U.S. jobless claims at 52-year low amid seasonal volatility
The four-week moving average, which smooths out week-to-week ups and downs, fell below 219,000, lowest since the pandemic hit the United States in March 2020.
Associated Press
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Poll: Incomes are up, but Americans focus on inflation
Most people say the sharply higher prices for goods and services in recent months have had at least a minor effect on their financial lives, including about 4 in 10 who say the hit has been substantial.
Braun fights federal vax mandates but says businesses should have the option
That stance puts the Indiana senator at odds with many GOP state lawmakers who want to force Indiana businesses to accept broad vaccination exemptions from employees with religious or medical objections.
Explainer: What caused Amazon’s outage? Will there be more?
A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for hours, raising questions about the vulnerability of the internet and its concentration in the hands of a few firms.
New COVID-19 antibody drug OK’d to protect most vulnerable
People who could benefit from the antibody drug include cancer patients, organ transplant recipients and people taking immune-suppressing drugs for conditions like rheumatoid arthritis.
Michigan House OKs incentives to land major business deals
While proponents did not specify pending deals for which Michigan is vying, several told the House Government Operations Committee that Michigan must stay competitive in the auto industry.
U.S. businesses advertise for near-record 11 million open jobs
The figures from the Labor Department’s Job Openings and Labor Turnover survey, or JOLTS, show that with so many companies chasing relatively few unemployed people, job-seekers have the most bargaining power they have had in at least two decades.
COVID cases spike even as U.S. reaches vaccine milestone
Deaths are running close to 1,600 a day on average, back up to where they were in October. And the overall U.S. death toll less than two years into the crisis could hit another heartbreaking milestone, 800,000, in a matter of days.
Holcomb frustrated with ‘absurd’ vaccine-refusal reasons
Indiana Gov. Eric Holcomb said the pandemic remains a real threat and is taking lives, but he maintains that the state’s role is to provide vaccines and other resources, not impose vaccine requirements or mask mandates.
Major outage hits Amazon Web Services, disrupting many major sites
Amazon’s own e-commerce operations were affected, as well as Toyota, Delta Airlines, Netflix, Instacart, Venmo, Kindle, Roku, The Associated Press, Disney+ and McDonald’s.
EPA lowers ethanol requirements, citing reduced demand
The lower production targets are a win for the oil industry, which argues that biofuel blending is costly and raises gasoline prices.
Treasury proposes new disclosure rule to fight corruption
The proposed new rule would require companies to identify who owns and controls them, rather than the names of the people who formed the company.
Canadian drugmaker says its COVID-19 vaccine is effective
The Quebec City company said it will seek Canadian approval “imminently” and has also begun the process to file with regulators in the United States, United Kingdom and other countries.
U.S. trade deficit narrows in October as exports rebound
The October deficit was the smallest monthly deficit since a $66.2 billion imbalance in April.
Companies delaying office returns amid omicron uncertainty
Major corporations that had planned to shepherd all their employees back into offices in early 2022 now have to decide whether those dates make sense in light of further evidence of the pandemic’s unpredictability.
Ohio lawmakers to consider bill aimed at retaining, luring students
Lawmakers in Indiana’s neighbor to the east will consider making graduates of any Ohio college who take a full-time job in the state exempt from state income tax for up to three years.
Biden pledges savings on insulin, other drugs for Americans
The biggest policy change—a system for Medicare to negotiate prices for prescription drugs—won’t begin to deliver lower costs until 2025, and then only for a selected set of 10 medicines, as well as insulin products.
Survey: Business economists foresee persistent inflation
The nation’s business economists have sharply raised their forecasts for inflation, predicting an extension of the price spikes that have resulted in large part from bottlenecked supply chains.
Pandemic stress weighs heavily on Gen Z, poll finds
Isolation. Anxiety. Uncertainty. The stresses of the coronavirus pandemic have taken a toll on Americans of all ages, but a new poll finds that teens and young adults have faced some of the heaviest struggles as they come of age during a time of extreme turmoil.
New Interstate 69 section could open in December
State highway officials expect to open a new section of the Interstate 69 extension project between Indianapolis and Bloomington by the end of the year.