Remarkably resilient spending by U.S. consumers overall has been one of the main reasons the economy has avoided a recession, at least so far.
Amber Carter
Posted inNation & World
Harvey Weinstein won’t be sent back to California while he awaits New York rape retrial
Weinstein’s attorney said California first needs to produce a warrant.
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Posted inNation & World, News
Southern Brazil is still reeling from massive flooding as it faces risk from new storms
Heavy rains and flooding in the southern state of Rio Grande do Sul since last week also have left 128 people missing, authorities said.
Posted inBusiness
Carmakers flag difficult year on costs, muted EV demand
Persistent inflation, muted economic growth in much of Europe and a protracted recovery in China – where excessive EV discounting is hurting manufacturers – are adding to the industry’s headaches.
Posted inBusiness
U.S. revokes Intel, Qualcomm licenses to sell chips to Huawei
The decision will affect sales of chips for use in Huawei phones and laptops, according to the people, who discussed the move on condition of anonymity.
Posted inElections, Nation & World, Politics
Biden visits Wisconsin to laud new Microsoft facility, meet voters – and troll Trump
Microsoft’s president credited the Biden administration’s economic policies for paving the way for the new investments in Sturtevant, Wisconsin.
Posted inBusiness
Cocoa’s dizzying volatility is spilling into the coffee market
Just like cocoa, the coffee market is facing severe shortages. Many major traders deal in both commodities, so soaring cocoa prices are squeezing those market players for cash and forcing them out of coffee trading.
Posted inArts & Entertainment, Nation & World, News
Actor Bernard Hill, of ‘Titanic’ and ‘Lord of the Rings,’ has died at 79
His death came the same day the second series of the BBC drama ‘The Responder’ was to air, in which he played the father of the show’s star, Martin Freeman.
Posted inNation & World, News
Driver dies after crashing into security barrier around the White House complex, authorities say
The Secret Service said security protocols were put in place and that there was no threat to the White House. The Secret Service and police will continue to investigate.
Posted inNation & World, News
Child dies in Texas flooding
Rescuers pluck many Houston area residents from the roofs of their homes.