With rising costs of goods and services, turning to “buy now, pay later” plans when you check out can be tempting. With no interest or fees, not to mention the predictability of installment plans, this option seems like a more ideal payment method than a credit card. But using these plans to…
U.S. futures were essentially flat one day after markets tumbled on surprisingly strong economic reports that highlighted the challenges the Federal Reserve faces in battling inflation. Futures for the S&P 500 and Dow Jones industrials shifted between small gains and losses before the be…
President Joe Biden is going to the building site for an Arizona computer chip plant to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority. The Democratic president has staked his legacy in large part on major investment…
Kohl's is the latest to test self-checkout stations. Other stores are adding them, too.
Facebook’s quasi-independent oversight board says an internal system that exempted high-profile users, including former President Donald Trump, from some or all of its content moderation rules needs a major overhaul. The report released Tuesday by the Oversight Board said that the system “is…
A newly founded Japanese semiconductor company aiming to revive Japan’s chip industry will collaborate with a Belgian research organization in research and development of next-generation chips for production in Japan. Economy and Industry Minister Yasutoshi Nishimura told reporters Tuesday that the new company, Rapidus, which was launched last month by eight big corporations including automakers, electronics giants and chipmakers, will team up with Imec, a Belgium-based research organization known for the nanoelectronics and digital technologies key to developing next-generation chips. Japan’s government is spending 70 billion yen ($510 million) to encourage domestic chip production while collaborating with the United States.
Rushing to file for benefits might hurt you in the long run.
China's leaders have eulogized the late Jiang Zemin as a loyal Marxist-Leninist who oversaw their country's rapid economic rise while maintaining rigid Communist Party control over society. President and party leader Xi Jinping praised Jiang in an hour-long address at Beijing's Great Hall of the People as senior officials and military brass stood at attention. Xi emphasized Jiang's role in maintaining political stability in allusion to his rise to be top leader just ahead of the army's bloody suppression of the 1989 student-led pro-democracy movement centered on Beijing's Tiananmen Square. Jiang died just days after China's largest street protests since 1989, which were fueled by anger over draconian COVID-19 restrictions.
The Canadian branch of Amnesty International says it was the target of a cyberattack sponsored by China. The human rights organization says it first detected the breach Oct. 5 and hired forensic investigators and cyber security experts to investigate. It says cybersecurity firm Secureworks said there was no attempt to monetize the access and the nature of the searches means the group behind the attack was likely “sponsored or tasked by the Chinese state.” The searches in their systems were specifically and solely related to China and Hong Kong, as well as a few prominent Chinese activists.
Stocks are mostly lower in Asia after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Tokyo rose while other regional markets declined. U.S. futures gained and oil prices also advanced. The S&P 500 fell 1.8% Monday. The Dow Jones Industrial Average lost 1.4% and the tech-heavy Nasdaq gave back 1.9%. Small-company stocks fell even more. The services sector, which makes up the biggest part of the U.S. economy, showed surprising growth in November. At the same time, markets have been lifted by expectations China will press ahead with easing its stringent pandemic restrictions, relieving pressures on trade, manufacturing and consumer spending.
The major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike. The Interfaith Center on Corporate Responsibility said Monday that two investment managers it works with filed proposals at Union Pacific and Norfolk Southern railroads to allow shareholders to vote on whether rail workers should get paid sick leave. Similar proposals are likely at CSX and at BNSF’s parent company of Berkshire Hathaway. The lack of paid sick time in the industry became a major sticking point this fall in contract talks between the railroads and their 12 unions.
The Supreme Court’s conservative majority is sounding sympathetic to a Christian graphic artist who objects to designing wedding websites for gay couples. But in arguments Monday, liberal justices suggested that allowing that discrimination could open the door to broader refusals by businesses to serve Black, Jewish or Islamic customers, interracial couples and many others. The Colorado case is the latest clash of religion and gay rights to land at the high court. A case involving a Colorado baker and a wedding cake for a gay couple ended with a limited decision five years ago and is to return to the court.
California could become the first state to fine big oil companies for making too much money. The proposal is a reaction to the oil industry's supersized profits following a summer of record-high gas prices in the nation's most populous state. Gov. Gavin Newsom and his Democratic allies in the state Legislature introduced the bill on Monday. But the proposal is missing key details. It does not say how much profit is too much or how much the fine would be for oil companies exceeding it. Newsom said those details would be sorted out after negotiations with the state Legislature.
