By Daniella Diaz, CNN Three moderate Senate Democrats joined Republicans on Wednesday night in voting against advancing President Joe Biden’s nominee to head the Labor Department’s Wage and Hour Division. Democratic Sens. Kyrsten Sinema, Joe Manchin and Mark Kelly voted against a procedural vote to advance David Weil’s nomination. The final vote count was 47-53,
Continue ReadingBy Anneken Tappe, CNN Business America’s inflation problem didn’t abate in February, as another key price measure rose to a 40-year high. The Personal Consumption Expenditures price index rose 6.4% in February from the same period a year earlier. It was the fastest increase since January 1982, the Bureau of Economic Analysis reported Thursday. Stripping
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PRAGUE (AP) — The Czech Republic’s central bank has again raised its key interest rate in an effort to tackle soaring inflation. Thursday’s hike of half a point to 5% was the seventh straight increase since June, and analysts had expected it. The bank, which considers high consumer prices a major threat, also had indicated
Continue ReadingBy Anna Cooban, CNN Business Germany “will be poorer” because of Russia’s assault on Ukraine, the government’s economy minister has warned, as soaring energy prices fuel record inflation and threaten to tip Europe’s biggest economy into a recession. “It is not possible that this ends without costs for German society, it is unthinkable,” Robert Habeck
Continue ReadingCNN+, WHO’S TALKING TO CHRIS WALLACE, CNN, CNN+/Who’s Talking to Chris Wallace By Anna Cooban, CNN Business Germany “will be poorer” because of Russia’s assault on Ukraine, the government’s economy minister has warned, as soaring energy prices fuel record inflation and threaten to tip Europe’s biggest economy into a recession. “It is not possible that
Continue Reading By MATT OTT AP Business Writer WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but layoffs remain at historic lows. Jobless claims rose by 14,000 to 202,000 for the week ending March 26, the Labor Department reported Thursday. The previous week’s tally of 188,000 claims was the fewest since 1969. First-time applications
Continue Reading LONDON (AP) — OPEC and allied oil producers including Russia have decided to stick to a modest increase in the amount of crude it pumps to the world. The move Thursday supports higher prices even as the Biden administration readies an attempt to lower them by releasing oil from strategic reserves. The group, known as
Continue ReadingBy Faith Karimi, CNN As Covid cases decline and the world reopens, Michelle Zauner is having a moment. Her indie rock band, Japanese Breakfast, has been nominated for two Grammys — best new artist and best alternative music album for last year’s “Jubilee.” Her bestselling 2021 memoir, “Crying in H Mart,” is being turned into
Continue ReadingCNN By Chloe Melas, CNN Chris Rock made an emotional return to the stage on Wednesday night for the first time since Will Smith slapped him at the Academy Awards. Rock made his first public remarks about the incident. In his first of two shows, he was greeted by the audience at Boston’s Wilbur Theater
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Some local seniors who never thought they’d be able to see and experience parts of the world again got the chance to in a different way, and that’s through virtual reality. Eva Oravedz is living at a La Quinta senior living facility. She was diagnosed with partial blindness about a year ago. Her doctor said
Continue Reading By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances. The figure reported Thursday by the Commerce Department was the largest year-over-year rise since January
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By Dakin Andone, CNN A charge against a West Virginia University student previously accused of making terroristic threats was dismissed without prejudice in 2021, according to court documents obtained by CNN. The then-21-year-old freshman student was arrested in May 2019 after authorities said they learned he had threatened to carry out a “shooting spree,” university
Continue ReadingBy Maggie Parkhill Click here for updates on this story TORONTO (CTV Network) — A new study suggests our sense of direction and navigational skills as adults are shaped by where we grew up. The study’s researchers from the Laboratoire d’Informatique en Image et Systèmes d’Information and University College London compared the performance of nearly
Continue ReadingBy Jill Macyshon and Maggie Parkhill Click here for updates on this story ROME (CTV Network) — Indigenous delegates travelled from Canada to Rome this week to meet with leaders of the Catholic Church, and First Nation delegates will meet with the Pope on Thursday to invite him to the site of a former residential
Continue Readingmacamilarincon (CNN Business) — La compañía Blue Origin, de Jeff Bezos, lanzó con éxito este jueves su cuarta misión de turismo espacial, anotándose otro éxito en el objetivo de la empresa por hacer de estos viajes supersónicos un pilar de la cultura pop. El cohete New Shepard despegó a las 9:59 a.m., hora del este,
Continue ReadingBy Julia Horowitz, CNN Business Oil prices are pulling back sharply as investors gear up for the White House to potentially unleash a record amount of crude from US reserves in a bid to ease pressure at the pump following Russia’s invasion of Ukraine. What’s happening: President Joe Biden is weighing a plan to release
Continue Reading BERLIN (AP) — The operator of Frankfurt Airport says it’s selling its minority stake in China’s Xi’an Airport after failing to expand its business in the huge Chinese market. Fraport said Thursday that it’s selling its 24.5% stake in the airport’s operating company to Chang’an Huitong Co. for $175 million. Its CEO said the German
Continue Reading NEW YORK (AP) — U.S. markets were uneven in premarket trading Thursday, while global markets fell after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital shook hopes for progress in peace talks. On Wall Street, futures for the Dow Industrials ticked down about 0.1% while the same for the benchmark S&P 500 index wavered
Continue ReadingCNN By Charles Riley, CNN Business The barrage of sanctions imposed by the West following Russia’s invasion of Ukraine decimated the ruble. But one month after the tanks rolled, the currency has made a full recovery and is now trading at levels seen prior to the war. How is that possible? Russia’s central bank has
Continue Reading By TOM MURPHY AP Health Writer A surge in demand for COVID-19 tests and vaccines helped Walgreens deliver a better fiscal second quarter than Wall Street expected. The drugstore chain said store sales jumped as customers bought at-home COVID-19 tests. Vaccines also boosted pharmacy sales as the omicron surge for the virus peaked during the
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