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The Supreme Court shot down President Joe Biden's COVID-19 vaccine-or-test mandate for businesses that employee more than 100 workers. |
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Supreme Court strikes down Biden's vaccine-or-test mandate The U.S. Supreme Court delivered a blow to President Joe Biden on Thursday, blocking his COVID vaccination-or-test mandate for large businesses. After months of public appeals to Americans to get vaccinated, Biden announced in September that he was making vaccinations compulsory at companies that employ 100 workers or more, while unvaccinated employees would have to present weekly negative tests and wear masks at work, but SCOTUS struck it down. SEE WHAT THE COURT DECIDED ABOUT MEDICAL WORKERS
Initial unemployment claims signal a setback in job growth Initial unemployment claims in the U.S. leapt to a fresh high after posting weeks of figures that fell below pre-pandemic levels. There were 230,000 initial unemployment claims for the week ending Jan. 8, a 23,000 increase from the previous week’s 207,000 claims. This figure was 30,000 claims higher than the 200,000 prediction. SEE WHAT THE BAD NUMBERS MEAN FOR THE ECONOMY
Wholesale prices surged to new record level of 9.7% in 2021 Wholesale prices for goods and services surged to a record last year amid supply snarls that have choked the economy, but data released Thursday showed inflation pressures eased in December. The PPI jumped 9.7% in 2021, the largest calendar-year increase since 2010. FIND OUT WHY EXPERTS ARE ENCOURAGED BY THE NEWS
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Markets
| DJIA | 36,113.62 | -0.49% |
| S&P 500 | 4,659.03 | -1.42% |
| Nasdaq Composite | 14,806.81 | -2.51% |
| Japan: Nikkei 225 | 28,489.13 | -0.96% |
| UK: FTSE 100 | 7,563.85 | 0.16% |
| Crude Oil Futures | 81.70 | -1.14% |
| Gold Futures | 1,822.10 | -0.28% |
| Yen | 114.19 | 0.01% |
| Euro | 1.15 | 0.03% | | * As of market close |
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Wall Street trying to shake inflation reports
Wall Street is trying to shake off a couple of strong inflation reports released in the last two days confirming that inflation is turning from a temporary to a permanent problem. The CPI rose at an annual rate of 7% in December, the fastest pace since the summer of 1982, and the PPI rose at an annual rate of 9.7%. There are also signs the economy isn’t growing fast enough to create new jobs, which could lead to stagflation. SEE HOW WALL STREET IS REACTING TO INFLATIONARY TRENDS
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9 of last 10 years among hottest on record
The last nine years all rank among the 10 hottest on record, according to the latest data underscoring the global climate crisis. For 2021, the average temperature across global surfaces was 1.51 degrees Fahrenheit (0.84 degrees Celsius) above the 20th-century average. That makes the year the sixth-hottest in the overall record, which dates back to 1880. SEE WHAT CLIMATE SCIENTISTS ARE PREDICTING ABOUT 2022
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China charges KFC with food waste over toy
The Chinese government has a message for KFC -- stop wasting food by ordering too many meal toys. A Chinese consumer group accused KFC of promoting food waste by offering a new meal toy box that celebrates the chain’s 35-year history of operating in China. It seems souvenir-hunters are ordering meals just for the collectible toys, not the Colonel's chicken. SEE HOW ONE CUSTOMER ORDERED 106 MEALS FOR THE TOYS
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Toy box
What's the rarest collectible toy to come in a McDonald's Happy Meal? Thursday's answer: NASA's "DART" program stands for "Double Asteroid Redirection Test." It is designed to alter the course of objects with the potential to impact Earth.
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What's ahead?
A major winter storm system is moving across the Midwest to the East Coast on Friday, giving half the country a chilly start to the weekend
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