Strong US jobs growth dampens talk of rate cuts
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
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AI is policing the package theft beat for UPS as ‘porch piracy’ surge continues across U.S.
A doorbell camera in Chesterfield, Virginia, recently caught a man snatching a box containing a $1,600 new iPad from the arms of a FedEx delivery driver. Barely a day goes by without a similar report. Package theft, often referred to as “porch piracy,” is a big crime business. While the price tag of any single stolen…
Here’s how New York City is planning to spend $15 billion raised from a new congestion pricing toll
New York City is months away from introducing the first zone-based tolling program in the U.S. The project, which begins in the spring of 2024, will increase the tolls drivers pay to enter points of Manhattan south of 60th Street. The final price of the toll is not yet determined. People close to the process…
Boeing admits mistake over 737 Max 9 door blowout
Boeing’s boss Dave Calhoun vows to find the cause of the incident on the Alaska Airlines flight.
Vulcan Rocket Finally Launches, but Moon Lander Runs Into Trouble
Updated Jan. 8, 2024 10:22 pm ET A powerful rocket developed by a Boeing-and-Lockheed Martin-owned company blasted off for the first time early Monday, but the moon lander it was carrying suffered a setback after launch. Called Vulcan Centaur, the 202-foot-tall rocket lifted off at 2:18 a.m. ET from a Florida launchpad, powering an American…
An “Angry Mob” On Reddit Is Pushing Up GameStop’s Stock Price And Pissing Off A Bunch Of Wall Street Firms
By encouraging everyday investors, also known as retail investors, to buy up GME stock and increase its price, hedge funds would have to sell out in order to cut their losses from having shorted the stock, which increases the stock price even further. “Hedge funds are getting their asses kicked by the retail investor,” Lindzon…
State insurance commissioner says companies are delaying policies, denying discounts
Responding to consumer complaints about auto insurance coverage, the state insurance commissioner said Thursday that insurers could face penalties for creating unlawful barriers for California drivers. Ricardo Lara issued a bulletin to auto insurers, reminding them that they cannot change their policies’ terms and rates without formally filing for state review and approval. The bulletin…
