World News

US Stocks Hit Record Highs, Jobless Claims Decline

U.S. stock indexes hit record highs during Thursday's trading day and at the close. Investors were cheered by some strong corporate earning reports, encouraging data on the job market, and reassurances from the head of the U.S. central bank.

A Labor Department report showed the number of Americans signing up for unemployment assistance dropped to its lowest level in two months. Jobless claims fell 24,000 to a nationwide total of 334,000.

Economists use unemployment insurance claims to track layoffs, and they say declining claims mean a strengthening job market.

Wednesday and Thursday, U.S. Federal Reserve Chairman Ben Bernanke told Congress that efforts to stimulate the economy will continue until improved growth shows they are no longer needed. That may mean that the Fed's program of buying billions of dollars in securities each month will not be cut back until later this year, and very low short-term interest rates could stay in place until sometime next year.

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Generosity Overwhelms Quake-Stricken Nepal

Multimedia Quake Overwhelms Nepal

VOA's Steve Herman describes the scene in Kathmandu, where quake survivors persevere despite death toll, which now exceeds 4,300 More

UNOCHA
Steve Herman
UN Development
Steve Herman
Steve Herman
Steve Herman
UNOCHA
UNOCHA
Steve Herman
United Nations