Employers added a sluggish US jobs total in November
Friday’s report from the Labor Department showed that the unemployment rate fell sharply to an historic low of 4.2%, but well above the Trump era pre-pandemic economy. Overall, the November…
Business
Markets trend down due to omicron uncertainty
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The stock market started out with gains today but lost them, due to uncertainty caused by the spread of the new omicron variant of coronavirus, which just reached the U.S.…
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Consumer confidence hits low, in part due to COVID-19
The Conference Board reports a nine-month low in consumer confidence due to supply-chain issues, rising prices and the level of uncertainty when it comes to COVID-19. It doesn’t even include…
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Twitter gets new CEO as Jack Dorsey steps down
It’s been a tumultuous reign under CEO and co-founder of Twitter Jack Dorsey, who banned Donald Trump, Qanon and others from the platform, but he is finally stepping down. Twitter’s…
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Biden wants oil and gas leasing overhaul
The Interior Department released a highly anticipated report on recommendations to improve oil and gas leasing on public lands. It recommends recommends hiking federal royalty rates for oil and gas…
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Black Friday almost back to normal
Shoppers are out in full force this Black Friday, after a lull last year due to COVID-19. However, a lot of items are missing due to the supply chain shortage.…
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Stocks drop sharply on Friday
Due to the rise of a new coronavirus variant from South Africa, stocks ended down on Friday. Travel stocks took one of the biggest drops, as the EU proposed suspending…
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Stores kick off Black Friday, but coronavirus woes linger
As normal looms over shopper’s minds, and the desire to get their lives back, Black Friday this year is expected to trounce last year’s in store sales by a considerable…
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52-year low for jobless claims
The economy appears to be rebounding as job claims continue to decline, reaching a 52-year low. However, this is in part due to seasonal hiring for the holidays. The Associated…
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Using public nuisance laws in the opioid battle may not work
A jury found this week that major pharmacy chains in two counties in Ohio were a “public nuisance” for dispensing massive amounts of opioids into society, but not all court…
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Wobbly day for stocks, oil rises despite Biden’s sale
It was a mixed day for the stock market, as the major indexes gained somewhere and lost in other places. Crude oil surprisingly rose 2.3% despite President Joe Biden ordered…
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