Tech firms say there’s little doubt Russia behind major hack
In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack of almost breathtaking precision, ambition and scope.
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Stock market bounces back from big early losses
The reversal came after after reassuring comments from Federal Reserve Chairman Jerome Powell on inflation and the outlook for growth spurred traders to buy the dip.
New or used? Either way, price hikes squeeze U.S. auto buyers
The price of an average new vehicle jumped 6% between January and December 2020, to a record $40,578, according to data from Edmunds.com. Yet, that increase was nothing next to what happened in the used market.
Fed’s Powell: Recovery incomplete, high inflation unlikely
Federal Reserve Chair Jerome Powell’s comments were in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year. That outlook has also raised concerns, though, about a potential surge in inflation.
Black Indiana lawmakers seek reprimands after confrontations
The Indiana Black Legislative Caucus called Tuesday for lawmakers who sparked confrontations with Black legislators last week to face reprimands and for all lawmakers to undergo mandatory anti-bias training.
COVID-19 deaths surpass 500,000 in United States
The COVID-19 death toll in the United States has reached a staggering number that all but matches the number of Americans killed in World War II, Korea and Vietnam combined.
EPA changes stand, sides with ethanol industry in court case
The federal government announced Monday that it will support the ethanol industry in a lawsuit over biofuel waivers granted to oil refineries under President Donald Trump’s administration.
Johnson & Johnson says it can provide 20M vaccine doses by end of March
The company reiterated that it will have capacity to provide 100 million vaccine doses to the U.S. by the end of June. That supply will help government officials reach the goal of having enough injections to vaccinate most adult Americans later this year.
Biden boosts pandemic lending to smallest businesses
Under the Paycheck Protection Program, the administration is establishing a two-week window, starting Wednesday, in which only businesses with fewer than 20 employees—the overwhelming majority of small businesses—can apply for the forgivable loans.
Judge says railroad talks should be included in lawsuits
The ruling undercuts one of the defenses that Union Pacific, BNSF, CSX and Norfolk Southern had offered in dozens of lawsuits that major companies filed last year questioning the way railroads set shipping rates.
Boeing: 777s with engine that blew apart should be grounded
Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this weekend, and most carriers that fly those planes said they would temporarily pull them from service.
FAA orders United to inspect Boeing 777s after emergency
The announcements come a day after United Airlines Flight 328 had to make an emergency landing at Denver International Airport after its right engine blew apart just after takeoff.
Biden team aiming for bigger vaccine numbers
Limited supply of the two approved COVID-19 vaccines has hampered the pace of vaccinations—and that was before extreme winter weather delayed the delivery of about 6 million doses this past week.
Kroger latest victim of third-party software data breach
Kroger said the breach did not affect Kroger stores’ IT systems or grocery store systems or data and there was no indication that fraud involving accessed personal data had occurred.
Stocks pare gains while bonds extend losses
U.S. stocks turned mixed as benchmark Treasury yields climbed to the highest levels in a year, renewing concern that rising borrowing costs and price pressures could derail the economic recovery.
Federal Reserve sees modest pickup in hiring this month
The Federal Reserve says there’s evidence that hiring has picked up in recent weeks, although the job market remains badly damaged by the pandemic.
Massive breach fuels calls for U.S. action on cybersecurity
The hackers, as yet unidentified but described by officials as “likely Russian,” had unfettered access to the data and email of at least nine U.S. government agencies and about 100 private companies, with the full extent of the compromise still unknown.
Governor signs bill for Indiana COVID-19 lawsuit shield
Indiana businesses and others now have broad protections from lawsuits by people blaming them for contracting COVID-19 under a new state law.
Indiana voucher plan could take 1/3 of school-funding boost
Republicans tout their proposal as giving parents more choices over how to educate their children, while Democrats and other opponents argue that it further drains funding from traditional school districts.
Stocks fall as investors fret over jobless claims, inflation
Bond yields continue to climb, as murmurs of inflation have started among investors and as the economy continues to climb out of the hole that was created by the pandemic.