Posts From King World News

Jobless claims edge up, but labor market still solid

The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 270,000 for the week ended Aug. 1, the Labor Department said on Thursday. It was the 22nd consecutive week that claims held below the 300,000 threshold, which is associated with a strengthening labor market.

Tesla says it sent update for security flaws found by hackers

Tesla confirmed elements of the story and said it already has issued a software patch to owners. Kevin Mahaffey, chief technology officer of cybersecurity firm Lookout, and Marc Rogers, principal security researcher at Cloudflare, said they decided to hack a Tesla car because the company has a reputation for understanding software that is better than that of most automakers, the FT said.