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US weekly jobless claims decline moderately

US weekly jobless claims decline moderately

Reuters  |  Posted Jan 21st - 7:03am

The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses.
New airport COVID-19 testing lets travelers avoid mandatory quarantines

New airport COVID-19 testing lets travelers avoid mandatory quarantines

Jasen Lee, Deseret News  |  Posted Jan 20th - 9:20pm

A new COVID-19 testing service at Salt Lake City International Airport can ensure travelers don't have to stay in lockdown once they reach their destination.
US agency orders Ford to recall 3 million vehicles over air bags

US agency orders Ford to recall 3 million vehicles over air bags

David Shepardson, Reuters  |  Posted Jan 20th - 7:40pm

Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. automaker to avoid a recall.
Utah Senate approves $43 million in tax cuts for retired military, Social Security

Utah Senate approves $43 million in tax cuts for retired military, Social Security

Katie McKellar, Deseret News  |  Posted Jan 20th - 7:11pm

The Utah Senate voted unanimously to pass SB11, a bill that would use about $43 million out of the $80 million already set aside for some form of a tax cut this year to reduce income taxes for Utahns on Social Security and military retirement.
What can officials do to build trust in the COVID-19 vaccine? Messaging matters, Qualtrics study finds

What can officials do to build trust in the COVID-19 vaccine? Messaging matters, Qualtrics study finds

Lauren Bennett, KSL.com  |  Posted Jan 20th - 1:47pm

A recent Qualtrics survey found that when public figures support a vaccine, it raises the likelihood a person is to get it themselves.
Report: Downtown Salt Lake headed for growth despite losing millions in visitor spending from COVID-19

Report: Downtown Salt Lake headed for growth despite losing millions in visitor spending from COVID-19

Lauren Bennett, KSL.com  |  Posted Jan 19th - 7:01pm

Despite setbacks, including a devastating windstorm, an earthquake and a pandemic, downtown Salt Lake City continues to grow, according to data from the Downtown Alliance.
Spend big now, pay down debt later, Biden's Treasury nominee Yellen tells lawmakers

Spend big now, pay down debt later, Biden's Treasury nominee Yellen tells lawmakers

Reuters  |  Posted Jan 19th - 5:45pm

Janet Yellen, U.S. President-elect Joe Biden's nominee for Treasury Secretary, urged lawmakers on Tuesday to "act big" on the next coronavirus relief package, adding that the benefits outweigh the costs of a higher debt burden.
Saved once by fed help, Salt Lake business owner hopes new PPP can get her across pandemic finish line

Saved once by fed help, Salt Lake business owner hopes new PPP can get her across pandemic finish line

Jasen Lee, Deseret News  |  Posted Jan 16th - 5:08pm

Last year, when the COVID-19 outbreak initially struck, Marci Rasmussen's downtown floral shop was one those businesses that felt the direct impact.
Pandemic-driven need for internet leads Utah's UTOPIA Fiber to record year

Pandemic-driven need for internet leads Utah's UTOPIA Fiber to record year

Lauren Bennett, KSL.com  |  Posted Jan 15th - 7:11pm

As more people transitioned this year to working from and remote school, the need for at-home access to faster internet rose — that's where UTOPIA Fiber stepped in to help.
Wall Street closes lower as banks, energy shares tumble

Wall Street closes lower as banks, energy shares tumble

Echo Wang, Reuters  |  Updated Jan 15th - 2:45pm

Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp.
U.S. shale producers lock in future sales as oil prices rise to one-year high

U.S. shale producers lock in future sales as oil prices rise to one-year high

Devika Krishna Kumar and Jennifer Hiller, Reuters  |  Updated Jan 15th - 2:34pm

U.S. shale producers are taking advantage of the oil market's rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said.
Dollar finishes week stronger as U.S. data hurts risk appetite

Dollar finishes week stronger as U.S. data hurts risk appetite

Saqib Iqbal Ahmed, Reuters  |  Updated Jan 15th - 2:03pm

The U.S. dollar rose across the board to hit a four-week high against a basket of currencies on Friday, as data showing the COVID-19 pandemic's continuing toll on the economy boosted demand for the safe-haven currency.
Dating app Bumble reveals steady revenue growth, losses in IPO filing

Dating app Bumble reveals steady revenue growth, losses in IPO filing

Reuters  |  Updated Jan 15th - 1:36pm

Dating app Bumble, which is backed by private equity firm Blackstone Group, on Friday made public its regulatory filing for an initial public offering, revealing steady revenue growth and higher operating costs that resulted in a loss.
Fed to stick to super-easy policy amid economic 'lull'

Fed to stick to super-easy policy amid economic 'lull'

Reuters  |  Updated Jan 15th - 1:20pm

The Federal Reserve has no plans to dial back its super-easy policy even as the incoming Biden administration lobbies for a new and massive round of stimulus that sets the economy up for faster growth once vaccines are fully rolled out.
Retail group: Holiday sales up 8.3% amid big spending shift

Retail group: Holiday sales up 8.3% amid big spending shift

Anne D'Innocenzio, Associated Press  |  Posted Jan 15th - 10:32am

The nation's largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.
Huntsman Mental Health Institute at University of Utah dedicated

Huntsman Mental Health Institute at University of Utah dedicated

Lisa Riley Roche, Deseret News  |  Posted Jan 15th - 6:29am

The Huntsman Mental Health Institute at the University of Utah was dedicated during the coronavirus pandemic that has made the need for mental health care more urgent than ever.
Biden unveiling $1.9T plan to stem virus and steady economy

Biden unveiling $1.9T plan to stem virus and steady economy

Ricardo Alonso-zaldivar and Bill Barrow, Associated Press  |  Updated Jan 14th - 10:38pm

President-elect Joe Biden is unveiling a $1.9 trillion coronavirus plan Thursday to turn the tide on the pandemic, speeding up the vaccine rollout and providing financial help to individuals, states and local governments and businesses struggling with the prolonged economic fallout.
Disneyland ends annual passes 10 months after virus closure

Disneyland ends annual passes 10 months after virus closure

The Associated Press  |  Posted Jan 14th - 6:26pm

Disneyland is ending its annual pass program 10 months after the theme park shut down because of the coronavirus pandemic, the theme park said Thursday.
IMF urges continued strong fiscal, monetary support given uncertainty

IMF urges continued strong fiscal, monetary support given uncertainty

Andrea Shalal, Reuters  |  Posted Jan 14th - 4:31pm

The International Monetary Fund is urging countries to continue strong fiscal and monetary efforts to support their economies given continued uncertainty about the risks posed by a resurgence in COVID-19 cases and new variants.