’s top court says indefinite Kashmir internet shutdown unwarranted Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10
Keywords: news, cnbc, companies, supreme, shutdown, court, connections, mobile, indefinite, kashmir, unwarranted, indias, internet, withdrew, weeks


India's top court says indefinite Kashmir internet shutdown unwarranted

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India.

India’s Supreme Court said on Friday that the indefinite shutdown of the internet in Kashmir was unwarranted, rebuking the government for the communications lockdown imposed after it withdrew the Muslim majority region’s autonomy in August.

The court said the indefinite suspension violated India’s telecoms rules, and ordered authorities in Kashmir to review all curbs in a week’s time.

“Freedom of Internet access is a fundamental right,” Supreme Court justice N. V. Ramana said, delivering the ruling.

As a security measure to prevent the spread of dissent in Kashmir, the government snapped all public telecommunications connections including mobile phones and internet, arguing it was essential to maintain calm.

Although some mobile phone connections have since been restored, the internet shutdown is still in place in parts of the Himalayan region, which is also claimed by Pakistan.

The loss of internet has been severely disrupted the lives of around seven million people in the Kashmir valley, impacting everything from college admissions to businesses filing tax returns.

“The court also said the freedom of press is impacted by the shutdown,” Vrinda Grover, an advocate representing petitioners, which include journalists and civil society members.

“It is an abuse of power.”


Company: cnbc, Activity: cnbc, Date: 2020-01-10
Keywords: news, cnbc, companies, supreme, shutdown, court, connections, mobile, indefinite, kashmir, unwarranted, indias, internet, withdrew, weeks


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Here’s what happened to the stock market on Thursday

The decreasing tensions between Iran and the U.S. allowed stocks to resume the bullish trajectory they’ve taken for the better part of a year. They also allowed investors to turn their attention to strong employment data. The Labor Department said Thursday weekly jobless claims fell by 9,000 to 214,000. Wall Street was also feeling optimistic about next week’s signing of the “Phase One” U.S.-China trade deal. Barring another flare-up between Iran and the U.S., stocks could continue to rip higher


The decreasing tensions between Iran and the U.S. allowed stocks to resume the bullish trajectory they’ve taken for the better part of a year.
They also allowed investors to turn their attention to strong employment data.
The Labor Department said Thursday weekly jobless claims fell by 9,000 to 214,000.
Wall Street was also feeling optimistic about next week’s signing of the “Phase One” U.S.-China trade deal.
Barring another flare-up between Iran and the U.S., stocks could continue to rip higher
Here’s what happened to the stock market on Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: fred imbert
Keywords: news, cnbc, companies, allowed, trajectory, trade, turn, stocks, weekly, uschina, happened, stock, market, heres, iran, wall, weeks


Here's what happened to the stock market on Thursday

The decreasing tensions between Iran and the U.S. allowed stocks to resume the bullish trajectory they’ve taken for the better part of a year. They also allowed investors to turn their attention to strong employment data. The Labor Department said Thursday weekly jobless claims fell by 9,000 to 214,000. Wall Street was also feeling optimistic about next week’s signing of the “Phase One” U.S.-China trade deal. Barring another flare-up between Iran and the U.S., stocks could continue to rip higher into record territory.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: fred imbert
Keywords: news, cnbc, companies, allowed, trajectory, trade, turn, stocks, weekly, uschina, happened, stock, market, heres, iran, wall, weeks


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Impeachment trial could be ‘big blow’ to my campaign, Cory Booker says

Sen. Cory Booker said a looming impeachment trial and other pressing issues in Washington could deal a “big, big blow” to his Democratic presidential campaign by keeping him away from Iowa in the final weeks before the Feb. 3 caucuses. “It’s going to be a challenging four weeks in the caucus for us,” Booker said in an interview on The Associated Press’ “Ground Game” podcast. “If this trial lasts two weeks, that is literally dozens of events we won’t be able to do,” Booker said. Booker said he al


