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Breaking news in Jacksonville, Florida from News4JAX and WJXT Channel 4. Jacksonville breaking news, headlines, weather, and sports. Local Jacksonville news and more from The Local Station in Jacksonville, Florida, WJXT - Jacksonville's Channel 4.
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News
US unemployment claims dip to 206,000 as layoffs continue to remain rare
4+ day, 3+ hour ago (257+ words) WASHINGTON – Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 the week before, the Labor Department…...
Wall Street week ahead: The market focuses on key inflation updates
1+ week, 2+ day ago (248+ words) NEW YORK – Wall Street will get several important updates about inflation this week. On Thursday, the U.S. will release its August report for inflation at the wholesale level, called the Producer Price Index, or the PPI. It provides details on…...
Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves
2+ week, 2+ day ago (732+ words) WASHINGTON – President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost. Trump in a…...
Trump moves toward levying new tariff on China for flooding market with cheap goods, AP sources say
2+ week, 6+ day ago (575+ words) WASHINGTON – President Donald Trump is moving toward levying a new tariff on China that would penalize the world’s second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter. The move, if finalized,…...
A trade war between Canada and the US deepens rupture in what had been a close and durable alliance
3+ week, 2+ day ago (1036+ words) TORONTO, ONT – For decades, Canada built much of its prosperity on privileged access to the United States. Now, after the collapse of trade talks, one of the world’s closest and most durable alliances has been fundamentally altered, with both countries…...
Alibaba quarterly profit drops 75% as AI investment spending grows
3+ week, 4+ day ago (317+ words) HONG KONG – China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 45%. The Hong Kong- and U.S....