Weekly US jobless claims highest since 2021, but companies avoid risk of being caught short-handed
The number of Americans filing for jobless claims last week rose to its highest level in a year-and-a-half, though the labor market remains healthy by historical standards
2023-05-12 00:21
Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks
The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale
2023-05-12 00:19
Supreme Court sides with ex-Cuomo aide, others convicted of corruption related to 'Buffalo Billion'
The Supreme Court has ruled for a onetime top aide to ex-New York Gov_ Andrew Cuomo and for others who were convicted of corruption related to an economic development project known as the “Buffalo Billion.”
2023-05-12 00:18
Why Biden is wary of using the 14th Amendment to address the debt limit crisis: What to know
President Joe Biden and his administration have been searching for ways he might act unilaterally to avoid an economic “calamity” if Congress can’t reach agreement to allow more federal borrowing
2023-05-12 00:00
Peloton is recalling more than 2 million exercise bikes. Here's why
Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards
2023-05-11 23:51
Peloton recalling more than 2M exercise bikes because the seat post assembly can break during use
Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards
2023-05-11 23:23
Norway takes over presidency of Arctic Council from Russia
Norway has taken over the Arctic Council’s rotating presidency from Russia
2023-05-11 23:16
In major climate step, EPA proposes 1st limits on greenhouse gas emissions from power plants
The Biden administration is proposing new limits on greenhouse gas emissions from coal- and gas-fired power plants, its most ambitious effort yet to reduce planet-warming pollution from the nation’s second-largest contributor to climate change
2023-05-11 22:55
Ukraine says its counteroffensive now delayed; Britain says it's sent cruise missiles to Kyiv
President Volodymyr Zelenskyy says Ukraine is delaying its long-awaited counteroffensive against Russia’s occupying forces, saying that while such a campaign would succeed, too many of his troops' lives would be lost
2023-05-11 22:29
Bank of England raises UK interest rates to highest level since 2008
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets
2023-05-11 22:27
Czech government proposes measures to keep ballooning deficit under control
Czech citizens will likely pay more for beer and medicine while businesses will face higher corporate taxes as part of a government package of dozens of measures designed to keep the ballooning budget deficit under control
2023-05-11 22:23
Stock market today: Stocks dip following inflation data, drops for Disney, banks
Wall Street is dipping in early trading, weighed down by a sharp drop for Disney and flaring fears about U.S. banks
2023-05-11 21:48