U.S. jobless claims rise, labor market still tight
WASHINGTON The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market.
U.S. Commerce Secretary Wilbur Ross is expected to announce a new probe into imported aluminum, CNBC reported on Wednesday.
The probe will be similar to the one the White House launched last week regarding steel, CNBC reported, citing an administration official. (cnb.cx/2q8oDQl)
Ross on Tuesday told the Wall Street Journal the Trump administration may undertake trade actions to protect the U.S. semiconductor, shipbuilding and aluminum industries, citing national security concerns.
(Reporting by Subrat Patnaik in Bengaluru; Editing by Sai Sachin Ravikumar)
NEW YORK World stock markets edged higher on Thursday, buoyed by a modest rebound in oil prices after the commodity hit 10-month lows, while the U.S. yield curve managed to stall its recent flattening.