Daily Archive: December 1, 2020

Denied unemployment benefits? Here are your options

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As cases of COVID-19 rise across the country, some states are reissuing lockdown measures. And as these lockdown measures spike, layoffs are too: Last week 778,000 Americans filed new unemployment claims, up 9% from two weeks ago.

But not all of these unemployed Americans will see their benefit claims approved. If your claim does get denied, here’s what to do next.

What should you do if your unemployment claim gets denied?

Before picking a remedy for a denied jobless claim, applicants need to find out why they were denied. They should get a “notice of determination,” which spells out the specifics. An employer could have blocked it based on information he or she provided to your state: Perhaps the former employer said you failed a drug … Read More

Bitcoin off record highs, slumps 7% in volatile trade By Reuters

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© Reuters. FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes

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LONDON (Reuters) – fell as much as 7% against the dollar on Tuesday, exhibiting its trademark volatility after scaling a record peak earlier in the day.

The world’s most popular cryptocurrency was down 4.4% at $18,841 as of 1345 GMT. The price drop in bitcoin, which some investors have seen as a potential safe-haven, coincided with ‘s 1.6% rise.

Smaller coins ethereum and , which often move in tandem with bitcoin, fell 7.3% and 8.8%, respectively.

“The price remains highly volatile and draw-downs can be sharp, but volatility is important for the asset to scale, seek price discovery, attract attention and education and over time this volatility should subside,” Davy Research analyst Roland French said, adding the sell-off was likely due to profit taking.

Bitcoin has gained around 160% this year, fuelled by

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