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The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years
WASHINGTON (AP) — U.S. jobless claim applications jumped to their highest level in almost four years last week, the latest sign that the labor market is softening. The number of Americans filing for unemployment benefits for the week ending Sept. 6 rose 27,000 to 263,000, the Labor Department reported Thursday. That’s the most filings since […]
Korean workers detained in immigration raid bound for Atlanta and flight back home
ATLANTA (AP) — More than 300 South Korean workers detained in an immigration raid at a Georgia battery plant last week headed to Atlanta on Thursday and a flight home. South Korea’s Foreign Ministry confirmed they were due arrive in South Korea late Friday afternoon. The developments came the same day South Korean President Lee Jae Myung called for […]
Wall Street is mixed amid Trump’s new tariff deadlines
Wall Street opens flat as investors digest Trump’s latest tariffs on Japan, South Korea, and others set to begin Aug. 1 despite Monday’s dip.
Trump to put 25% tariffs on Japan and South Korea, new import taxes on 12 other nations
WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1. Trump provided notice by posting letters on Truth Social that were addressed to the leaders of the various […]
The Latest: Stocks plummet as global markets feel the impact of Trump’s tariffs
U.S. stocks careened after President Donald Trump threatened to crank his tariffs higher on Monday. The S&P 500 was down 0.8% in late trading, but only after a day of heart-racing reversals as battered financial markets try to figure out what Trump‘s ultimate goal is for his trade war. If it’s to get other countries to agree to trade deals, […]
$681M subsea cable plant coming to Chesapeake
A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96-acre property located […]
Youngkin to meet with Taiwan’s president
Amid rising tensions with China, Virginia Gov. Glenn Youngkin will meet with Taiwanese President Tsai Ing-wen on his first international trade mission this month. Youngkin will travel to Taipei City, Taiwan; Tokyo; and Seoul, South Korea, from April 24 to April 29, according to a Tuesday news release. “I’m excited to represent the commonwealth in […]
