America’s unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economy that’s putting more people to work. The government reported Friday that private businesses and other employers added just 210,000 jobs in November, the […]
WHO: Measures used against Delta should work for Omicron
Measures used to counter the delta variant should remain the foundation for fighting the coronavirus pandemic, even in the face of the new omicron version of the virus, World Health Organization officials said Friday, while acknowledging that the travel restrictions imposed by some countries may buy time. While about three dozen countries worldwide have reported […]
Stock market mostly rebounds despite ride-share bombshell
Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited U.S. employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it remained, but appeared to have been assuaged by reports that its symptoms […]
Christmas tree buyers face short supplies, inflated prices
Even Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy. Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season. American shoppers should expect to have fewer choices and pay up to 30% more for both types this Christmas, industry officials said. Doctor: No […]
Christmas shoppers navigate shortages with mixed results
Like many shoppers, Kathleen Webber understands the struggles of getting the right gifts for her three children this holiday shopping season amid widespread shortages. She promised to buy her 23-year-old son the Sony Corp. PlayStation 5, but he hasn’t been able to get his hands on the popular game console. So now Webber says she […]
MLB owners lock out players in first work stoppage since 1995
Major League Baseball plunged into its first work stoppage in a quarter-century when the sport’s collective bargaining agreement expired Wednesday night and owners immediately locked out players in a move that threatens spring training and opening day. The strategy, management’s equivalent of a strike under federal labor law, ended the sport’s labor peace after 9,740 […]
‘Buy now, pay later’ gains popularity this Christmas
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, “buy now, pay later” is now available for purchasing […]
Omicron quashes travel industry’s hope for a comeback
Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic are being rattled again as countries throw up new barriers to travel in an effort to contain the omicron variant. From shopping districts in Japan and tour guides in the Holy Land to ski resorts in […]
Lawmakers consider breaking up Facebook; Haugen weighs in
U.S. lawmakers are putting forward proposals to curb social media giants by limiting their free-speech protections against legal liability. Their efforts are coming after a former Facebook product manager presented a case that the company’s systems amplify online hate and extremism and fail to protect young users from harmful content. Sponsored: What eggs do to […]
Facebook ordered to sell off subsidiary in anti-trust suit
The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook “increase its already significant market […]
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