Dec 17 Federal appeals court allows Biden employer vaccine mandate to take effect By Geoff Mulvihill, Andrew DeMillo, Associated Press Friday's 2-1 ruling from a panel of judges on the 6th U.S. Circuit Court of Appeals reverses a lower-court ruling that had paused the requirement. Republican-led states are challenging the rule. Continue reading
Dec 17 Watch 7:40 Why the toys your child wants for Christmas may be out of stock By Catherine Rampell, Diane Lincoln Estes Christmas is just a week away and for some parents, finding the specific toy their child wants has been a real challenge this season. That's due, in part, to the supply chain problems around the globe — and how it… Continue watching
Dec 17 Union objects to results of two Starbucks unionization votes By Carolyn Thompson, Associated Press The union says the coffee retailer waged a "shock and awe" campaign meant to dissuade workers from voting to unionize. Starbucks denies the accusations. Continue reading
Dec 16 U.S. jobless claims rise but still historically low at 206,000 By Paul Wiseman, Associated Press The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession. Continue reading
Dec 15 Watch 7:16 Why the Fed will raise interest rates in 2022, and how soon consumers will feel hikes Federal Reserve officials announced Wednesday they are prepared to fight inflation with as many as three rate hikes, starting next spring, in an effort to cool persistently high inflation. Its benchmark rate, which affects borrowing, lending and economic growth, has… Continue watching
Dec 15 The security flaw that’s terrified the internet By Frank Bajak, Associated Press Security pros say it's one of the worst computer vulnerabilities they've ever seen. They say state-backed Chinese and Iranian hackers and rogue cryptocurrency miners have already seized on it. Continue reading
Dec 15 Fed will tighten credit faster and sees 3 rate hikes in 2022 amid inflationary pressure By Christopher Rugaber, Associated Press In an abrupt policy shift, the Fed announced Wednesday that it will shrink its monthly bond purchases at twice the pace it previously announced, likely ending them altogether in March. Continue reading
Dec 15 WATCH: Jerome Powell says Federal Reserve will tighten credit amid inflation surge By Christopher Rugaber, Associated Press With inflation surging and unemployment falling, the Federal Reserve said Wednesday that it will shrink its support for the economy more quickly and expects to raise interest rates three times next year. Continue reading
Dec 15 Congress sends Biden $2.5 trillion debt limit hike, averting default By Brian Slodysko, Associated Press Capping a marathon day, the House gave final approval to the legislation early Wednesday morning on a near-party-line 221-209 vote, defusing a volatile issue until after the 2022 midterm elections. Continue reading
Dec 13 OSHA opens investigation after Amazon warehouse collapses during tornado, killing 6 By Matt O'Brien, Associated Press Amazon said workers at the warehouse had little time to prepare when the National Weather Service declared a tornado warning on Friday night. The tornado arrived soon after, collapsing both sides of the warehouse and caving in its roof. Continue reading