{
}
Donald Trump campaigned in Michigan, criticizing Kamala Harris and President Joe Biden over a disappointing jobs report that showed only 12,000 jobs added in October, significantly down from September's 223,000. He claimed their policies have harmed the economy, warning that without change, families would struggle to recover. The report's weak performance was attributed to the impacts of hurricanes and strikes affecting employment.
Initial claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 216,000 for the week ending Oct. 26, as the impact of Hurricanes Helene and Milton diminished. The number of people receiving ongoing benefits also decreased by 26,000 to 1.862 million. Despite these fluctuations, the overall labor market remains stable, with planned layoffs dropping 23.7% to 55,597 in October.
The Biden-Harris administration is allocating nearly $2 billion for 38 projects aimed at enhancing the U.S. power grid's resilience against extreme weather, while also boosting the economy. This funding, part of the Grid Resilience and Innovation Partnerships (GRIP) program, will increase grid capacity by over 7.5 gigawatts and support nearly 6,000 jobs. Overall, the GRIP program has announced $7.6 billion in federal funding for 104 projects, expected to enable 55 gigawatts of grid capacity, enough to power over 40 million homes annually.
Hospitals across the U.S. are facing critical shortages of sterile IV solutions, prompting the American Hospital Association to urge the Biden administration to take immediate action, including invoking the Defense Production Act. The shortages, exacerbated by Hurricane Helene's impact on Baxter International's North Carolina facility, have led some health systems to reschedule non-emergency procedures to conserve supplies. The situation is expected to worsen unless federal measures are implemented to increase production and distribution flexibility.
Helene
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Trump criticizes Harris on jobs report during Michigan rally
United States Dollar
The Boeing Company
USA
Kamala Harris
Donald Trump
Milton
Joe Biden
Helene
Show more
17:30 02.11.2024
us jobless claims decline as hurricane effects subside
14:02 31.10.2024
biden administration allocates two billion dollars to enhance us power grid
United States Dollar
USA
Joe Biden
Milton
Harris Administration
Jennifer M. Granholm
Helene
Show more
05:59 23.10.2024
biden administration invokes defense production act to address iv fluid shortage
United States Dollar
Baxter International Inc.
FDA
Department of Health and Human Services
CBS News
Administration for Strategic Preparedness and Response
USA
Richard Pollack
Helene
Joe Biden
Xavier Becerra
Show more
13:00 18.10.2024
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Industry Trends
Global Trade Developments
Stock Market Updates
Industry Mergers & Acquisitions
Private Equity Deals
Supply Chain Management
Government Economic Policies
Retail and Consumer Goods
Fintech Startups
Venture Capital Investments
Inflation and Monetary Impact
Finance Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Central Bank Actions
CEO Changes
Emerging Startups
Crypto Policies and Governance
Countries:
Companies:
Apple Inc.
OLA ELECTRIC MOBILITY LTD
NIO Inc.
Nikkei 225
Delhivery Limited
Ecom Express Ltd.
Google Inc.
Nintendo Co., Ltd.
Grab2Go AS
Eurasia Groupe SA
British International Investment plc
XPeng Inc.
Li Auto Inc.
Morgan Stanley
Taiwan Semiconductor Manufacturing Company Limited
VFS Global AG
LARGAN Precision Co.,Ltd
S&P/ASX 200
HANG SENG BANK
Arazul Sequoia Capital FIM C Priv
Currencies:
United States Dollar
Indian Rupee
Euro
Chinese Yuan
Japanese Yen
United Arab Emirates Dirham
New Taiwan Dollar
Indonesian Rupiah
South Korean Won
Saudi Riyal
Offshore Chinese Yuan
Hong Kong Dollar
Malaysian Ringgit
Filipino Peso
West African CFA Franc
Thai Baht
Mexican Peso
Croatian Kuna
Bahraini Dinar
Egyptian Pound
People: