Key facts
- Initial jobless claims fell more than expected.
- Pinterest is investing in Amazon Web Services (AWS).
Initial jobless claims data released today showed a better-than-expected decline, suggesting continued strength in the U.S. labor market. In corporate news, Pinterest has announced a significant investment in Amazon Web Services (AWS), indicating a strategic partnership or expansion of cloud services for the social media company. Further details on the scale and implications of this investment are expected.