GameStop shares sunk last week after its plan to sell debt in an effort to fund purchases of bitcoin raised some questions on Wall Street. The video game retailer announced a private offering of $1.3 billion in debt. The company said earlier in the week that it plans to purchase bitcoin as a reserve asset. [...]
WASHINGTON (AP) — President Donald Trump moved last week to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law. The order, signed without public fanfare, will impact much of the federal government. Affected agencies include the departments of State, [...]
WASHINGTON (AP) — As part of a push to roll back dozens of environmental regulations, the Trump administration is offering coal-fired power plants and other industrial polluters a chance for exemptions from requirements to reduce emissions of toxic chemicals such as mercury, arsenic and benzene. The Environmental Protection Agency has set up an electronic mailbox [...]
WASHINGTON (AP) — The U.S. Department of Health and Human Services will lay off 10,000 workers and shut down entire agencies, including ones that oversee billions of dollars in funds for addiction services and community health centers across the country. Health Secretary Robert F. Kennedy Jr. criticized the department he oversees as an inefficient “sprawling [...]
Applications for unemployment benefits held steady during the latest period, a sign that the labor market remains healthy as companies continue to retain their employees. Jobless claim filings ticked down by 1,000 to 224,000 for the week ending March 22, the Labor Department said. That’s mostly in line with the 225,000 new applications analysts forecast. [...]
William Smith has long fished the California coast for salmon, taking avid anglers out on his boat in hopes they’ll get to wrestle with and reel in the prized catch. Not anymore. Smith, known as “Capt. Smitty,” now spends time on the seas with aspiring whale watchers, or scattering the ashes of the deceased — [...]
NEW YORK (AP) — A federal judge has ruled that The New York Times and other newspapers may proceed with a copyright lawsuit against OpenAI and Microsoft seeking to end the practice of using their stories to train artificial intelligence chatbots. U.S. District Judge Sidney Stein of New York dismissed some of the claims made [...]
The sponsors of a bill that prescribes phasing out the current state income tax structure and replacing it with a flat tax recently shared details of the legislation with committee members at the Ohio House of Representatives. House Bill 30 would phase out the state income tax applicable to non-business income and replace it with [...]
WASHINGTON (AP) — American robotics companies are pushing for a national robotics strategy, including establishing a federal office focused on promoting the industry at a time when they say China is making intelligent robots a national priority. Representatives of companies — including Tesla, Boston Dynamics and Agility Robotics — last week met with lawmakers on [...]
WASHINGTON (AP) — The nation’s economy expanded at an annual 2.4 percent pace the final three months of 2024, supported by a year-end surge in consumer spending, the federal government said last week in an upgrade of its previous estimate of fourth-quarter growth. Growth in gross domestic product — the nation’s output of goods and [...]