The unabashedly liberal city of San Francisco became the unlikely proponent of weaponized police robots last week after supervisors approved them for limited use. In doing so, the board addressed head-on an evolving technology that's become more widely available, although rarely deployed to confront suspects. San Francisco Police Chief Bill Scott said armed robots would be used only as a last resort. Three members of the city's Board of Supervisors joined dozens of protesters against the policy outside City Hall on Monday. Police departments across the U.S. are facing increasing scrutiny of militarized equipment, amid a yearslong national reckoning on criminal justice.
Jurors in the Trump Organization’s criminal tax fraud trial will continue deliberating for a second day on Tuesday as they weigh charges that former President Donald Trump’s company helped executives dodge personal income taxes on perks. Jurors deliberated for about four hours on Monday. The deliberations follow a monthlong trial that featured testimony from seven witnesses, including longtime Trump Organization finance chief Allen Weisselberg and Senior Vice President and Controller Jeffrey McConney. An outside accountant who spent years preparing tax returns for Trump and the company also testified.
Stacker compiled a list of the best performing S&P 500 stocks last week using data from IEX Cloud.
CoPilot compiled a list of 10 cars driven by celebrities, their estimated current market values, unique features, and how they came to be owned by each famous face.
The Minnesota Board of Pharmacy is suing a Moorhead-based manufacturer of THC-laced gummies, saying the company’s candies contain far stronger doses of the chemical that gives marijuana its high than state law allows. The lawsuit filed Monday alleges that Northland Vapor and its stores in Moorhead and Bemidji are violating Minnesota’s new law allowing low-potency edible and drinkable cannabinoids. It alleges investigators found candies with 20 times the legal dose and packages containing 50 times the limit. The board says it has embargoed the products, which it says have a retail value of over $7 million
The pandemic is over, but college enrollment does not seem to be recovering. In fact, preliminary data from the National Student Clearinghouse Research Center, or NSCRC, show that fall 2022…
The World Cup stadium was designed to leave a minimal footprint in the Qatari sand. It’s now due to be dismantled. Stadium 974 played host to seven matches. The one one was Brazil’s 4-1 win over South Korea in the last 16 on Monday. Qatar says the stadium will disappear. But it isn’t clear when that will happen. The country will soon stage an Asian Cup, the multi-sport Asian Games and maybe even a Summer Olympics. The big question is what happens next for Qatar's venues after the World Cup ends.
Masterworks.io examined various collectibles and their sales over the past year and explored why people may choose to collect certain items.
This week’s new entertainment releases include Will Smith’s comeback campaign in the Antoine Fuqua movie “Emancipation,” a documentary about Broadway star Idina Menzel, the video game “Dragon Quest Treasures” and a TV series exploring the tumultuous relationship between country music stars Tammy Wynette and George Jones. Director Guillermo del Toro finally gets to release his version of "Pinocchio” and there's a holiday-themed romantic comedy at Amazon Prime about a jewelry mix-up that leads to sparks in “Something from Tiffany’s.” Can’t get to New York but still want to hear chart-toppers? Join the iHeartRadio Jingle Ball Tour at Madison Square Garden with Dua Lipa, Lizzo, and Charlie Puth,
A Memphis hospital says it has paused, not stopped, its gender-affirming services in response to possible legal action by civil rights advocates who argue the hospital’s move is illegal and discriminatory. The American Civil Liberties Union of Tennessee last week accused Memphis-based Methodist Le Bonheur Healthcare of halting all gender-affirming surgeries due to a newly adopted policy. The hospital said in a statement it has not changed its practices “regarding the treatment of transgender and/or non-binary patients.” A spokesperson for the ACLU-TN hasn't responded to an email requesting comment Monday. MLH's website says the hospital serves more than 128,000 adult Medicaid patients each year.
The United States and European Union have agreed to intensify talks to resolve EU concerns over major subsidies for American companies contained in a U.S. clean energy law. Although no deal was reached at talks Monday, the two sides pledged to continue work and push for a solution that benefits both U.S. and European firms, workers and consumers. The U.S. Inflation Reduction Act offers about $375 billion in new and extended tax credits to help the the U.S. clean energy industry as well as buyers of qualifying electric vehicles made in North America. But European leaders have expressed alarm that the subsidies would be an enormous setback for European companies.