Opinion: The Fed is determined to stop wages from rising

AUSTIN, Texas (Project Syndicate)—Federal Reserve Chair Jerome Powell has now committed to putting monetary policy on a course of rising interest rates, which could boost the short-term rate (on feder...

Companies founded by Martin Shkreli will pay in Daraprim case

Ex-pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York in June, 2017. Getty Images Companies founded by notorious “Pharma Bro” M...

Biden helping states plug orphan oil gas wells, cut methane emissions

Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration on Monday announced it will send $1.15 billion to st...

Boeing wins Qatar Airways order for 737 Max planes, new 777X freighters

The Boeing 777-8 Freighter The Boeing Company Boeing won a big order from Qatar Airways on Monday as the airline feuds with rival manufacturer Airbus. Shares of Boeing surged on the orders, up more th...

BA.2 more contagious, but vaccinated less likely to spread it, study finds

A healthcare worker administers a Covid-19 test at testing site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images The omicron BA.2 subvariant i...

Obamacare plans are more affordable, helping the Great Resignation

Workers are quitting their jobs in record numbers – part of what is now called The Great Resignation. Around 4 million workers have quit each month between July and November 2021. Erica Leman had main...

UK investigation into Downing Street Covid lockdown parties finds ‘failures of leadership’

Prime Minister Boris Johnson leaves 10 Downing Street to make a statement at Parliament on January 31, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The interim find...

5 things to know before the stock market opens Monday, Jan. 31

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower on final day of dismal January trading Traders work on the floor of the...

How some small businesses have survived the Covid pandemic without them

The storefront of Mark Shriner’s small business, The Coffee House, in downtown Lincoln, Nebraska. Courtesy: Mark Shriner Mark Shriner needed help. It was spring 2020, and his coffee shop in Linc...

Opinion: The party’s over: The Fed and Congress have pulled their support from workers and investors

Even as the government reports the fastest economic growth in nearly 40 years, the historic gains in income and wealth that inflated the economy in 2020 and 2021 are fading fast. The air is coming out...

The new BA.2 omicron subvariant is already circulating in half of U.S. states

Dr. Pierre Coulon, PhD examines microscope images of vaccinated mice in Irvine on Wednesday, February 3, 2021. Leonard Ortiz | MediaNews Group | Orange County Register via Getty Images There are alrea...

The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season

Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...

‘Maus’ is Amazon bestseller after Tennessee school ban

This illustration photo taken in Los Angeles, California on January 27, 2022 shows a person holding the graphic novel “Maus” by Art Spiegelman. Maro Siranosian | AFP | Getty Images “...

60 million U.S. households have ordered free Covid tests, White House says

Home test kits, specifically iHealth COVID-19 Antigen rapid self-tests, are stacked for delivery in Boston on Jan. 5, 2022. Lane Turner | Boston Globe | Getty Images The White House on Friday said 60 ...

Prince Andrew ends St. Andrews golf membership

Prince Andrew tees off at the 18th hole at St. Andrews in Scotland, October, 1994. Stephen Munday | Getty Images CNBC Politics Read more of CNBC’s politics coverage: The prince was a friend of t...

California in transformational moment to fight climate change

California Governor Gavin Newsom on Thursday said the state’s in a “transformational moment” to shift away from fossil fuels, as climate change continues to fuel devastating wildfire...

Supreme Court Justice Ruth Bader Ginsburg book nets $100,000 at auction

Supreme Court Justice Ruth Bader Ginsburg participates in a discussion during the Library of Congress National Book Festival at the Walter E. Washington Convention Center on Saturday, August 31, 2019....

Populist nations fared much worse during Covid outbreak, research says

Viktor Orban, Hungary’s prime minister, delivers a speech at the Fidesz party headquarters in Budapest, Hungary, on April 8, 2018. Akos Stiller | Bloomberg via Getty Images Risk of death from Co...

CDC says ‘milder doesn’t mean mild’ amid Covid hospitalization spike

Dr. Rochelle Walensky, director of Centers for Disease Control and Prevention attends a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the coronavir...

Moderna starts clinical trial of booster shot targeting omicron Covid variant

A healthcare worker fills a syringe with Moderna COVID-19 vaccine at the Giorgio Companies site in Blandon, PA where the CATE Mobile Vaccination Unit was onsite to administer Moderna COVID-19 Vaccines...

Los Angeles bans new oil and gas wells, will phase out old ones

A view of the Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California, April 25, 2020. Robyn Beck | AFP | Getty Images The Los Angeles City Council on Wednesday voted to ban new oil...

Boeing posts third annual loss in a row as Dreamliner costs hit $5.5 billion

An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Boeing hit a key milestone in...

More than two-thirds of omicron cases are reinfections, study suggests

Members of the public queue for Covid-19 vaccinations and booster jabs at St Thomas’ Hospital on December 14, 2021 in London, England. Dan Kitwood | Getty Images News | Getty Images Omicron has ...

Fed will raise its policy interest rate above the inflation rate ‘sooner rather than later,’ says ex-governor Quarles who resigned last month

Former Federal Reserve Governor Randal Quarles said Tuesday that he thinks the Fed will move swiftly to raise its policy interest rate above the inflation rate because that is the only way to defeat i...

The next Covid variant will be more contagious than omicron, WHO says

RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Ge...

Ruth Bader Ginsburg’s books get big bids in auction

Justice Ruth Ginsburg Joanne Rathe | The Boston Globe | Getty Images More than 1,000 books from late Supreme Court Justice Ruth Bader Ginsburg’s personal library are up for auction — and things ...

OSHA withdraws rule for businesses after losing Supreme Court case

The Biden administration is formally withdrawing its vaccine and testing mandate for businesses, after the Supreme Court blocked the requirements earlier this month. The Occupational Safety and Health...

McKinsey calculates capital spending required to reach net-zero by 2050

A wind farm shares space with corn fields in Latimer, Iowa, U.S. Jonathan Ernst | Reuters As the world grapples with a worsening climate change crisis, governments and companies are pledging to achiev...

Tom Brady says family will play big role in whether he retires or returns to the NFL

Tom Brady #12 of the Tampa Bay Buccaneers celebrates with Gisele Bundchen after winning Super Bowl LV at Raymond James Stadium on February 07, 2021 in Tampa, Florida. Kevin C. Cox | Getty Images Recor...

IMF cuts global growth outlook for 2022, US and China recovery wanes

The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. Stefani Reynolds | AFP | Getty Images The International Monetary Fund h...

Consumers accuse small retailers of price gouging on Covid tests

When Ja’Kiem Crayon tells customers the price for a single Covid-19 at-home test at the Manhattan-based pharmacy where he works, he’s often in for an argument. “They come in, they...

Covid and JNJ earnings Q4 2021

The Janssen Johnson & Johnson COVID-19 vaccine. Allen J. Schaben | Los Angeles Times | Getty Images Johnson & Johnson on Tuesday projected that its Covid vaccine would generate $3 billion to $...