English

Economics at newser.com

Thursday, Apr 25

23

Dow Has a Rough Day Thanks to GDP, Meta

www.newser.com

US stocks fell sharply Thursday on worries about a toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy's growth flags, per the AP . A drop for Facebook parent Meta Platforms, one of Wall Street…

22

Pecker: 'We Didn't Want the Story to Embarrass Mr. Trump'

www.newser.com

Donald Trump's dizzying day in court continued in New York on Thursday as former National Enquirer publisher David Pecker picked up his testimony in the hush-money trial. Pecker elaborated on the "catch and kill" strategy of buying and…

21

SCOTUS Case Looks Like Good News for Trump

www.newser.com

The "case is submitted." With those words, Chief Justice John Roberts wrapped up Thursday's historic testimony about absolute presidential immunity —and whether Donald Trump can be prosecuted for actions taken while he was in office,…

20

One Big Company Is Tied to 11% of Branded Plastic Waste

www.newser.com

More than 50% of plastic pollution around the world can't be traced to a company, as the elements have erased all branding. But of the pollution that remains branded, more than half can be traced to 56 companies, and more than 10% to just…

19

Trump Lawyer: Assassination 'Could Well Be' an Official Act

www.newser.com

As Donald Trump sat in a different courtroom, the Supreme Court heard arguments Thursday on whether the former president is immune from prosecution for acts committed while in office. The AP reports that at least five justices, including…

17

Chipotle Tells Workers to Save the Chicken for Customers

www.newser.com

Customers at Chipotle have gotten miffed at the price of chicken dishes there, and now workers at the fast-food chain are similarly peeved, for a related reason. Per a Bloomberg exclusive , an email with the subject line "Let's Conserve…

Right-Wing Blog Heads for Chapter 11

www.newser.com

A popular far-right blog has filed for bankruptcy, though its founder vows to continue publishing. The Washington Post reports that the Gateway Pundit, run by Jim Hoft, is seeking Chapter 11 protections after a series of lawsuits accusing…

16

EPA Cracks Down Hard on Coal Power Plants

www.newser.com

Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency, per the AP . New limits on greenhouse gas emissions from fossil fuel-fired power…

US Economy Slowed More Than Expected

www.newser.com

The nation's economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending, per the AP . A slip: Thursday's report from the Commerce Department said the…

15

At Boeing, 'People Get Promoted by Hustling Parts'

www.newser.com

Another Boeing whistleblower, speaking publicly for the first time, is backing up claims of pressure on employees to "emphasize speed over quality," as the New York Times puts it. Merle Meyers, who spent 30 years with Boeing before…

14

Trump's Immunity Case Gets Underway Today

www.newser.com

Supreme Court justices will hear oral arguments Thursday about whether former presidents are immune from criminal prosecution in a case that "could affect both Donald Trump's legal and political fates," per the BBC . Trump's lawyers claim…

Report: McKinsey Is Target of Opioid-Related Criminal Probe

www.newser.com

McKinsey & Company, the consulting firm that advised companies how to "supercharge" opioid sales , is the target of a criminal investigation into its role in a crisis that has killed more Americans than any war, insiders say. Sources tell…

03

Survey: Many Say They're Being Priced Out of Retirement

www.newser.com

More than one-quarter of US adults over age 50 say they expect to never retire, and 70% are concerned about prices rising faster than their income, an AARP survey finds. About 1 in 4 have no retirement savings, according to research…

Wednesday, Apr 24

00

New Federal Rules Could Be Big Ask for Nursing Homes

www.newser.com

They're described by NPR as "the most substantial changes to federal oversight" of America's nursing homes in some 30 years. But implementing the new rules on minimum staffing levels that were finalized Monday could prove challenging—or…

23

Tesla Stock Surges Despite Drop in Profits

www.newser.com

US stocks drifted to a mixed finish on Wednesday. The S&P 500 rose 1.08 points, or less than 0.1%, to 5,071.63. The Dow Jones Industrial Average fell 42.77 points, or 0.1%, to 38,460.92. The Nasdaq composite rose 16.11 points, or 0....

