Karen Moscow

News when you want it with Bloomberg News Now.

I'm Karen Moscow.

Let's begin with some breaking economic news with applications for U.S.

unemployment benefits rising by less than expected last week, indicating that layoffs remain relatively low.

Initial claims increased by 4,000 to 212,000 in the week ending February 21st.

The period included the President's Day holiday.

Continuing claims, a proxy for the number of people receiving benefits declined to 1.83 million in the previous week.

A third round of nuclear talks between the U.S.

and Iran underway in Geneva.

Bloomberg's Yamada Bersetchi reports President Trump has given Tehran until March 6th at the latest to reach a deal.

And Bloomberg's Yamana Bersetchi reports these talks come as the U.S.

continues a large military buildup in the Middle East.

Right now, negotiators are on a break and they'll resume their discussions this evening.

The U.S.

said it will conduct an investigation after Cuba said it got into a deadly shootout off its northern coast with a speedboat registered in Florida.

Bloomberg's Laura Davison has more.

Bloomberg's Laura Davison, a U.S.

official, told the New York Times the people on the vessel were trying to get relatives out of Cuba and no U.S.

Navy or Coast Guard ships were involved.

Former Secretary of State Hillary Clinton will testify before U.S.