Economic News
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Judge blocks Biden administration's rule to expand overtime pay for millions
A federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S. In a Friday ruling, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business organizations that argued the Labor Department exceeded its authority when it finalized a rule earlier this year to significantly expand federal overtime eligibility for salaried workers
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Hundreds of hospitality workers are on strike at a casino near the Las Vegas Strip
Hundreds of Las Vegas hotel workers have gone on strike at a casino near the Strip
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General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market
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Retail sales up solidly in October as Americans showed continued willingness to spend
Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth
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Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
U.S. stocks fell to their worst loss since Election Day as the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading
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What happens next in The Onion's effort to buy Alex Jones' Infowars
The Onion’s winning bid for Alex Jones’ Infowars platform is under review by a federal bankruptcy judge after Jones and his lawyers raised concerns about how an auction was conducted
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Company announces nearly $712 million project in Kentucky to make batteries used to store energy
A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy
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U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission
The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday
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Workers at Canada's national postal service go on strike Friday, disrupting deliveries
Workers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada Post
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UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
The British economy’s rebound from recession slowed down sharply in the third quarter of the year with most sectors stagnating
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