The Labor Department said Thursday that jobless claims declined by 7,000 from the previous week, to 411,000. The number of weekly applications for unemployment aid has fallen steadily this year, from about 900,000 in January.
The White House acknowledged Wednesday that the emergency pandemic protection will have to end at some point. The trick is devising the right sort of off-ramp to make the transition without massive social upheaval.
Eli Lilly and Co. shares jumped more than 9% Thursday morning after it received “breakthrough therapy” designation for donanemab from the U.S. Food and Drug Administration, putting the drug on a path that could expedite its development.
The International Brotherhood of Teamsters, a union that represents 1.4 million workers, is set to vote Thursday on whether to make organizing Amazon workers its main priority.
The group had been narrowing on a much smaller but still sizable $1 trillion proposal of road, highway and other traditional infrastructure projects.
The ambitious legislation could curb the market power of tech giants Facebook, Google, Amazon and Apple and force them to sever their dominant platforms from their other lines of business.
The court voted 8-1 in favor of Brandi Levy, who was a 14-year-old high school freshman when she expressed her disappointment over not making the varsity cheerleading squad on Snapchat with a string of curse words and a raised middle finger.
As the United States emerges from the COVID-19 crisis, Missouri is becoming a cautionary tale for the rest of the country.
The report from the inspector general of the Department of Health and Human Services found that nursing home deaths overall jumped by 169,291 from the previous year, before the coronavirus appeared.
In the past year, used vehicle prices on average have climbed 30%, according to Black Book, which tracks car and truck data. That’s created many crazy situations where high-demand vehicles are selling for more than they did when they were new.
After the NCAA’s stinging legal loss this week, college sports leaders are acknowledging the path forward will have to include changes that once seemed antithetical to the mission.
Legal experts say such vaccine requirements, particularly in a public health crisis, will probably continue be upheld in court as long as employers provide reasonable exemptions, including for medical conditions or religious objections.
The suit contends that IU’s policy violates the Fourteenth Amendment, which includes the rights of personal autonomy and bodily integrity and the right to reject medical treatment.
Six Division I conferences, including the SEC, ACC and Pac-12, have put forth an alternative stopgap measure that cuts out the NCAA and allows athletes to be compensated for name, image and likeness before a federal law is passed.
Federal Reserve Chairman Jerome Powell’s remarks follow a meeting of the Fed’s policymaking committee last week, when central bank officials signaled they now may increase the Fed’s benchmark interest rate twice in 2023.
President Joe Biden wants to increase taxes for corporations and those households making more than $400,000 a year. Republicans have ruled that out, putting forward alternatives that Democrats find unacceptable.
The high court delivered a heavy blow to a defense the NCAA has used for years, that in its role as a shepherd of amateur sports it deserves “latitude” under antitrust laws.
Investors are still figuring all the ramifications of the Fed’s latest meeting on interest-rate policy, where it indicated it may start raising short-term rates by late 2023.
The case involved more than 200 administrative patent judges who make up the Patent Trial and Appeal Board and issue hundreds of decisions every year. The case is of particular importance to patent holders and inventors, including major technology companies.
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
