WASHINGTON — A top White House aide defended President Joe Biden’s decision not to extend the federal Covid-19 eviction moratorium on Monday, two days after nearly a yearlong nationwide halt on rental evictions expired. “Unfortunately, the Supreme Court declared on June 29 that the [Centers for Disease Control and Prevention] […]
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CDC says 7-day average of daily U.S. Covid cases surpassed peak seen last summer
A man inquires about a coronavirus disease (COVID-19) test at a mobile testing van in Brooklyn, New York, U.S., June 2, 2021. Brendan McDermid | Reuters The seven-day average of daily coronavirus cases in the U.S. surpassed the peak seen last summer when the nation didn’t have an authorized Covid-19 […]
Dow tumbles nearly 100 points after late-day sell-off in stocks
U.S. stocks gave up early gains and turned negative for the session on Monday as concerns about Covid variants and peaking economic growth weighed against strong earnings results. The Dow Jones Industrial Average fell 97.31 points, or 0.28%, to 34,831.16 and the S&P 500 slipped 0.18% to 4,387.16 with most […]
Fed Governor Waller sees reduction in bond purchases possibly starting in October
The Federal Reserve could begin slowing down its bond purchases as early as October under a scenario central bank Governor Christopher Waller set out to CNBC in a Monday interview. Should the August and September jobs report show growth in the 800,000 range, that would get the U.S. economy near […]
Bill Gates and Melinda French Gates are officially divorced following 27-year marriage
Bill and Melinda French Gates Chris Ratcliffe | Bloomberg | Getty Images Microsoft Co-Founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with the King County Superior Court of Washington made the move official, three months after the couple announced their […]
As the economy hits its peak, stock market gains could be harder to come by
A specialist trader works inside his post on the floor of the New York Stock Exchange (NYSE). Brendan McDermid | Reuters Diminishing economic returns could mean diminishing stock market returns as the U.S. transitions to a post-pandemic economy. Wall Street increasingly is talking about peak growth in both the economy […]
U.S. reaches 70% Covid vaccine milestone for adults about a month behind Biden’s goal
Cullen Veasley, 17, receives his second dose of the coronavirus disease (COVID-19) vaccine at a mobile pop-up vaccination clinic hosted by the Detroit Health Department with the Detroit Public Schools Community District at Renaissance High School in Detroit, Michigan, July 26, 2021. Emily Elconin | Reuters Seventy percent of U.S. […]
Trump PACs paid lawyers nearly $8 million as he fought election results and impeachment
Former U.S. President Donald Trump speaks during the Rally To Protect Our Elections conference on July 24, 2021 in Phoenix, Arizona. Brandon Bell | Getty Images Former President Donald Trump’s political action committees combined to spend just over $7.9 million on legal fees, with much of it going toward lawyers […]
NJ Gov. Murphy mandates vaccines for state health care and other frontline workers
Phil Murphy, New Jersey’s governor, speaks at a news conference after touring the New Jersey Convention and Exposition Center Covid-19 vaccination site in Edison, New Jersey, Jan. 15, 2021. Mark Kauzlarich | Bloomberg | Getty Images New Jersey Gov. Phil Murphy mandated vaccines for a variety of the state’s frontline […]
Google will abandon Qualcomm and build its own smartphone processors this year
Google Pixel 6 and Pixel 6 Pro phones Google Google announced Monday it will build its own smartphone processor, called Google Tensor, that will power its new Pixel 6 and Pixel 6 Pro phones this fall. It’s another example of a company building its own chips to create what it […]