Investing.com -The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying market strength despite a sharp slowdown in job growth in May.
Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 216,000 for the week ended June 15, the Labor Department said on Thursday. Data for the prior week was unrevised. | go to source
Seeking Alpha – Boeing (NYSE:BA) knew for more than a year before telling regulators and airlines that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insists the missing display is not a safety risk.
It was only after the second MAX crash, in Ethiopia, that Boeing became more forthcoming with airlines about the problem, industry and government officials say. | go to source
Mozambique continues to get hit with the effects of Cyclone Kenneth, with the death toll now nearing 40 and expected to rise.
BBC – Mozambique requires urgent life-saving relief to deal with the destructive aftermath of Cyclone Kenneth, an aid organisation has said. Save the Children says the humanitarian situation is significant and life-threatening and more funds are needed. The UN gave Mozambique and Comoros Island $13m (£10m) for food, water and repair of infrastructure. The death toll in cyclone-hit northern Mozambique is 38, but is expected to rise, officials say. | go to source