US Weekly Jobless Claims Fall More Than Expected
WASHINGTON鈥擣ewer Americans filed new claims for unemployment benefits last week amid falling COVID-19 infections, but the near-term outlook for the labor market is unclear after w……
Exchange Repeatedly Halts Gamestop Trading as Price Surges Past $100
The New York Stock Exchange repeatedly halted trading in the stock of the video game retailer GameStop on Feb. 25 as its price surged above $100 per share in overnight trading. Th……
Australia Passes ‘World First’ Google, Facebook Media Payment Law
The contentious “world-first” media payment law that spurred Facebook to censor news content in Australia will soon be in force after the Australian federal Parliament ratified it……
‘My Income Has Dropped to Zero’: About 45% of Small Businesses Risk Closure Within Months
At least 13.9 million of the nation’s small businesses are at serious risk of shuttering their doors by April 1, a recent industry report found.Forty-four percent of the countr……
Facebook to Invest $1 Billion in News Industry After Australia Row
Facebook on Wednesday pledged to invest at least $1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over……
Biden’s Corporate Tax Hike Would Cut Jobs, Reduce Wages, Depress Growth: Think Tank
President Joe Biden’s plans to raise the corporate tax rate would have a chilling effect on economic growth, depress wages, and lead to job losses, according to the Tax Foundation……
China’s Weaponizing of Rare-Earth Exports a Menace for Canada
News AnalysisWhat emerged as a potential weapon the Chinese regime could employ during the heights of the trade tensions with the Trump administration appears to have more teeth ……
US Home Prices Rose 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving to houses in the suburbs from crowded u……
Romney, Cotton Propose $10 Minimum Wage in Counter to Democrat Push for $15 an Hour
In a counterpoint to the Democrat push for an hourly minimum wage hike to $15, Sens. Mitt Romney (R-Utah) and Tom Cotton (R-Ark.) on Tuesday announced their own bill that would ra……
60 Years After Eisenhower’s Warning, Distinct Signs of a ‘Digital-Intelligence Complex’
In June 2019, Susan Gordon stood on a stage at the Washington Convention Center. Behind her loomed three giant letters, “AWS,” the abbreviation for Amazon Web Services, the cloud ……
J&J Projects Having COVID-19 Vaccine Doses for 20 Million Americans by End of March
A COVID-19 vaccine being considered by drug regulators could help quickly boost the number of Americans getting shots against the CCP (Chinese Communist Party) virus.Johnson &……
Chief of Cherokee Nation Calls for Jeep to Stop Using Name
The head of the Cherokee Nation wants Jeep Cherokee’s to be a thing of the past.Chuck Hoskin Jr. says the tribe would like the line’s name changed.“I’m sure this comes from a pl……
Bitcoin Plummets as Doubts Grow Over Sky-High Valuation
LONDON/SINGAPORE—Bitcoin plummeted as much as 17 percent on Tuesday as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and sparking a s……
Damage to United Boeing 777 Engine Consistent With Metal Fatigue: NTSB
Damage to a fan blade on an engine that failed on a United Airlines Boeing 777 flight is consistent with metal fatigue, based on a preliminary assessment, the chairman of the U.S.……
Facebook Reverses News Ban on Australia
Facebook has decided to reverse its sweeping ban on news content in Australia after the tech giant and the federal government agreed to amendments to the impending media payment l……
Boeing: 777s With Engine That Blew Apart Should Be Grounded
Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this weekend, and most carriers that fly those planes said t……
Federal Reserve Sees Modest Pickup in Hiring This Month
WASHINGTON—The Federal Reserve says there’s evidence that hiring has picked up in recent weeks, even as the job market remains badly damaged by the pandemic.In its semi-annual mo……
OPEC, US Oil Firms Expect Subdued Shale Rebound Even as Crude Prices Rise
LONDON/HOUSTON—OPEC and U.S. oil companies expect a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would ……
Goodyear Acquires Cooper in All-American Tire Deal
Two of the biggest remaining American tire companies are joining forces.Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that wil……
McDonald’s to Slash Executive Bonuses If They Don’t Place More Minorities in Senior Leadership Roles
McDonald’s announced it will slash executives’ bonuses if they don’t place more minorities in the firm’s senior leadership roles.“We’re implementing policies that hold our leader……
Lawmaker Says ‘We Don’t Want’ Small Businesses That Can’t Pay $15 Minimum Wage
Rep. Ro Khanna (D-Calif.) said Sunday that, while he’s “all for” small businesses, those that can’t afford to pay their employees $15 an hour are essentially undesirable.Khanna m……
Kroger: Some Pharmacy Customer Data Impacted in Vendor Hack
BOSTON—Kroger says personal data, including Social Security numbers of some of its pharmacy and clinic customers, may have been stolen in the hack of a third-party vendor’s file-t……
Australian Govt Cuts Millions in Facebook Advertising After News Ban
Australian government ministers are pulling the plug on advertising on Facebook, a move that could cost the tech giant millions, in response to its dramatic ban on news-related co……
Bitcoin and Ethereum Prices ‘Seem High,’ Says Musk
Billionaire CEO Elon Musk said on Saturday the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the $1 t……
South Dakota Hotel Owners Describe Impact of Keystone Cancellation
This is part three of a series exploring the effects of President Joe Biden’s cancellation of the Keystone XL oil pipeline.MIDLAND, S.D.—“My husband just called me … he just got ……
Uber Drivers Are Workers, UK Top Court Rules
Britain’s Supreme Court on Friday unanimously ruled that Uber drivers are workers rather than self-employed, in a landmark ruling that may have implications for the rest of the gi……
Citigroup Cannot Recoup Revlon Payouts After Nearly $900 Million Gaffe: US Judge
NEW YORK鈥擜 federal judge on Tuesday said Citigroup is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon, in what he called ……
Chinese Drone Maker’s Stock Plunges as Short-Seller Takes Aim
NEW YORK—Drone manufacturer EHang Holdings Ltd’s shares plunged on Tuesday after an investment research firm said it had shorted the stock and questioned the accuracy of what the ……
US Jobless Claims Rise to 861,000 as Layoffs Remain High
WASHINGTON—The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of conf……
Former Australian PM Lambasts Media Law for ‘Entrenching’ Murdoch Empire
Former Prime Minister Kevin Rudd claims impending media bargaining laws will entrench the power of Rupert Murdoch’s news empire.Rudd said Australian media was undergoing a “Fox N……