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Staggering jobless claims persist; global deaths near 450,000

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Even as businesses and borders slowly reopen, global economies continue to feel the effects of coronavirus shutdowns. Another 1.5 million Americans filed for initial unemployment benefits last week, according to data released Thursday, notching the 13th consecutive week above 1 million claims. The Bank of England on Thursday announced an additional £100 billion ($124.5 billion) for its bond-buying effort to shore up the U.K. economy, but declined to take interest rates into negative territory as some investors had hoped. 

Meanwhile, Covid-19 cases continue to surge throughout the American South and West, leading some state officials to rethink reopening strategies. Arizona Gov. Doug…



Source cnbc.com

U.S. weekly jobless claims total 1.5M, vs 1.3 M estimate

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