Slower U.S. job gains in August could aid Fed’s inflation fight
The smaller August gain will likely be welcomed by the Federal Reserve, which is rapidly raising interest rates to try to cool hiring and wage growth.
Associated Press
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New online dashboard helps flyers with delays, cancellations
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CDC endorses updated COVID-19 booster shots
CDC’s advisers deemed the updated injections the best option considering the U.S. still is experiencing tens of thousands of COVID-19 cases and about 500 deaths every day—even before an expected new winter wave.
Fewer Americans file for weekly jobless benefits
Hiring in the U.S. in 2022 has been remarkably strong even as the country faces rising interest rates and weak economic growth.
Deadly bird flu returns to Midwest earlier than expected
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NIL turning star college football players into millionaires
Of the estimated $1.14 billion that will be poured into the pockets of athletes in Year 2, the NIL platform Opendorse predicts nearly half of it will be spent on the gridiron.
Bed Bath & Beyond to close 150 stores, cut workforce by 20%
Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering.
U.S. life expectancy plunged again in 2021, down nearly a year
In the first two years of the COVID-19 pandemic, the estimated American lifespan has shortened by nearly three years. The last comparable decrease happened in the early 1940s, during the height of World War II.
FDA clears updated COVID boosters targeting newest variants
The move by the Food and Drug Administration tweaks the recipe of shots made by Pfizer and rival Moderna that already have saved millions of lives. The hope is that the modified boosters will blunt yet another winter surge.
Dutch government ‘very concerned’ after soldier’s killing in Indianapolis
Defense Minister Kajsa Ollongren told reporters in Prague, where she met with her European Union counterparts, that the state of affairs in the Netherlands’ “most important ally” had become troubling.
FDA chief says long-awaited opioid review still in works
A review of prescription opioid medications, including their risks and contribution to the U.S. overdose epidemic, is still underway at the Food and Drug Administration, the agency’s commissioner said Tuesday.
U.S. House panel calls for cryptocurrency fraud oversight
The inquiries come as the cryptocurrency market has seen immense volatility, as bitcoin lost nearly half its value at one point this year and other cryptocurrencies fell even more.
Indiana abortion clinics sue to block state’s near-total ban
The lawsuit claims the ban, set to take effect on Sept. 15, “strips away the fundamental rights of people seeking abortion care” in violation of the Indiana Constitution.
U.S. asks farmers: Can you plant two crops instead of one?
The USDA hopes to significantly increase the amount of wheat that U.S. farmers could grow every year, lessening the reliance on big wheat producers like Ukraine and Russia and eliminating bottlenecks.
Musk cites whistleblower as new reason to exit $44B Twitter deal
Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform.
Consumers more confident in August as gas prices dip
Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell.
Job vacancies rise after 3 months of declines, dashing Fed hopes for cooling
The increase that the government reported Tuesday will be a disappointment for Federal Reserve officials, who are seeking to cool hiring by raising short-term interest rates to try to slow borrowing and spending, which tend to fuel inflation.
Indiana refinery fire expected to have little impact on gas prices
Patrick De Haan, head petroleum analyst at GasBuddy, which tracks gas prices nationally, called the Whiting facility closure a “temporary setback.”
Fed’s real-time payment system coming as soon as May
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LG, Honda looking at Ohio, Indiana for $4.4B joint venture to make EV batteries
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