BREAKING NEWS
Judge Blocks Biden Administration’s COVID-19 Vaccine Mandate for Health Care Workers
By Zachary Stieber A federal judge on Nov. 29 halted the Biden administration’s COVID-19 vaccine mandate for health care workers, although the ruling only applies to 10 states. The mandate, promulgated earlier this month by the Centers for Medicare & Medicaid Services (CMS), required approximately 17 million workers to get a jab or face termination. But CMS lacks…
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US Stock Futures, Oil Rebound as Investors Buy Omicron Dip
By Tom Ozimek U.S. stock futures and crude oil prices led a market rebound on Nov. 29 following sharp selloffs in risk assets on Black Friday triggered by Omicron-related headlines, with investor mood seeming more upbeat after top financial firms over the weekend urged no portfolio adjustments in the wake of news of the COVID-19 variant.…
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Cyber Monday Sales Expected to Slow as Shoppers See Fewer Deals
By Reuters U.S. retailers are estimated to generate online sales of up to $11.3 billion on Cyber Monday, a decline in growth from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers. Retailers had also spread out promotional deals across more weeks this year to protect profit…
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Biden’s Build Back Better bill fails Manchin’s three-part test
By Conn Carroll West Virginia Sen. Joe Manchin has a three-part test he applies to new legislation, and President Joe Biden’s Build Back Better agenda doesn’t make the cut. According to Axios , Manchin asks three questions about any proposed spending program: 1) Are proposed programs paid for? 2) Do they have bipartisan support? 3) And do…
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Fauci hit by Cruz missile in war of words over ‘science’
By Daniel Chaitin, Deputy News Editor Sen. Ted Cruz fired back at Dr. Anthony Fauci in a cocktail of words mixing science, politics, and COVID-19. The Texas Republican sent a sharply worded tweet thread in response to Fauci, President Joe Biden’s chief medical adviser, who condemned GOP senators for “dangerous” rhetoric aimed at him and, by extension, science.…
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Goldman Sachs Slams Omicron Panic: ‘Mutation Is Unlikely to Be More Malicious’
By Jack Phillips Investment bank Goldman Sachs has asserted that concerns over the COVID-19 Omicron variant likely are unfounded. “This mutation is unlikely to be more malicious and that the existing vaccines will most likely continue to be effective in preventing hospitalizations and deaths.” Goldman said in a Nov. 26 note, “we do not think that the new variant is sufficient…
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Florida Reports Lowest Daily COVID-19 Cases per Capita in US
By Jack Phillips Florida is now tied for the lowest daily COVID-19 cases per capita in the United States. A Nov. 26 update shows the Sunshine State reported a daily average of 1,393 CCP (Chinese Communist Party) cases as of Friday, or about six cases per 100,000 people. That represents a five percent decrease over the past two weeks, data from the…
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US and China Race to Control the Future Through Artificial Intelligence
By Shi Shan and Anne Zhang News Analysis As every aspect of modern life becomes more and more digitized, not just the economies of nations, but their sovereign influence will rely more and more on their command of technology, and especially the emerging technology of artificial intelligence (AI). In the 21st-century information technology revolution, whoever reaches a breakthrough in developing AI…
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Any civil rights lawsuit against Kyle Rittenhouse ‘will fail,’ legal analysts say
By Kaelan Deese, Breaking News Reporter Following the jury’s acquittal of Kyle Rittenhouse , the teenager who beat felony homicide charges over the deaths of two protesters in Kenosha, Wisconsin , legal analysts contend any follow-up civil rights case “will fail” if prosecutors push for one. The verdict prompted a condemning response from the likes of House Judiciary Committee Chairman…
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Buyer’s remorse: Five California laws that have come back to bite them
By Tori Richards, Investigative Reporter California has a propensity for starting trends that sweep through the rest of the nation, whether it was the hippie era in the ’60s, high tech in the ’90s, or a host of environmental regulations in the 2000s, to name a few. Politicians have run this fifth-largest economy in the…
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Dow Jones Drops 900 Points on Opening Bell as New COVID-19 Variant Roils Markets
By Tom Ozimek The Dow Jones fell over 900 points just after opening bell on Nov. 26, with other major Wall Street stock indexes—and risk assets more generally—also seeing sell-offs as news of a new COVID-19 variant spreading in South Africa seems to have sparked a broader risk-off sentiment among investors. By 10:30 a.m. New York time,…
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Earthquake Magnitude of 6.1 Shakes Burma-India Border Region
By Aldgra Fredly A magnitude 6.1 earthquake struck near the Burma-India border region around dawn on Friday, but there have been no immediate reports of casualties or damage. The earthquake occurred at a shallow depth of 7.5 miles (12 km), and was about 87 miles (140 km) away from Aizawl in northeastern India, according to India’s…
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Oil Prices Drop to 2-month Lows as New COVID-19 Variant Puts Markets on Edge
By Tom Ozimek Oil prices plunged more than 5 percent in early trading on Nov. 26, hitting a two-month low as the emergence of a new COVID-19 variant spooked investors, driving down risk assets like stocks and pushing up havens like gold and bonds. Brent crude, the global benchmark, fell 5.8 percent to $77.49 a barrel by 6:43 am New York time,…
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Epstein Victims’ Fund Hands Maxwell Accusers’ Claims to Maxwell, Prosecutors
By Zachary Stieber Information about women who said they were abused by late sex offender Jeffrey Epstein was handed over on Nov. 24 to prosecutors and defense attorneys associated with the case of close Epstein associate Ghislaine Maxwell, who has been accused of helping to recruit and groom the women when they were underage. The information…
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What Americans Say About Rising Prices This Thanksgiving
By Cara Ding, Steven Kovac, Jackson Elliott, Michael Sakal, Allan Stein and Jannis Falkenstern On the verge of celebrating Thanksgiving with her family, Melissa Ngo wasn’t happy after her grocery shopping trip. The high price of gasoline has cut into her family’s budget for everything, she said. She’s now having to shop at three different grocery stores—Giant Eagle, Marc’s, and Aldi—to find the lowest…
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