Stocks close lower, notching third straight weekly loss as tech-led sell-off intensifies

U.S. stock indexes closed lower Friday, notching a third straight weekly loss, amid uncertainty about a fresh round of fiscal stimulus from Washington, concerns about tensions between the U.S. and China, and worries about the sluggish pace of economic recovery. The day’s trading action also marked quadruple witching, which refers to the simultaneous expiration of single-stock […]

California says fraud inflated jobless claims in recent weeks

Scammers appear to have inflated jobless claims numbers in California by the hundreds of thousands in recent weeks, likely making national tallies of Americans on unemployment benefits look even worse than they already were. Between mid-August and the first week of September, applications for Pandemic Unemployment Assistance – a federal relief program intended for self-employed […]