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U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year U.S. applications for unemployment benefits fell slightly last week as companies held on to employees in an economy that has largely withstood rapidly rising interest rates, intended to cool hiring and spending, for more than a year. The number of Americans applying for jobless benefits last fell week by 4,000, to 228,000 the week ending August 26, the Labor Department reported Thursday. The four-week moving average of claims , which evens out some of the weekly volatility, rose by 250 to 237,500. Jobless claim applications are seen as representative of the number of layoffs in a given week. The Federal Reserve, in its now year-and-a-half battle against inflation, has raised interest rates 11 times to 5.4%, the highest level in 22 years. Part of the Fed’s intent was to cool the job ...

Russia claims it foiled a Ukrainian assassination attempt using drones against President Vladimir Putin, denouncing the alleged attack as a ‘’terrorist’’ act and promising retaliation KYIV, Ukraine -- Russia claimed it foiled an attack by Ukrainian drones on the Kremlin early Wednesday, calling it an unsuccessful assassination attempt against President Vladimir Putin and promising retaliation for what it termed a “terrorist” act. Ukraine denied any involvement, saying Moscow could use it for further escalation of the war. Putin wasn’t in the Kremlin at the time and was at his Novo-Ogaryovo residence outside Moscow, his spokesman Dmitry Peskov told Russia’s state news agency RIA Novosti. There was no independent verification of the reported attack on the Kremlin, which Russia authorities said occurred overnight but presented no evidence to support it. Questions also arose as to why it took the Kremlin hours to report the incident and why videos of it also surfaced that late in the day. ...