Sen. Cory Booker said a looming impeachment trial and other pressing issues in Washington could deal a “big, big blow” to his Democratic presidential campaign by keeping him away from Iowa in the final weeks before the Feb. 3 caucuses.
“It’s going to be a challenging four weeks in the caucus for us,” Booker said in an interview on The Associated Press’ “Ground Game” podcast.
“If this trial lasts two weeks, that is literally dozens of events we won’t be able to do,” Booker said.
Booker said he al
Impeachment trial could be ‘big blow’ to my campaign, Cory Booker says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, campaign, impeachment, booker, dawson, weeks, candidates, washington, trial, big, blow, democratic, cory, iowa, money


Impeachment trial could be 'big blow' to my campaign, Cory Booker says

Democratic presidential candidate Senator Cory Booker (D-NJ) responds to a question during a forum held by gun safety organizations the Giffords group and March For Our Lives in Las Vegas, Nevada, October 2, 2019.

Sen. Cory Booker said a looming impeachment trial and other pressing issues in Washington could deal a “big, big blow” to his Democratic presidential campaign by keeping him away from Iowa in the final weeks before the Feb. 3 caucuses.

Booker is one of five senators running for the Democratic nomination who face the prospect of spending the lead-up to the first-in-the-nation caucuses in the Senate chamber as jurors in President Donald Trump’s trial instead of barnstorming Iowa. The challenge for Booker is particularly acute, given that he has struggled to break into the top tier of candidates and needs a strong showing in Iowa to keep his campaign going.

“It’s going to be a challenging four weeks in the caucus for us,” Booker said in an interview on The Associated Press’ “Ground Game” podcast. “If we can’t raise more money in this final stretch, we won’t be able to do the things that other campaigns with more money can do to show presence.”

The New Jersey senator wouldn’t say how much money his campaign needs to raise to stay competitive in Iowa, including through television advertising, if he’s marooned in Washington during a Senate trial. His campaign has been candid about previous fundraising struggles, announcing in September that he could be forced to end his campaign unless he raised $1.7 million in 10 days. He cleared that bar and stayed in the race.

Yet Booker’s standing remains tenuous. He failed to meet the polling requirements for the last Democratic debate and has not qualified for next week’s faceoff. A poor showing in Iowa, where his campaign has plunged significant resources, would make it difficult for him to continue in the race.

“If our pathway to victory ever closes off, I’m not staying in,” said Booker, who predicted he would “upset expectations in Iowa.”

“Whether that’s one, two, three, four, I don’t know. But we will definitely upset expectations,” he said.

Booker spoke to the AP on Wednesday just after attending an all-Senate briefing with administration officials on the intelligence used to justify last week’s targeted killing of Iranian Gen. Qassem Soleimani. Like most Democratic senators, and a small group of Republicans, Booker said he was unconvinced by the administration’s argument that an imminent threat against Americans justified the killing.

The hastily scheduled briefing prompted Booker to cancel events in Iowa to return to Washington. His schedule for the rest of the month is also in limbo as congressional leaders haggle over how and when to launch the Trump impeachment trial.

“If this trial lasts two weeks, that is literally dozens of events we won’t be able to do,” Booker said.

Other candidates facing the same predicament are Sens. Bernie Sanders, Elizabeth Warren, Amy Klobuchar and Michael Bennet.

Booker has repeatedly sidestepped opportunities to draw sharp contrasts with some of his rival candidates, saying he doesn’t want the party’s eventual nominee to be weakened by the time they face off against Trump in the general election. Booker said he also has genuine friendships with several of the candidates and has bonded with others during the course of the grueling campaign.

He singled out Joe Biden for an assist in his relationship with actress girlfriend Rosario Dawson. Booker said Dawson called the former vice-president one of his “best wingmen” after Biden sang his praises when they met at a recent primary debate.

“A solid to him for being one of the most persuasive arguments that Rosario Dawson should double-down in her relationship with me,” Booker said of Biden.


Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, campaign, impeachment, booker, dawson, weeks, candidates, washington, trial, big, blow, democratic, cory, iowa, money


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France wants a solution for US dispute on digital tax within 15 days

France and the United States have given themselves 15 days to settle a dispute over the taxation of digital companies, French Finance Minister Bruno Le Maire said Tuesday. Both countries have been at odds over a French decision to impose a 3% tax on sales generated by tech firms in the European country. However, the United States has argued that the digital tax unfairly discriminates against U.S. firms, such as Google and Facebook, and has threatened to impose tariffs of up to 100% on French imp


France and the United States have given themselves 15 days to settle a dispute over the taxation of digital companies, French Finance Minister Bruno Le Maire said Tuesday.
Both countries have been at odds over a French decision to impose a 3% tax on sales generated by tech firms in the European country.
However, the United States has argued that the digital tax unfairly discriminates against U.S. firms, such as Google and Facebook, and has threatened to impose tariffs of up to 100% on French imp
France wants a solution for US dispute on digital tax within 15 days Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: silvia amaro
Keywords: news, cnbc, companies, tariffs, wants, solution, french, tech, days, working, digital, dispute, maire, tax, united, taxation, weeks, france


France wants a solution for US dispute on digital tax within 15 days

US President Donald Trump (L) and French President Emmanuel Macron (R) meets ahead of a working lunch, at the US ambassador’s residence, on the sidelines of the NATO (North Atlantic Treaty Organization) summit, in Brussels, on May 25, 2017.

France and the United States have given themselves 15 days to settle a dispute over the taxation of digital companies, French Finance Minister Bruno Le Maire said Tuesday.

Both countries have been at odds over a French decision to impose a 3% tax on sales generated by tech firms in the European country. Paris is of the opinion that tech giants pay too little or no corporate tax where they do not have a large physical presence. However, the United States has argued that the digital tax unfairly discriminates against U.S. firms, such as Google and Facebook, and has threatened to impose tariffs of up to 100% on French imports.

Le Maire spoke with U.S. Treasury Secretary Steven Mnuchin Monday over the phone, with the French minister telling reporters Tuesday they had agreed “to try to find a compromise about digital taxation within the OECD (Organization for Economic Co-operation and Development).”

“We have given ourselves exactly 15 days,” he said.

The French finance chief is due to meet Mnuchin at the World Economic Forum in Davos, Switzerland, at the end of the 15-day deadline.

During this period, France should not be subject to tariffs, Le Maire also said Tuesday. U.S. tariffs could target $2.4 billion of French products, including key exporting goods such as cheese, wine and luxury handbags.

“I think a full agreement is unlikely in the next couple of weeks, even though the OECD has been working on the issue for several months,” Dexter Thillien, a senior industry analyst at Fitch Solutions, told CNBC Tuesday via email.

“However, it’s possible that an overall framework can be agreed and announced at Davos, with the details being finalized over the coming weeks and months,” he added.


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: silvia amaro
Keywords: news, cnbc, companies, tariffs, wants, solution, french, tech, days, working, digital, dispute, maire, tax, united, taxation, weeks, france


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Yen, gold and Treasury bonds jump after Trump’s airstrike on Iran’s top military official

Safe haven assets are on the rise following a U.S. airstrike that has killed one of Iran’s most powerful military leaders. Spot price for gold is testing six-month highs at around $1,546 per ounce, a rise of more than 1% on the session. The U.S. 10-Year Treasury note also shifted suddenly, falling to its lowest yield in almost three weeks at 1.83%. The Pentagon has confirmed that Soleimani was killed early on Friday by a U.S. airstrike on his convoy at Baghdad airport. The general’s death marks


Safe haven assets are on the rise following a U.S. airstrike that has killed one of Iran’s most powerful military leaders.
Spot price for gold is testing six-month highs at around $1,546 per ounce, a rise of more than 1% on the session.
The U.S. 10-Year Treasury note also shifted suddenly, falling to its lowest yield in almost three weeks at 1.83%.
The Pentagon has confirmed that Soleimani was killed early on Friday by a U.S. airstrike on his convoy at Baghdad airport.
The general’s death marks
Yen, gold and Treasury bonds jump after Trump’s airstrike on Iran’s top military official Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: david reid
Keywords: news, cnbc, companies, killed, airstrike, gold, trumps, weeks, soleimani, yield, irans, official, military, yen, uncertainty, jump, bonds, treasury, rise, assets


Yen, gold and Treasury bonds jump after Trump's airstrike on Iran's top military official

Safe haven assets are on the rise following a U.S. airstrike that has killed one of Iran’s most powerful military leaders.

