While the January jobs report smashed expectations, the overall unemployment rate only increased a marginal amount from 3.5% to 3.6%. However for African American workers, the unemployment rate remains increasingly higher than the rest of the population with a 6% rate. Yahoo Finance’s On The Move panel breaks down the details.
The company made the announcement on Thursday.
New York's highest court on Thursday overturned disgraced Hollywood producer Harvey Weinstein's 2020 conviction on sex crime charges, a shock reversal in one of the defining cases of the #MeToo movement.Weinstein is not the first high-profile man convicted in the wake of the #MeToo movement to have his conviction overturned.
The Gateway Pundit, a far-right news site, filed for bankruptcy Wednesday, following litigation by election workers and others who faced harassment after the site made false claims that the 2020 U.S. election was stolen. Gateway Pundit founder Jim Hoft said in a statement that the bankruptcy filing was the result of "progressive liberal lawfare attacks" meant to "silence" his company. Hoft said the Gateway Pundit would continue to publish during its bankruptcy.
Both first-time and repeat homebuyers felt the sting of higher rates this week, as rates for the popular 30-year fixed mortgage hit 7.17%, per Freddie Mac.
The White House is seizing on remarks by Mitch McConnell that Trump was resistant to accepting any bipartisan compromise to toughen border security laws.
Global warming caused by fossil fuel emissions "most likely" exacerbated the intense rains that lashed the UAE and Oman last week, causing deaths and widespread flooding, an expert group of scientists said Thursday."The UAE and Oman floods have shown that even dry regions can be strongly affected by precipitation events, a threat that is increasing with increasing global warming due to fossil fuel burning," said Sonia Seneviratne, a WWA member and professor at Zurich's ETH university.
A ceremony for seven aid workers of the World Central Kitchen killed by an Israeli strike in Gaza was held in Washington on Thursday.World Central Kitchen suspended its activities in Gaza after the incident, having been active in feeding people in the territory since the start of the war in October. rle/bjt/dw
The UK on Thursday joined the United States and Canada in announcing a fresh set of sanctions against Iran's drone and missile industries after its recent attack on Israel. The United States and Britain announced widespread sanctions on Iran last week, targeting individuals and companies involved in the Iranian drone industry.
Russian President Vladimir Putin said Thursday he plans to visit China in May, his first planned trip abroad since re-election as Moscow seeks deeper ties with Beijing."A visit in May is planned," Putin said at a business forum in Moscow, without providing further detail.
The creepy patterns were observed by the European Space Agency's ExoMars Trace Gas Orbiter.
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what's traditionally the housing market's busiest time of the year. The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 5.71%, Freddie Mac said.
A green puppy named Shamrock was born in Pensacola, Florida with green fur. The puppy is garnering lots of attention on social media.
Washington-based T-Mobile will invest another $500 million between 2027 to 2028 to help Lumos reach 3.5 million homes by the end of the period. T-Mobile will acquire all existing fiber customers of Lumos as part of the deal with EQT's Infrastructure VI fund, which is expected to close in late 2024 or early 2025. Lumos, which provides its fiber internet to 320,000 households, will transition to a wholesale model after the deal with T-Mobile as its main client, owning customer relationships.
Government supporters of offshore wind energy projects in New Jersey and New York are trading blows with opponents in some shore towns who say many vacationers and local residents don't want to see turbines filling the ocean horizon. Eight Jersey Shore beach towns wrote to state utility regulators Wednesday, saying one wind farm proposal will be vastly more expensive than projected, and will cost tourism-driven jobs and economic activity.
A cargo ship trapped by the collapse of a major bridge in Baltimore last month successfully left the port city on Thursday after a new temporary channel was opened, shipping data show.The March 26 collapse of the Francis Scott Key Bridge after it was struck by a huge container ship knocked out a major transit route into the port city and trapped cargo vessels inside.
A new poll shows the share of U.S. college students who blame Hamas for the Oct. 7 attack on Israel has declined by more than 10 points in the last six months.
Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles. Honda expects to add at least 1,000 more workers for the two new facilities. There's also plans for a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M Co. and a separator plant through a joint venture partnership with Asahi Kasei Corp.
London's stock market bucked the trend in reaching another record high on Thursday but Wall Street and eurozone equities tumbled as tech shares sank after Meta signalled an AI spending spree and data showed slower US economic growth.- London bucks trend - London's FTSE 100 index bucked the trend as it struck 8,102.14 points to briefly reach an all-time high for a third session running, ending in positive territory despite the declines elsewhere.
New worker protections, expanding labor unions and a strong job market are finally helping the typical worker get ahead. Americans aren't feeling it.
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