U.S. Jobless Claims Fall to Lowest Level in 5 Years

Aug. 1 (Bloomberg) -- U.S. initial jobless claims declined by 19,000 to 326,000 in the week ended July 27, the fewest since January 2008, from a revised 345,000 the prior week, the Labor Department reported today in Washington. Alix Steel and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)
High Rents Chase Chelsea Art Away
25:07 - Ten years ago, a group of seven young art dealers opened galleries in former loading docks on a deserted cobblestone street, helping transform Manhattan’s Chelsea neighborhood into an art destination. Now, only two of the galleries remain after the rest relocated or closed because of high rents. With leases expiring in November, both said they are likely to leave. Bloomberg's Katya Kazakina has more on "Bloomberg Markets." (Source: Bloomberg)
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