U.S. home sales slow to weakest annual pace in nearly 14 years
Despite the slower sales pace, home prices increased on an annual basis for the 15th consecutive month.
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UK regulator approves Lilly’s new Alzheimer’s drug but government won’t pay for it
Britian’s National Institute for Health and Care Excellence said more evidence was needed to prove Kisunla’s worth. Lilly says a year’s worth of treatment is $32,000.
Flying air taxis move closer to U.S. takeoff with issuing of FAA rule
Federal regulators gave a strong push to electric-powered air taxis Tuesday by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.
Taxpayers getting bigger standard deductions in 2025, but with smaller boosts than recent years
The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday.
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Across the industry, auto analysts say, an “affordability shift” is taking root. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price.
FTC’s rule banning fake online reviews goes into effect
The rule, which went into effect Monday, allows the agency to seek civil penalties against those who knowingly violate it.
White House says health insurance needs to fully cover over-counter birth control
Millions of people with private health insurance would be able to pick up over-the-counter methods like condoms, the “morning after” pill and birth control pills for free under a new proposal.
Convenience stores seek to broaden appeal by selling better food
By tempting customers’ palates, the humble food marts want to become an alternative to fast-food restaurants for busy Americans who crave easy, interesting and less expensive eating options.
Mail carriers reach tentative pact with Postal Service that includes raises, new trucks
Letter carriers have been working without a new contract since their old one expired in May 2023. Since then they have continued working under the terms of the old contract.
Wealthier Americans are driving retail spending, powering economy
It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one.
Netflix’s subscriber growth slows, but its profit, stock price surge
Netflix ended September with 282.7 million worldwide subscribers–far more than any other streaming service.
Elevance shares tumble on reduced forecast, Medicaid woes
The Indianapolis-based health insurance giant said Thursday that its Medicaid enrollment tumbled 19% from 11 million people in last year’s third quarter.
FTC adopts rule to make it easier for consumers to cancel unwanted subscriptions
The U.S. Chamber of Commerce criticized the administration’s approach, saying in August that “heavy-handed regulations that micromanage business practices” will lead to higher costs for consumers.
Supreme Court allows rule limiting pollution from coal-fired power plants
The justices rejected a push from Republican-led states and industry groups to block the Environmental Protection Agency rule, marking the third time this month the conservative majority has left an environmental regulation in place for now.
Caitlin Clark first rookie to make All-WNBA first team since 2008
The Indiana Fever star became the first rookie to make the team since Candace Parker did it in 2008. She’s the fifth rookie ever to have the honor.
Amazon, Google make nuclear investments to power data centers with clean energy
Both tech giants are seeking new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence.
NFL owners approve Jacksonville’s $1.4 billion ‘stadium of the future’
The proposed 63,000-seat, open-air stadium will feature a translucent covering that’s expected to lower outside temperatures by 15 degrees.
Small business disaster loan program out of money until Congress OKs more
The Small Business Administration warned earlier this month that it could run out of funding, given the anticipated surge in claims from Hurricane Helene.
Retail trade group expects to see slower rise in holiday sales
The National Retail Federation said its 2024 forecast indicates that shoppers will make $979.5 billion to $989 billion worth of purchases in November and December.
Walgreens to close 1,200 stores as chain attempts to steady operations
Walgreens said Tuesday that its net loss swelled to more than $3 billion in the final quarter of the year, dragged down by U.S. retail and pharmacy sales.