Poll: Many pessimistic about improving standard of living
Most of those polled said that raising a family and owning a home are important to them, but more than half said these goals are harder to achieve compared with their parents’ generation.
Associated Press
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Supreme Court welcomes the public again, and a new justice
The new member of the court, Justice Ketanji Brown Jackson, wasted no time engaging, asking questions throughout nearly two hours of arguments in the dispute over the nation’s main anti-water pollution law, the Clean Water Act.
Indiana ACLU: No rush to halt judge’s pause on abortion ban
Lawyers for the American Civil Liberties Union of Indiana called the state’s motion “hastily filed” and argued the case does not need to go to the Indiana Supreme Court.
Whole lotta zeros: Apple Music crosses 100M song barrier
Apple Music says the milestone cements it as the world’s largest catalog of music, more than YouTube Music’s 80 million songs, Spotify’s 82 million tracks and podcasts, and Amazon Music’s 90 million songs.
Fraud, scam cases increasing on Zelle, Senate report finds
Since being launched in June 2017, Zelle has become a popular way for bank customers to send money to friends and family. A new report says large banks who partly own the service have been reluctant to compensate customers who have been victims of fraud or scams.
Biden’s pledge to make federal fleet electric faces slow start
President Joe Biden last year directed the government to purchase only American-made zero-emission passenger cars by 2027.
U.S. consumers spent slightly more in August
The figures suggest that the economy is showing some resilience despite sharply rising interest rates, violent swings in the stock market, and high inflation.
U.S. House approves antitrust bill targeting giant tech firms
The limited bill would give states an upper hand over companies in choosing the location of courts that decide federal antitrust cases.
ALS drug wins FDA approval despite questionable data
The FDA approved the drug from Amylyx Pharmaceuticals based on results from one small, mid-stage study in which patients with the debilitating disease appeared to progress more slowly and survive several months longer.
U.S. mortgage rates up for 6th week, with 30-year at 6.7%
The beefier rates mark highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.
Treasury moves forward with database on corporate ownership
Tens of millions of small U.S. companies will soon be required to provide the government with details on their owners and others who benefit from them
Smith & Wesson sued over link to July 4 parade mass shooting
The suits accuse gun-maker Smith & Wesson of illegally targeting its ads at young men at risk of committing mass violence.
Amazon to raise average hourly pay by $1 to $19 in October
Beginning in October, warehouse and transportation workers would earn between $16 and $26 an hour, depending on their position and location in the U.S.
Regions Bank to refund $141M for illegal overdraft fees
A federal investigation found Regions was charging overdraft fees on some ATM withdrawals as well as some debit card purchases, even after the bank told the customers they had enough funds to cover the transactions.
Biden’s strategy to end hunger in U.S. includes more food-buying assistance
In a plan released Tuesday, the administration is also seeking to increase healthy eating and physical activity so fewer people are afflicted with diabetes, obesity, hypertension and other diet-related diseases.
Woman critical, suspect dead after Subaru plant shooting
Lafayette police reported that the woman and the suspected shooter previously had been in a relationship.
Biogen pays $900M to settle doctor kickback allegations
The deal resolves allegations that the pharmaceutical maker violated federal law by paying kickbacks to doctors to persuade them to prescribe its multiple sclerosis drugs.
Libertarian group sues to block student debt cancellation
The lawsuit was filed in federal court in Indiana, one of several states that plan to tax any student debt canceled by President Biden’s plan.
White House: New rule will show ‘true cost’ of plane tickets
The new rule is intended help consumers save money up front and encourage more competition among airlines to offer better fares.
Fed officials call for more rate hikes to fight inflation
The Federal Reserve will have to keep boosting its benchmark interest rate to a point that raises unemployment and gets inflation down from unusually high levels, two officials said in separate remarks Monday.