Spot price for gold is testing six-month highs at around $1,546 per ounce, a rise of more than 1% on the session. Silver is higher by almost 1 percent while platinum and palladium have also jumped in value.

The U.S. 10-Year Treasury note also shifted suddenly, falling to its lowest yield in almost three weeks at 1.83%. Unsurprisingly, oil has leapt in value as concern rises over potential supply disruption.

A sudden rush to safer assets came after President Donald Trump ordered a strike on Iran’s General Qasem Soleimani, head of the Iranian Revolutionary Guard’s elite Quds Force.

The Pentagon has confirmed that Soleimani was killed early on Friday by a U.S. airstrike on his convoy at Baghdad airport.

The general’s death marks an escalation in tensions between Tehran and Washington and raises uncertainty over Middle East stability. Iran’s supreme leader, Ayatollah Ali Khamenei has vowed “severe retaliation.”

Japan’s yen, another asset that traders seek in terms of uncertainty, has risen half a percent against the dollar on Friday morning, while the Swiss franc surged to a four-month high versus the U.S.currency.


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: david reid
Keywords: news, cnbc, companies, killed, airstrike, gold, trumps, weeks, soleimani, yield, irans, official, military, yen, uncertainty, jump, bonds, treasury, rise, assets


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US jobless claims edge lower but trend points to uptick in filings

The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher. Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 222,000 for the week ended Dec. 28, the Labor Department said on Thursday. Economists polled by Reuters had expected 225,000 new claims last week. By the end of the latest week, the number of new claims was at its lowes


The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher.
Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 222,000 for the week ended Dec. 28, the Labor Department said on Thursday.
Economists polled by Reuters had expected 225,000 new claims last week.
By the end of the latest week, the number of new claims was at its lowes
US jobless claims edge lower but trend points to uptick in filings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, filings, uptick, trend, jobless, market, labor, number, week, trade, claims, points, lower, benefits, weeks, edge, weakness, unemployment


US jobless claims edge lower but trend points to uptick in filings

The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher.

Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 222,000 for the week ended Dec. 28, the Labor Department said on Thursday.

Economists polled by Reuters had expected 225,000 new claims last week.

While claims have been volatile in recent weeks around the U.S. holiday season and end of the year, longer-term averages point to a slight increase in new claims.

The four-week moving average of initial claims rose by 4,750 to 233,250, the highest level since January 2018.

Still, the underlying trend in claims remains consistent with a labor market that is resisting signs of weakness in other parts of the economy, such as a slowdown in U.S. manufacturing and lackluster business investment. Economists have attributed the weakness to uncertainty around a U.S.-China trade war launched under U.S. President Donald Trump.

In November, the U.S. unemployment rate fell back to 3.5%, the lowest in nearly half a century.

The drop in claims in the latest week unwound a surge in new claims three weeks earlier that appeared to reflect a late Thanksgiving Day this year compared to 2018. By the end of the latest week, the number of new claims was at its lowest since the Nov. 30 week.

Labor market strength is underpinning consumer spending, keeping the economy on a moderate growth path despite headwinds from trade tensions and slowing global growth that have weighed on manufacturing.

Thursday’s claims report also showed the number of people receiving benefits after an initial week of aid rose 5,000 to 1.73 million for the week ended Dec. 21.


Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, filings, uptick, trend, jobless, market, labor, number, week, trade, claims, points, lower, benefits, weeks, edge, weakness, unemployment


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