2,123,000 Jobless Claims Last Week, Down 323,000 From Previous Week

2,123,000 Jobless Claims Last Week, Down 323,000 From Previous Week

Washington, DC…The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week’s […]

Counties Statewide Can Reopen Places of Worship for Religious Services and Retail Stores

Counties Statewide Can Reopen Places of Worship for Religious Services and Retail Stores

Sacramento, CA…The California Department of Public Health today announced the statewide reopening of places of worship for religious services and in-store retail shopping. Modifications are required to keep Californians safe and limit the spread of COVID-19. Subject to approval by county public health departments, all retail stores can reopen for in-store shopping under previously issued […]

President Trump in Meeting on Opportunity Zones

President Trump in Meeting on Opportunity Zones

Washington, DC…Okay. Thank you very much. We’re here talking about Opportunity Zones and other things having to do with economic development and also the inner cities. And Tim Scott — Senator Tim Scott of South Carolina has been with us on Opportunity Zones from day one. He first approached me and he mentioned it, and […]

Telsa Files Lawsuit in Federal Court in Battle to Restart Production

Telsa Files Lawsuit in Federal Court in Battle to Restart Production

Palo Alto, CA…Tesla released the following yesterday on their reopening efforts and lawsuit filed…”Tesla is the last major carmaker remaining in California, and the largest manufacturing employer in the State with more than 10,000 employees at our Fremont factory and 20,000 statewide. We understand the impacts COVID-19 has caused and have a responsibility to look […]

Musk Threatens to Move Tesla out of California after County Blocks Plant Reopening

Musk Threatens to Move Tesla out of California after County Blocks Plant Reopening

Fremont, CA…Elon Musk on Twitter this morning…”Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant “Interim Health Officer” of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense! Photo By Steve Jurvetson Frankly, this is the final straw. Tesla will now move its […]

Governor Newsom Releases Updated Business Reopening Guidance

Governor Newsom Releases Updated Business Reopening Guidance

Sacramento, CA…Guidance will help drive reopening for some sectors – including retail, manufacturing and logistics – with modifications, beginning Friday, May 8. Regional variance allows for counties to move further into Stage 2 when they attest to meeting certain criteria. Following up on the state’s announcement that it will begin modifying the stay at home […]

The Fed Keeps Rates Near Zero, Will Use All Tools in Toolbox on Economy

The Fed Keeps Rates Near Zero, Will Use All Tools in Toolbox on Economy

Washington, DC…The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.  The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken […]

NIH Clinical Trial Shows Remdesivir Accelerates Recovery from Advanced COVID-19

NIH Clinical Trial Shows Remdesivir Accelerates Recovery from Advanced COVID-19

Bethesda, MD…Hospitalized patients with advanced COVID-19 and lung involvement who received remdesivir recovered faster than similar patients who received placebo, according to a preliminary data analysis from a randomized, controlled trial involving 1063 patients, which began on February 21. The trial (known as the Adaptive COVID-19 Treatment Trial, or ACTT), sponsored by the National Institute […]

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