_{US NEWS}

​U.S. Jobless Claims Hit 8-Month High, Signaling Labor Market Strain

New U.S. jobless claims rose to 247,000 last week—surpassing expectations and marking the highest level since October 2024. The largest increases were seen in Kentucky and Minnesota, while Michigan and Florida reported declines.

Continuing claims remained above 1.9 million for the second consecutive week, underscoring persistent challenges in the labor market. Notably, the Deep Tristate region experienced its highest number of claims since December 2021.

The data points to growing economic strain, even as debates over federal spending continue to swirl in Washington. Read More.

_{FINANCIAL NEWS}

U.S. Dollar Posts Weakest Start to Year Ever—And the Slide May Not Be Over

The U.S. dollar has suffered its worst start to a year on record, as global investors and Wall Street strategists begin reassessing their reliance on the greenback. Despite a rebound in U.S. stocks following April’s tariff-driven turmoil, the dollar has continued to decline.

Analysts attribute the dollar’s slump to President Trump’s aggressive trade policies and tariff strategy, which have triggered a broader reevaluation of the dollar’s dominance in global trade and investment portfolios. After years of strength, the greenback’s status as a safe-haven currency is being questioned—and many believe the downward trend could accelerate. Read Now.