Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy. Jobless claims fell by 18,000 to 215,000 for the week ending February 26, from 233,000 the previous week, the Labor Department reported Thursday. Sponsored: 9 drugs now linked to form of “dementia”? The… Read More
Purdue Pharma agrees to new opioid settlement with U.S. states
OxyContin maker Purdue Pharma reached a settlement Thursday over its role in the opioid crisis that includes virtually all U.S. states and thousands of local governments, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion. The deal follows an earlier… Read More
States reckon with vaccine stockpile as demand falls
As demand for COVID-19 vaccines collapses in many areas of the U.S., states are scrambling to use stockpiles of doses before they expire and have to be added to the millions that have already gone to waste. From some of the least vaccinated states like Indiana and North Dakota, to… Read More
Amelia Earhart’s helmet sells for $825,000
A leather helmet that Amelia Earhart wore on a flight across the Atlantic in 1928 and later lost in a crowd of fans in Cleveland has sold at auction for $825,000. The helmet went to an anonymous bidder in an online-only sale that closed Sunday, a spokesperson for Heritage Auctions… Read More
Hunter Biden’s business partner sentenced to jail
Devon Archer, a former business partner of President Joe Biden’s son Hunter, was sentenced to federal prison for a year and one day by Manhattan Judge Ronnie Abrams on Monday. Archer was sent to jail over his plan to defraud the Oglala Sioux tribe of almost $60 million. He was… Read More
Powell says the Fed will raise interest rates this month
Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation. In prepared testimony he will deliver to a congressional committee, Powell cautioned that the economic consequences of Russia’s invasion of Ukraine are “highly uncertain.”… Read More
China says it won’t join in sanctions on Russia
China won’t join the United States and European governments in imposing financial sanctions on Russia, the country’s bank regulator said Wednesday. China is a major buyer of Russian oil and gas and the only major government that has refrained from criticizing Moscow’s attack on Ukraine. How people achieved an average… Read More
Big Tech cracks down on Russia’s state-owned channels
As Russia’s war in Ukraine plays out for the world on social media, big tech platforms are moving to restrict Russian state media from using their platforms to spread propaganda and misinformation. Google announced Tuesday that it’s blocking the YouTube channels of those outlets in Europe “effective immediately” but acknowledged… Read More
In protest, some bars stop selling Russian vodka
Some bars and liquor stores think they’ve found a way to protest Russia’s bloody invasion of Ukraine: They’re pulling Russian vodka off their shelves and promoting Ukrainian brands instead. “I woke up yesterday morning, and I saw that Russia had invaded Ukraine. You wonder what you can do,” said Bob… Read More
California’s bacon battle could raise the entire nation’s grocery bills
“On The Holmes Front,” with Frank Holmes If the price of bacon is rising, it may not be inflation alone at work. It could be California’s fault instead! The Golden State passed a ballot initiative that would place strict conditions on how pigs for pork are raised – and the… Read More
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