Business News

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits unexpectedly rose last week, though the labor market continues to steadily recover.

Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 351,000 for the week ended Sept. 18, the Labor Department said on Thursday.

Ida, which made landfall in late August, devastated U.S. offshore energy production and knocked off power in Louisiana. One of the most powerful hurricanes ever to

(Fixes typographical error in headline)

By Ahmad Ghaddar

LONDON (Reuters) -Oil prices rose on Tuesday, after sharp losses the previous session, amid tighter U.S. supplies, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande.

gained 70 cents, or 1%, to $74.62 a barrel by 1239 GMT, having fallen by almost 2% on Monday. The

Wall Street is underestimating Foot Locker’s (FL) growth potential in the new athletic retail apparel landscape, according to Quo Vadis President John Zolidis. He sees the company trading 50 percent higher in twelve months from now. I am bullish on this stock.

“The Street is underestimating the benefits from changes in Nike (NYSE:) distribution and the environment post-Covid, and therefore estimates are too low,” he says. “We see upward revisions driving valuation expansion with a potential 50% gain over one year.”

Last month, Foot Locker (NYSE:) reported a net income of $430 million,

By Steve Scherer

MONTREAL (Reuters) -Canadian Prime Minister Justin Trudeau, seeking to carve out a lead ahead of Monday’s election, accused his main rival on Thursday of showing weak leadership in the fight against COVID-19.

Opinion polls show Trudeau’s center-left Liberals effectively tied with the right-of-center Conservatives led by Erin O’Toole and set to fail in their bid to win a parliamentary majority.

Trudeau, 49, noted that

MOSCOW (Reuters) – Alphabet (NASDAQ:)’s Google and Apple (NASDAQ:) have removed jailed Kremlin critic Alexei Navalny’s tactical voting app from their stores, his team said on Friday, after Russia accused the U.S. tech firms of meddling in its internal affairs.

Russia goes to the polls on Friday to elect a new parliament in a three-day vote that the ruling United Russia party is expected to win despite a ratings slump after the biggest crackdown on the

By Michelle Nichols

UNITED NATIONS (Reuters) – The U.N. ambassador representing Afghanistan’s ousted government has asked to remain in the country’s seat at the world body in New York, a U.N. spokesperson said on Friday, setting up a showdown if the Taliban tries to appoint their own envoy.

Ambassador Ghulam Isaczai signed a letter to U.N. Secretary-General Antonio Guterres with a list of