Microsoft Completed Their $69 Billion Acquistion of Activision
After overcoming regulatory problems all over the globe, Microsoft has completed their $69 billion acquisition of the video game company Activision.
Union Workers and Kaiser Permanente Reached Tentative Deal to End the Strike
Kaiser Permanente and union workers, which represents over 75,000 workers, have reached a tentative deal to end the largest-ever health care strike in the history of the United States.
Social Security To Rise Again in January 2024 But Not as Much as January 2023
Social Security’s 2024 COLA drops to an increase of 3.2% in January 2024, down from an increase of 8.7% in January 2023.
U.S. Consumer Prices Rose 3.7% In September
Inflation continued to rise as U.S. consumer prices rose 3.7% in the year through September. This showed that it is holding steady from the previous month.
Exxon Agreed to Purchase Pioneer for $60 Billion
Exxon has agreed to purchase shale company Pioneer for almost $60 billion to create a shale giant company.
The Nobel Memorial Prize in Economics Awarded to the Third Woman to Win It
The Nobel Memorial Prize in Economics was awarded to Claudia Goldin, who is the 3rd woman to win the prize in economics. Goldin was awarded it for her research on…
336,000 New Jobs Were Added in September
U.S. employers added 336.000 jobs in September, but unemployment rate stayed at 3.8%
75,000 Kaiser Permanente Workers Go on Strike
Over 75,000 Kaiser Permanente unionized workers went on strike, making it the largest health care worker strike in U.S. history. The workers, who went on strike, were from California, Colorado,…
U.S. House of Representatives & Senate Passed a Last Minute Bill to Keep the Federal Government Open for 45 Days And President Biden Signed It into Law
Washington, D.C.: The U.S. House of Representatives passed a last minute spending bill to keep the federal government open for business fo 45 days. The bill now heads to the…
Hard-Right Republicans Defeated Speaker of the House Compromisd Spending Bill to Keep the Government Open for Business After Tomorrow
Washington, D.C.: Hard-right Republicans have defeated Speaker of the House Kevin McCarthy’s compromised spending bill which would have kept the government open for business after tomorrow. Without a bill, the…
The United Auto Workers Strike Grows With 1000s More Workers Hitting the Picket Lines
The United Auto Workers strike grows as 7,000 more workers are hitting the picket lines. Workers at a Ford plant in Chicago, Ill. and a General Motors plant near Lansing,…
China Barred an American Executive from Leaving Mainland China
China has barred a senior executive at the U.S. risk-advisory firm Kroll from leaving mainland China. This is the latest ban of foreign employees from leaving the country.
Writers Guild of America’s Leaders Voted Unanimously to Authorize It’s Members to Go Back to Work
The Writers Guild of America’s leaders have unanimously voted to authorize its members to go back to work after a tentative agreement was reached Sunday between the union and Hollywood’s…
F.T.C. and 17 State A.G.s Filed an Antitrust Lawsuit Against Amazon
The Federal Trade Commission and 17 state attorney generals have filed an antitrust lawsuit against Amazon. They are accusing the big online store of using it’s position to inflate prices…
Rite Aid to Close Hundreds of Stores
Wall Street Journal is reporting that Rite Aid will close hundreds of stores as part of a bankruptcy plan with the company’s creditors.
Writers Guild and Hollywood Studio Executives Reached a Tentative Deal on a New Contract
The striking Writers Guild of America and major Hollywood studio executives reached a tentative deal on a new contract. The action could end the strike that’s been going on over…
UAW Called on 38 Auto Parts Centers to Go on Strike at Noon
The UAW has called on 38 General Motors & Stellantis parts distribution centers to go on strike at noon Friday. The call to action was announced from UAW union President…
Fox Chairman Rupert Murdoch to Step Down from His Position
Rupert Murdoch, 92, has announced that he will step down from his chairmanship of Fox Corporation and Fox News. His son Lachlan will be the new chairman.
Federal Reserve Paused Raising Short-Term Interest Rates
The Federal Reserve paused raising the key short-term interest rates but signaled that another rate hike is likely before the end of the 2023 to try keeping inflation down.
United Auto Workers Have Voted to Go on Strike
The United Auto Workers union voted to go on strike, Thursday night. They voted to go on strike after negotiations with Ford, General Motors & Stellantis on a new contract…
The European Central Bank Raised the Key Interest Rate
The European Central Bank has raised the key interest rate by a quarter percentage point to a record high.
Inflation Rose 3.7% in August
Because of an increase in gas prices, inflation rose, for a second straight month, 3.7% for August.
FDA Experts Say a Popular Nasal Decongestant Does Not Actually Relieve Congestion
FDA experts have said that a popular nasal decongestant doesn’t actually offer relief for congestion. They said that is likely no better than a dummy pill. The ingredient is known…
J.M. Smuckers Is Purchasing Hostess Snack Cakes in a $5.6 Billion Deal
J.M. Smuckers is purchasing Hostess, the maker of snack cakes, for around $5.6 billion, in a cash-and-stock deal.
Biden Administration Announced It Would Reverse a Trump-Era Drilling Leases in Alaska
Washington, D.C.: The Biden administration announced that it would reverse a Trump-era drilling leases in Alaska’s Arctic National Wildlife Refuge. The reversal would ban drilling in 13 million acres.