Senate Intelligence Committee Chairman Mark Warner, D-Va., called on Wednesday for legislation that would require private companies to report cyber attacks to the government in the wake of the ransomware attack on Colonial Pipeline that has sparked gas shortages in several states and raised fears of rising fuel prices. “We […]
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House GOP expels Liz Cheney from leadership as she vows to continue fight against Trump
House Republicans on Wednesday removed Rep. Liz Cheney from her party leadership role after she urged the GOP to reject former President Donald Trump. Cheney remained defiant, vowing to continue the fight against Trump. “I will do everything I can to ensure that the former president never again gets anywhere […]
Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008
Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% […]
Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% […]
National average for gasoline tops $3 a gallon amid pipeline shutdown, rush to buy in Southeast
A driver leaves BJ’s station looking for gas, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Norfolk, Virginia, May 11, 2021. Jay Paul | Reuters The national average for a gallon of gas jumped above $3 on Wednesday for the first time […]
Five things to know before CDC panel votes on Pfizer’s vaccine for use in adolescents
A student gets her first Pfizer Biontech COVID vaccine at Ridley High School, May, 3, 2021 as part of a clinic for students age 16-18. Pete Bannan | MediaNews Group | Daily Times via Getty Images A key CDC advisory panel is scheduled to vote Wednesday on whether to recommend […]
Amazon wins court appeal as it battles the EU over a $300 million tax bill
A sign at the Amazon.com, Inc. BHM1 fulfillment center is seen before sunrise on March 29, 2021 in Bessemer, Alabama. Patrick T. Fallon | AFP | Getty Images LONDON — Amazon won its appeal against the European Commission on Wednesday, who had ordered the U.S. tech giant to pay back […]
‘A huge moment’: U.S. gives go-ahead for its first major offshore wind farm
The U.S. offshore wind sector took a major step forward Tuesday after authorities gave the green light for the construction and operation of the 800 megawatt (MW) Vineyard Wind 1 project. In a statement, the U.S. Department of the Interior described the development, which will be located in waters off […]
Dow futures slip more than 50 points, after its worst day since February
U.S. stock futures declined in early trading Wednesday after the Dow’s worst day since February. Dow futures fell more than 50 points while S&P 500 futures and Nasdaq 100 futures were also in mildly negative territory. On Tuesday, technology stocks fell but eventually recovered, spurring selling in the broader market. […]
Chinese smartphone giant Xiaomi shares rally over 6% after U.S. agrees to remove it from blacklist
Xiaomi’s headquarters in the Xuhui District of Shanghai. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — The U.S. has agreed to remove Xiaomi from a blacklist that would have barred Americans from investing in the Chinese smartphone maker. Shares of Chinese tech giant Xiaomi rallied as much as […]