One of the first coins minted in Colonial New England, which was recently found among other coins in a candy tin, has sold at auction for more than $350,000, more than it was expected to get, the auctioneer said Friday. The one shilling silver coin made in Boston in 1652… Read More
US to release 50M barrels of crude oil to ease energy costs
The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to bring down energy costs, in coordination with other countries including China. The move is an effort to bring down rising gas prices. Gasoline prices nationwide are averaging about $3.40 a… Read More
Prosecutors have questions about Waukesha SUV driver’s bail
The suspect in a Christmas parade crash in suburban Milwaukee that killed five people was free on $1,000 bail posted just two days before the deadly event, a fact that is leading to a review of what happened and renewed calls for giving judges more power to set higher bails…. Read More
Elizabeth Holmes finally addresses jury in fraud trial
Elizabeth Holmes, the one-time medical entrepreneur now charged with building a fraudulent company based on promises of a revolutionary technology, returned to the witness stand Monday. Her testimony, which focused largely on her enthusiasm based on positive early tests of that blood-testing technology, may be her best shot to avoid… Read More
Target to start closing stores every Thanksgiving
Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic. To limit crowds in stores, retailers last year were forced to turn what had become a weekend shopping blitz into an extended… Read More
New vice chair to be appointed to Fed
President Joe Biden announced Monday he’s nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate policies helped bolster confidence and revitalize the job market. Biden also said he would nominate… Read More
Pedestrians grab cash falling from armored truck on freeway
Drivers scrambled to grab cash Friday morning after bags of money fell out of an armored truck on a Southern California freeway, authorities said. The incident occurred shortly before 9:15 a.m. on Interstate 5 in Carlsbad as the truck was heading from San Diego to an office of the Federal… Read More
Florida household fined for displaying Xmas lights too early
A Florida family is in trouble with their homeowners association for putting up their Christmas lights too early. The Moffa family hired a company to decorate the yard of their Tampa home on Nov. 6, WFLA reported. Urgent: Common prescription drug now linked to Alzheimer’s? [Sponsored] Days later, they received… Read More
Higher prices? Visa to raise transaction fees on Amazon
Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees. The online retail giant moved this week to stop shoppers from using Visa credit cards issued in the United Kingdom starting next year, the latest salvo in a battle between payment networks and… Read More
EU to increase funds for chip production amid global shortage
The European Commission said Thursday that it could approve aid to fund production of semiconductors in the 27-nation bloc amid a global chip shortage and intense worldwide competition to fill the need. The EU’s executive arm expects that the scarcity of semiconductors — a key component in everything from smartphones… Read More
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