Republicans narrowly win House, ending full Democratic control of Congress
The coming shift in power—which in January will end two years of unified Democratic control in Washington—is sure to complicate the second half of President Joe Biden’s term.
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Judge grants final approval of $6 billion student loan settlement
About 200,000 student loan borrowers who say they were defrauded by their colleges will soon have their debts automatically canceled after a federal judge granted final approval of a $6 billion settlement Wednesday.
Loud music might be damaging ears of 1 billion young people, study says
Researchers estimated that between 18 and 29 percent of young people worldwide were regularly exposing themselves to excessively loud noises on headphones, and they estimated just under half were being exposed to unsafe levels in loud venues.
Amazon starts widespread layoffs in corporate ranks
The e-commerce giant is expected to cut about 10,000 workers, or 3 percent of its corporate workforce.
Google reaches record $392M privacy settlement over location data
The investigation centered allegations of misleading and deceptive tactics regarding users’ location data.
Appeals court grants injunction against Biden’s student loan forgiveness
The future of President Biden’s student loan forgiveness program remains in doubt after a federal appeals court issued an injunction preventing the government from discharging any debt while it considers a lawsuit to end the policy.
A fake tweet sparked panic at Eli Lilly and may have cost Twitter millions
By Friday morning, Eli Lilly executives had ordered a halt to all Twitter ad campaigns—a potentially serious blow, given that the $330 billion company controls the kind of massive advertising budget that Musk says the company needs to avoid bankruptcy.
Democrats keep control of U.S. Senate with win in Nevada
Control of the House was still up in the air on Sunday, as vote counting continued days after an election in which Democrats overperformed expectations in many contested areas across the country.
Cryptocurrency exchange FTX files for bankruptcy as CEO resigns
The Justice Department and two federal regulators have launched probes into FTX, looking into whether the collapsing cryptocurrency exchange had skirted rules on safeguarding consumer deposits and relationships with trading affiliates, according to four people familiar with the inquiries.
Raising Cane’s raises Cain over lease that bans chicken fingers
Raising Cane’s filed a lawsuit against the Indiana shopping center’s owner, Schottenstein Property Group, alleging fraud and saying the would-be landlord failed to disclose the existence of the chicken ban.
GOP limps toward U.S. House control with Senate still in play
It could take days to know the balance of power as officials count mail-in ballots in dozens of close races. And some may be subject to recounts and court challenges.
Meta laying off 11,000 as tech industry slashes jobs
The layoffs mark a tumultuous new period in Silicon Valley, as tech giants long known as bastions of economic power and recession-proof have shed huge numbers of workers in recent weeks.
Paxlovid may reduce long COVID risk for some patients, study finds
Even as vaccines have reduced the risk of hospitalization and death from infection with SARS-CoV-2, researchers continue to worry about the individual suffering and population-wide threats from long COVID.
Meta expected to lay off thousands amid broader tech slowdown, report says
The industry’s job cuts come as tech firms warn of recession risk and race to cut costs after pandemic-era hiring binges.
Airline pilots ramp up pressure in pay talks as air travel booms
On the table are double-digit pay increases and changes to scheduling rules, which would be a boon to pilots but would increase airline costs.
Elon Musk beginning mass layoffs at Twitter
Musk is expected to proceed with plans to lay off about 50 percent of Twitter’s staff, according to people familiar with the matter.
High demand for amoxicillin causing shortages amid child RSV surge
The supply strain comes as doctors brace not only for the RSV surge to continue but also for the spread of flu and COVID-19 to ramp up.
Experts perplexed as U.S. workers get way less productive
In the first half of 2022, productivity—the measure of how much output in goods and services an employee can produce in an hour—plunged by the sharpest rate on record going back to 1947, according to data from the Bureau of Labor Statistics.
Top Twitter executives fired as Elon Musk takeover begins
Musk became Twitter’s owner late Thursday as his $44 billion deal to take over the company closed, marking a new era for one of the world’s most influential social media platforms.
Schools got $122B to reopen last year. Most has not been used.
School systems throughout the country reported using less than 15 percent of the latest round of federal education funding allotted during the last school year. Meanwhile, education advocates worry students continue to fall behind academically.