Unemployment claims highest since August

This post was originally published on this siteWASHINGTON (AP) — The number of Americans applying for unemployment benefits rose the highest level since August but still remain low by historic standards. The Labor Department reported Wednesday that 240,000 people applied for jobless aid last week, up by 17,000 from the week before. The four-week moving […]

Food banks are struggling this holiday season as inflation creates ‘perfect storm’

This post was originally published on this siteFood banks across the country will enter this holiday season with their resources strained. Inflation is squeezing donations as demand continues.     

Retailers’ Holiday Discounts Are Steeper This Year, CFOs Say

This post was originally published on this siteRetail finance chiefs are entering the busiest shopping season of the year with declining profit margins as their companies offer more discounts to compete for sales and clear out excess stock.

Six people killed in Walmart shooting in Chesapeake, Virginia, authorities say

This post was originally published on this siteSix people are dead after a shooting at a Walmart in Chesapeake, Virginia, authorities said, the latest incident involving gun violence in the U.S.     

Fauci Says He Will ‘Cooperate Fully’ With Republican Oversight Hearings

This post was originally published on this siteWASHINGTON (Reuters)—Dr. Anthony Fauci, the chief medical adviser to the White House, plans to “cooperate fully” with any congressional hearings, he said Tuesday in his last appearance at the White House podium. “If there are oversight hearings, I absolutely will cooperate fully and testify before the Congress,” said […]

Western Allies Aim to Agree on Russian Oil Price Cap Wednesday

This post was originally published on this siteOfficials are discussing setting the price cap at around $60 a barrel, as the group rushes to finalize the plan before it begins early next month.

Pro wrestlers used to love to be hated. But today’s political tensions make that dangerous

Back in the late 1980s, when Beau James started pro wrestling, the crowds came for a show between good and evil, to see a story about heroes and villains, to enjoy the bouts and then go home.

Russia to build attack drones for Ukraine war with the help of Iran, intelligence assessment says

Iran and Russia have reached an agreement to begin the production of attack drones in Russia, according to a new intelligence assessment from a country that closely monitors Iran’s weapons program.

Goldman Sachs Warns Stock Market Slide Is Far From Over

This post was originally published on this site (Reuters)—Goldman Sachs on Monday warned that the global equity bear market is not over as the markets are yet to see a trough in the momentum of global growth deterioration, a peak in interest rates, and valuations lowered to reflect a likely recession. The Wall Street investment […]

Senate Democrats restart talks to try to help DACA recipients during lame-duck session

Senate Democrats are racing against the clock to try to strike an agreement with Republicans to provide a pathway to citizenship for recipients of the Obama-era Deferred Action for Childhood Arrivals program.