Federal government shutdowns have become so common in recent years that forecasters have a good read on how another one would affect the American economy. The answer is fairly simple: The longer a shutdown lasts, the more damage it is likely to inflict. A brief shutdown would be unlikely to slow the economy significantly or … Read more
Weight-loss drugs can have side effects Health officials raise concern about weight-loss drugs’ possible side effects 05:19 The label for the diabetes drug Ozempic — which has become popular for weight loss — now acknowledges reports of blocked intestines following use of the medication. The change comes after the Food and Drug Administration greenlighted a … Read more
Cryptocurrency lobbyists were riding so high in early 2022 that an FTX executive felt comfortable directly emailing Jerome H. Powell, the chair of the Federal Reserve, to ask him to meet with Sam Bankman-Fried, the soon-to-be-disgraced founder of the cryptocurrency exchange. It worked. “The day that would work for me is February 1,” Mr. Powell … Read more
Hospitality workers in Las Vegas have voted overwhelmingly to authorize a strike against major resorts along the Strip, a critical step toward a walkout as the economically challenged city prepares for major sporting events in the months ahead. The authorization vote on Tuesday by members of Culinary Workers Union Local 226 and Bartenders Union Local … Read more
Preparing for retirement requires decades of saving and planning, yet the majority of American workers say they are already falling behind in building a nest egg for their golden years. About 56% of surveyed workers feel they are lagging in saving for retirement, with 37% of that group describing themselves as “significantly behind,” according to … Read more
Target said Tuesday it is shuttering nine stores in four states because mounting thefts and organized retail crime at those locations is jeopardizing the safety of workers and customers. The closings, which take effect on Oct. 21, include four stores in San Francisco, three stores in Portland, Oregon, and two in Seattle. Target said that … Read more
If the U.S. government shuts down next week, a lapse in federal funding to agencies that enable air travel could disrupt Americans’ fall travel plans. Though Federal Aviation Administration (FAA) employees, including air traffic controllers and Transportation Security Administration (TSA) agents responsible for keeping the skies safe, are deemed essential and would therefore be required … Read more
Donald Trump and his company “repeatedly” violated state fraud law, a New York judge ruled Tuesday. The ruling came in response to a request by New York Attorney General Letitia James seeking judgment on one of the claims in her $250 million civil lawsuit, which is scheduled to go to trial on Oct. 2. Judge … Read more
Taylor Swift isn’t just sending Eras Tour merchandise flying off shelves, she’s now boosting sales of NFL apparel, too. Swift attended a Chiefs game against the Chicago Bears Sunday to show her support for NFL star, Travis Kelce, amid speculation that the two are dating, PEOPLE reported. The pop princess’ appearance at the game sent sales … Read more
The Federal Trade Commission and 17 state attorneys general on Tuesday filed a much-anticipated antitrust case against Amazon, alleging the retailing giant illegally wields monopoly power to maintain higher prices, harming customers and hurting rivals. “Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,” … Read more