U.S. households increased their spending in October

U.S. consumers increased their spending in October, which helped bolster the broader economic recovery as companies increased investment and the number of unemployed fell to historic lows in a tight labor market. Household consumption rose 1.3% in October from a month earlier, while personal income rose 0.5% last month, the Ministry of Commerce said on … Read more

US unemployment claims reach 52-year low

Weekly unemployment applications fell sharply to their lowest level in 52 years, reflecting the tightening of the labor market as the economy recovers from the effects of the pandemic. Workers’ applications for initial unemployment benefits, a proxy for layoffs, fell from 71,000 to 199,000 last week, the lowest level since November 1969, the Ministry of … Read more

Germany’s Olaf Scholz on his way to succeed Angela Merkel as chancellor

BERLIN-Germany’s Olaf Scholz is set to succeed Angela Merkel as chancellor after the winners of the September election reached a political agreement focusing on revising the country’s economy, investing in infrastructure and fighting climate change, said people involved in the negotiations. According to the political program – which Mr Scholz’s center-left Social Democrats, the environmentalists … Read more

Jamie Dimon says he regrets the joke about JPMorgan outlasting China’s Communist Party

JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday made a direct remark about the US banking giant’s ability to survive China’s Communist Party, a few days after he made a whirlwind trip to the Chinese financial center in Hong Kong due to a state travel exemption. “I was just in Hong Kong and I … Read more

Covid-19 antibody test in demand as people worry about immunity

Some people take Covid-19 antibody tests to determine if they can be protected against the virus. Many health authorities and doctors wish they would not. Antibody testing is a tool that some people use to help them decide what precautions to take to protect themselves and slow down the spread of Covid-19. Some vaccinated people … Read more

Aaron Rodgers does not just have any toe injury. He has Covid Toe.

Since Aaron Rodgers returned to the field after testing positive for Covid-19, after sitting out for 10 days because he was unvaccinated, star Green Bay Packers quarterback has had a mysterious and painful toe injury. After previously describing it in vague terms as a “Covid injury,” Rodgers confirmed what dermatologists had previously suspected. “No lingering … Read more

Bond yields, stock futures fall ahead of the Fed protocol

U.S. stock futures stopped as investors awaited a big day of releases of financial data ahead of the Thanksgiving holiday, plus minutes from the Federal Reserve’s most recent meeting. Futures linked to the S&P 500 and blue-chip Dow Jones Industrial Average Futures fell 0.3 percent on Wednesday. Technology-heavy Nasdaq-100 futures fell 0.3%, a day after … Read more

Walgreens, Walmart and CVS pharmacies contributed to the opioid epidemic, Ohio jury findings

A federal jury in Cleveland on Tuesday found that the companies that own CVS, Walgreens and Walmart pharmacies were responsible for contributing to the opioid epidemic in two Ohio counties – the first, potentially influential verdict among many lawsuits against pharmacy chains. In the case, attorneys for Lake and Trumbull counties in northeastern Ohio had … Read more

NASA’s Planetary Defense Mission aims to push a distant asteroid out of its way

The first planetary defense mission takes to the skies early Wednesday, when the National Aeronautics and Space Administration launches a space probe designed to divert a distant asteroid in a test of technology that could one day save the world. The $ 324 million Double Asteroid Redirection Test, or DART, mission – a practice round … Read more

Massive hack gave police a window into cocaine, cash and killers

BRUSSELS — The gangsters who planned to assassinate a judge thought they left nothing to chance. But the police hundreds of miles away were on them thanks to a stakeout with a modern twist. Using supposedly impregnable encrypted phones, the Serbian assassins discussed earlier this year how wind direction and distance could affect the sniper’s … Read more