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US weekly jobless claims rose to 248,000 in the week ended February 12th, an increase of 23,000 from the previous weeks revised level of 225,000, the Labor Department reported on Thursday. The Labor Department said the less volatile four-week moving average dipped to 243,250, a decrease of 10,500 from the previous weeks revised average of 253,750. The report showed continuing claims, a reading on the […]

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US housing starts tumbled by 4.1 percent to an annual rate of 1.638 million in January after inching up by 0.3 percent to a revised rate of 1.708 million in December, the Commerce Department reported on Thursday. The much bigger than expected decrease came after housing starts reached their highest annual rate since last March in December. Single-family housing starts led the way lower, plunging […]

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SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 14 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Friday after an exchange of fire in eastern Ukraine and renewed U.S. warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend. US stocks slumped Thursday […]

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