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Category Archives for "Finance News"

ECB Raises Interest Rates Despite Market Fears

The European Central Bank (ECB) on Thursday raised interest rates by a half percentage point to 3 percent, sticking to its previous guidance even as fears of a new financial crisis roiled markets in recent days.[0] The decision came as the central bank acknowledged inflation is projected to remain too high for too long.[1] In […]

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U.S. Jobless Claims Increase Unexpectedly, But Job Market Remains Tight

The US Department of Labor reported on Thursday that initial jobless claims rose to 211,000 in the week ending March 4, a 21,000-increase from the previous week’s unrevised level of 190,000.[0] This marks the highest level since November 2021 and the largest increase in five months.[1] Continuing claims, which include people who have received unemployment […]

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