Jobless claims fall more than expected to ease recession fears
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, easing fears of a labor market collapse that had sent markets plummeting. The Labor Department said on Thursday that seasonally adjusted claims for unemployment insurance fell by 17,000 to 233,000 for the week ended Aug. 3, the biggest decline […]
Dow jumps 600 points, S&P and Nasdaq roar higher as recession fears ease
In “Cavuto: Coast to Coast,” former St. Louis Federal Reserve Bank President and CEO James Bullard discusses whether central banks should worry about how markets will react to their decisions. U.S. stocks rose on Thursday as new jobless claims figures eased investor fears of an imminent economic downturn, providing some cheer to a turbulent week […]
Republicans won’t ease inflation if they don’t cut spending
With House Republicans on a six-week recess, it’s a good time to look back on the worst Republican-controlled Congress in history. Even more ominously, they have refused to cut spending by a cent and have actually increased the budget from record levels during their term. Clearly, they have no appetite to cut spending even if […]
NYC to see heat, humidity ease as sweltering temps threaten records across the West Coast
New York will see some relief from the heat and humidity over the next few days, but temperatures will soar across the West, with several days of high temperatures challenging records across the region and possibly setting a new all-time high in the “hottest place on Earth.” “Temperatures in New York will be a few […]
Corrections officers’ union slams Gov. Whitmer, demands she send National Guard to ease staffing shortages
The head of the union representing Michigan corrections officers has called on Democratic Gov. Gretchen Whitmer to deploy the National Guard to help alleviate staffing shortages in the state’s prisons. in letter In a July 3 statement, Michigan Corrections President Byron Osborn addressed the plight of his members, arguing that long hours and mandatory overtime […]
Biden campaign officials seek to ease donor nerves on call
In a conference call Monday night, Biden campaign officials sought to ease the concerns of hundreds of Democratic donors who are skeptical of Biden’s poor performance in the debate against former President Trump. But the call did little to ease concerns, according to several participants. “Nobody feels good about this,” one prominent donor said on […]
Biden campaign working overtime to ease concern over debate performance
The Biden campaign has been working overtime to quell the overwhelming panic that spread following his disastrous debate performance, to the point where party brass have held conference calls with members to try to persuade them, the people said. While Biden mingled with big donors in the Hamptons on Saturday, the Democratic National Committee, led […]
Costco teaming up with developers to build an 800-unit apartment complex in bid to ease housing crisis
Big-box wholesaler Costco is developing a mixed-use complex aimed at making a dent in the affordable housing crisis. The company plans to open a new store in South Los Angeles, partnering with developer Thrive Living and builder AO to build an 800-unit apartment complex, with 184 units set aside for affordable housing. The club, a […]
Kristaps Porzingis’ unclear injury status doesn’t ease pressure on Mavericks
DALLAS — Kristaps Porzingis is back in a familiar but unsettling situation: injury. The Celtics center, who helped swing the series in Boston’s favor with a commanding early win in Game 1, has been diagnosed with ailments that run through most of the alphabet. Dislocation of the left posterior tibial muscle due to medial retinaculum […]
Hochul pumping brakes on congestion pricing could ease pressure on Democrats in tough contests
Gov. Kathy Hochul (D-NY) is debating delaying congestion pricing after recent uproar over it, fearing it could hurt Democrats in competitive House elections. The proposal, which will charge drivers entering parts of Manhattan starting June 30, has been the subject of numerous lawsuits and is unpopular among a majority of New Yorkers. Hochul’s hesitation is […]