Biden’s top economic aide leaving post
WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades.
US applications for jobless aid fell again, last week, to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve as it attempts to cool the economy and bring down inflation.
NEW YORK — Before the artificial intelligence tool ChatGPT was unleashed into the world, the novelist Robin Sloan was testing a similar AI writing assistant built by researchers at Google.
ATLANTIC CITY, N.J. — New Jersey lawmakers will soon discuss a proposed law that would ban smoking in Atlantic City’s casinos, the first action in nearly three years on an emotional issue that is dividing casino patrons and sickening some workers.
BEIJING (AP) — China’s government, on Monday, criticized US controls on technology exports as a trade violation, after Japan and the Netherlands agreed to join Washington in limiting Beijing’s access to materials to make advanced processor chips they say can be used in weapons.
WASHINGTON — For all the sound and fury about raising the nation’s debt limit, most economists say federal borrowing is not at a crisis point ... at least not yet.
HONG KONG (AP) — Hong Kong will ban CBD starting, Wednesday, categorizing it as a “dangerous drug” and mandating harsh penalties for its smuggling, production and possession, customs authorities announced, Friday.
NEW YORK — The decision by Facebook’s parent company to soon reinstate Donald Trump’s account comes at a critical moment for the former president as he tries to build campaign momentum for a return to the White House.
LOS ANGELES — Homeowners who held off on selling their home, in 2022, as the housing market slowed missed out on a windfall and may have to settle for slimmer profits if they opt to sell, this year.
WASHINGTON (AP) — Some users of a system that sends messages to pilots reported delays, on Wednesday, but federal officials said the problem was not affecting flights.
NEW YORK — For decades, work on a massive rail project has been grinding 15 stories below the shuffling footsteps of millions of New Yorkers and beneath the East Hudson River and Manhattan skyscrapers.
WASHINGTON — Ratcheting up his criticism of the Biden administration, Democratic Sen. Joe Manchin, on Wednesday, moved to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law.
Senators grilled Ticketmaster, Tuesday, questioning whether the company’s dominance in the ticketing industry led to its spectacular breakdown, last year, during a sale of Taylor Swift concert tickets.
WASHINGTON — Federal Reserve Vice Chair Lael Brainard said, Thursday, that high inflation in the United States is easing and suggested it was possible that the Fed’s interest rate hikes could slow price acceleration without causing significant job losses.
DAVOS, Switzerland — Swedish climate campaigner Greta Thunberg, on Thursday, slammed corporate bigwigs meeting in Davos, Switzerland, for “fueling the destruction of the planet” by investing in fossil fuels and prioritizing short-term profits over people affected by the climate crisis.
WASHINGTON (AP) — Wholesale prices in the United States rose 6.2%, in December, from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool.
The CEO of United Airlines said, Wednesday, that other airlines won’t be able to handle all the flights they plan to operate, this year, leading to more disruptions for travelers.
MILAN — Milan is ready to party, with menswear shows for next spring and winter focused on nighttime tailoring with playful accents. Think sparkles and glitter, fun silhouettes that invite shadow dancing, and sexy peeks at skin with tailoring tricks once reserved for the female wardrobe.
NEW YORK — When some of the world’s wealthiest and most influential figures gathered at the World Economic Forum’s annual meeting, last year, sessions on climate change drew high-level discussions on topics such as carbon financing and sustainable food systems.
LITTLE ROCK, Ark. — An Arkansas judge voided a state panel’s decision to allow the Cherokee Nation to build a casino in the state, ruling, on Thursday, that the license was issued in violation of the state’s constitution.
DETROIT — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically, Friday, on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.
WASHINGTON — Rising US consumer prices moderated again, last month, bolstering hopes that inflation’s grip on the economy will continue to ease, this year, and possibly require less drastic action by the Federal Reserve to control it.
WASHINGTON — The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month, starting the clock on an expected standoff between President Joe Biden and the new House Republican majority that will test both parties’ ability to navigate a divided …
WASHINGTON (AP) — The IRS is beginning to see “a light at the end of the tunnel” of its customer service struggles, thanks to tens of billions of new money from the Democrats’ climate and health law and the authority to hire more people, according to an independent watchdog within the agency.
FRANKLIN, Tenn. (AP) — In-N-Out Burger announced, Tuesday, that it plans to open a corporate office in Tennessee and restaurants in and around Nashville, by 2026, marking the company’s first expansion east of Texas.