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Economics at newser.com

Friday, Apr 26

00

Biden Administration Stalls FDA Ban on Menthol Cigarettes

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For the second time in recent months, President Biden's administration has delayed a sweeping plan to ban menthol cigarettes, a decision that is certain to infuriate anti-smoking advocates but could avoid angering Black voters ahead of…

23

Microsoft, Alphabet Lift Stocks to Best Week Since November

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The best week for US stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday, per the AP : The Dow Jones Industrial Average rose 153.86 points, or 0.4%, to 38,239.66, closing its first winning week in…

21

Trump Lawyers Try to Undermine David Pecker

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Donald Trump's lawyers sought to undermine the credibility of former National Enquirer publisher David Pecker in court on Friday, but he pushed back "defiantly," according to the New York Times . "I've been truthful to the best of my…

20

US, China Butt Heads at Blinken-Xi Meetup

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US Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, stressing the importance of "responsibly managing" the differences between the United States and China as the two sides butted…

18

After Tesla Autopilot Updates, Crashes Continue

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The driver of a Tesla that struck and killed a motorcyclist near Seattle claims he was using the vehicle's Autopilot system, which experts say lacks adequate safety measures , even after a recent recall. The 56-year-old driver of the 2022…

17

Biden's Strolls to Marine One Are a Bit Different These Days

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Conservative outlets closely follow President Biden's every move , seeking signs to show the commander in chief's age in a negative light. There now seems to be a new strategy by the Biden camp for dealing with that: Don't let him walk to…

16

Good News for Chipotle Workers: Let Them Eat Chicken Again

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Excellent news if you love chicken and you happen to work at Chipotle: You're allowed to order the pollo version of your meals again. After a strong suggestion was sent last week to staffers in the US and Canada asking them not to add…

Pecker Airs 'Catch and Kill' Stories About Other Celebrities

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A lot of celebrity dirt was aired during day seven of Donald Trump's hush-money trial, only some of that being Trump's own. Former National Enquirer publisher David Pecker testified Thursday that Trump was nervous about the publication…

13

Southwest Is Ending Service to 4 Airports

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Delays to delivery of Boeing aircraft have been "very painful," Southwest Airlines CEO Bob Jordan said Thursday after the airline disclosed rising losses in the first quarter of this year. He said the company is "reacting and replanning…

Thursday, Apr 25

23

Dow Has a Rough Day Thanks to GDP, Meta

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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'

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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

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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

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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

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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

Right-Wing Blog Heads for Chapter 11

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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

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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

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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'

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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

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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

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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

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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

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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

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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

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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

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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'

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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'

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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

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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

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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

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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…