Inflation Is on the Right Track as Fed’s Preferred Gauge Cools Again

Text size The Fed is closely watching tightness in the labor market as a barometer for the health of the US economy. Above, a Chick-fil-A worker in Texas. Brandon Bell/Getty Images The Federal Reserve’s preferred measure of inflation rose 4.4% annually in December, down from 4.7% in November, the latest sign that the era of … Read more

Tire Nichols death: All 5 former Memphis police officers charged with murder, court records show

CNN — All five former Memphis police officers who were fired for their actions in the arrest of Tyre Nichols earlier this month have been charged with murder, according to Shelby County court records. Taddarius Bean, Demetrius Haley, Justin Smith, Emmitt Martin III and Desmond Mills Jr. have each been charged with second-degree murder, aggravated … Read more

Tire Nichols: A timeline of the investigations into Nichols’ death after a traffic stop and arrest by Memphis police

CNN — Almost three weeks later a traffic stop in Memphis resulted in a violent arrest and subsequent death of a driver, police are expected to release police body camera footage of the incident to the public. Tire Nichols, a 29-year-old Black man, was hospitalized after the arrest on January 7 and died three days … Read more

McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers

new york CNN — California voters will decide next year on a referendum that could overturn a landmark new state law setting worker conditions and minimum wages up to $22 an hour for fast-food employees in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC-owner Yum! Brands each donated $1 million to … Read more

Half Moon Bay: 7 killed in apparent ‘workplace violence’ case as 3 mass shootings in 44 hours stun California

CNN — The 66-year-old man suspected of killing four people at a mushroom farm in California and three others at a nearby site Monday was an employee of the farm, San Mateo County Sheriff Christina Corpus said Tuesday. “All of the evidence we have points to this being the instance of workplace violence,” the sheriff … Read more

Recently identified inflammatory disease VEXAS syndrome may be more common than thought, study suggests

CNN — David Adams spent half a decade fighting an illness he couldn’t name. He was in and out of the hospital several times per year. His inflamed joints made his hands feel like they had been squeezed into gloves – and he could no longer play his beloved classical and jazz guitars. He had … Read more

DOJ sues Google over its dominance in the online advertising market

CNN — The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance in the online advertising market and calling for it to be broken up. The move marks the Biden administration’s first blockbuster antitrust case against a Big Tech company. The eight states joining the suit … Read more

Illinois state court allows limited pause on state’s gun ban backed by Pritzker

Washington CNN — An Illinois judge on Friday granted a temporary restraining order barring the enforcement of a new Illinois gun control law against roughly 800 plaintiffs. The law, signed by Democratic Gov. JB Pritzker last week at the start of his second term as governor, caps the sale of high-capacity ammunition magazines, bans “switches” … Read more

Netflix Stock Surges on Subscriber Beat

Netflix is ​​pushing out content like the Bling Empire series to attract viewers. Courtesy of Netflix Text size Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announced that founder and co-CEO Reed Hastings was moving … Read more

Markets: Bad news for the economy is now bad news on Wall Street

new york CNN — The market is bracing for a perfect storm of bad news. The latest worry? The impending debt ceiling drama in Washington. The United States hit its borrowing cap on Thursday, forcing the Treasury Department to start taking “extraordinary measures” to keep the government open. If an agreement is not reached, markets … Read more