22

In Hack Update, UnitedHealth Reveals Ransom Was Paid

www.newser.com

Hackers stole health and personal data from what could amount to a "substantial proportion" of Americans, UnitedHealth said in a Monday update on the February cyberattack on its Change Healthcare subsidiary. UnitedHealth also confirmed…

20

Biden Has a Big Problem With Younger Voters

www.newser.com

David Brooks says he still thinks President Biden is the Democrats' strongest candidate for president, but he's getting more pessimistic about his chances of beating Donald Trump in November. For starters, Brooks writes at the New York…

Mallory's Last Note From Everest: 'It Is 50 to 1 Against Us'

www.newser.com

In his final letter to his wife before he vanished on Mount Everest a century ago, George Mallory tried to ease her worries even as he said his chances of reaching the world's highest peak were "50 to 1 against us." The letter, digitized…

19

Tesla's Biggest Supporters 'Are Pushing the Panic Button'

www.newser.com

During an October earnings call, Tesla CEO Elon Musk joked "we have dug our own grave with the Cybertruck." That's suddenly "looking like less of a joke for Tesla," with every Cybertruck in America recalled , dismal Cybertruck sales…

18

Airline Passengers Get Good News From the DOT

www.newser.com

Airline passengers will soon see some relief when it comes to refunds and so-called junk fees. Per new rules set out by the Biden administration on Wednesday, airlines must now show the full price of travel when passengers are booking…

14

Anti-Trump Super PAC Says It Lost Big Bucks in Cybertheft

www.newser.com

The Lincoln Project is already hard at work blasting out ads for the November election and covering Donald Trump's legal problems , making no bones about its mission to make sure the most recent ex-president doesn't get to the Oval Office…

11

What the Potential 'TikTok Ban' Means for You

www.newser.com

No, TikTok will not suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned. After years of attempts to ban the Chinese-owned app, including by former President Trump, a measure to outlaw the…

10

Tennessee Could Soon Have Armed Teachers

www.newser.com

As protesters chanted "Blood on your hands," Tennessee's state House on Tuesday passed a bill that will allow handguns to be carried by some teachers and staff on school campuses. The legislation was previously passed by the state Senate,…

09

George Santos Drops His Bid for Congress

www.newser.com

George Santos is out: The disgraced former congressman has dropped his bid to return to Congress. In a post on X Tuesday, Santos, who was expelled from the House of Representatives (where he represented New York's 3rd Congressional…

08

National Enquirer Fabricated Story About Cruz's Dad, Says Ex-Publisher

www.newser.com

While testifying at Donald Trump's hush money trial Tuesday , the former publisher of the National Enquirer said that an infamous 2016 story about Ted Cruz's father was completely fabricated. The article claimed Rafael Cruz handed out pro…

05

$95B Foreign Aid Package Passes Senate 79-18

www.newser.com

This story has been updated with new developments. The Senate has passed $95 billion in war aid to Ukraine, Israel and Taiwan, sending the legislation to President Biden after months of delays and contentious debate over how involved the…

04

Pennsylvania Primaries Set Up Tough Senate Fight

www.newser.com

Tuesday was primary day in Pennsylvania and, to nobody's surprise, the AP called the Democratic and Republican races for President Biden and Donald Trump soon after polls closed at 8pm. Both men have locked up their nominations and major…

03

Some Coca-Cola Bottles Have Yellow Caps This Week

www.newser.com

If you prefer Coca-Cola made with cane sugar to Coca-Cola made with corn syrup, this could be your lucky week. Food & Wine reports that, as in years past, some bottles of Coke have yellow caps this week, meaning that they are kosher for…

02

New FTC Rule Bans Noncompete Agreements

www.newser.com

The Federal Trade Commission has voted 3-2 to ban noncompete agreements for most workers, meaning millions more people will soon be free to leave their jobs to work for competitors or start their own businesses. The FTC says around a fifth…

Tuesday, Apr 23

00

Tesla Says It Will Start Making More Affordable Models Soon

www.newser.com

Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13…