Bloomberg Business

US Jobless Claims Fall by the Most Since 2021 (Video)

Initial unemployment claims fell by 22,000 to 242,000 in the week ended May 13, following fraud-inflated figures in previous weeks. Continuing claims edged down to 1.8 million in the week ended May 6. Mike McKee breaks down the numbers on “Bloomberg Surveillance.”

Micron, Probed by China, to Get $1.5 Billion Funds From Japan for Next-Gen Chips

Micron Technology Inc. is poised to land about ¥200 billion ($1.5 billion) in financial incentives from the Japanese government to help it make next-generation memory chips in the country, according to people familiar with the matter, the latest step in Tokyo’s effort to bolster domestic semiconductor production.

Shell Demands Profit From Green Energy, Not Just CO2 Cuts

Shell Plc executives are telling their renewable power business that it needs to become more profitable, not just deliver lower carbon emissions, and pull back from the less successful elements of its clean-energy strategy.

Top-Performing Fund Manager Bets on AI, Cloud Tech; Shuns Apple

If you want to catch the brisk recovery rally in tech stocks this year, you’d better buy shares exposed to artificial intelligence, such as Nvidia Corp., or cloud computing and avoid the popular behemoths like Apple Inc., Google-parent Alphabet Inc. and Meta Platforms Inc.

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