Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn’t… Read More
MLB cancels 93 more games, gap narrows in union bargaining
Baseball Commissioner Rob Manfred canceled 93 more games Wednesday, appearing to cut off the chance to play a full 162-game schedule and threatening locked out players with loss of salary and service time. As the sides narrowed many economic differences to a small margin, they became bogged down over management’s… Read More
Sackler family to get another heated hearing
Their advocacy helped send Purdue Pharma into bankruptcy and is forcing the family that has controlled the company for generations to relinquish ownership and provide billions of dollars for communities to combat opioid addiction. But what victims of opioid abuse and those who have lost loved ones to America’s long… Read More
Big changes coming to Bayer, the maker of aspirin
German chemical and health care company Bayer said Thursday it is selling a U.S.-based pest control business to private equity firm Cinven for $2.6 billion. Bayer is popularly known as the maker of aspirin. Bayer said the Environmental Science Professional business, which is headquartered in Cary, North Carolina, had about… Read More
Congress ask for probe into Amazon for obstruction
Lawmakers followed through Wednesday on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether the tech giant and senior executives obstructed Congress or violated other federal laws in testimony on its competition practices. The House Judiciary Committee escalated the bipartisan battle against the… Read More
Schumer and McConnell announce $1.5 trillion spending deal
On Wednesday, congressional leaders of both parties reached a new deal on a federal funding bill, the Consolidated Appropriations Act of 2022. With this bill, Congress plans to spend $1.5 trillion to fund our federal agencies, including our military. The House is expected to vote on the bill this Thursday,… Read More
In stunning move, Biden betrayed by 2 key Dems
President Joe Biden’s handling of the impending global oil crisis has come under fire… and not by just Republicans. Key Democratic senators have come forward and put public pressure on the Biden administration’s oil policies. Biden announced on Tuesday that the United States was putting an embargo on Russian oil… Read More
Biden’s new executive order over cryptocurrency
President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency. The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to… Read More
McDonald’s to temporarily shut all 850 stores in Russia
McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open… Read More
Netflix and TikTok block services in Russia to avoid crackdown
Netflix and TikTok suspended most of their services in Russia on Sunday as the government cracks down on what people and media outlets can say about Russia’s war in Ukraine. Pulling the plug on online entertainment — and information — is likely to further isolate the country and its people… Read More
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