NewsWatch: U.S. jobless claims fall in mid-September, but the economy still suffering lots of layoffs

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MARKETWATCH FRONT PAGE

The number of Americans who applied for unemployment benefits through state and federal programs fell in September for the first time in five weeks, but initial jobless claims are still very high and point to ongoing job losses due to the pandemic. See full story.

Trump disputes CDC director on vaccine rollout, blames high coronavirus death toll on ‘blue states’

President Donald Trump discussed his administration’s plan to roll out a COVID-19 vaccine as soon as possible during Wednesday’s coronavirus task force briefing, and disputed earlier comments from CDC Director Dr. Robert Redfield. See full story.

Stock markets have now seen the ‘peak of Fed stimulus’ unless these two things happen

Investors were left disappointed by the Federal Reserve’s action – or lack of – late Wednesday as the central bank failed to indicate any new stimulus. See full story.

Snowflake IPO surge makes it the priciest tech stock by a mile

Snowflake is twice as expensive as Zoom Video, the closest stock, by one important metric after becoming the largest company to ever double its share price in a market debut. See full story.

He went from multibillionaire to relatively broke and living in a small apartment — just like he planned

This week, Chuck Feeney closed his 38-year-old Atlantic Philanthropies, having donated all his cash to such lofty endeavors as bringing peace to Northern Ireland and modernizing Vietnam’s health care system. See full story.

MARKETWATCH PERSONAL FINANCE

‘Even before the COVID–19 pandemic, the United States also faced a historic student loan crisis, which is currently holding back our struggling economy,’ Warren said. See full story.

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