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Biden officials meet with Big Oil to discuss gas prices Major U.S. oil refiners met with Energy Secretary Jennifer Granholm and other Biden administration officials on Thursday in an emergency meeting about how to lower record-high fuel prices that are squeezing American consumers. The discussion comes at a tense moment for President Joe Biden and Big Oil, as the average price of gasoline was $4.94 per gallon -- 36 cents more than a month ago, and $1.88 more than a year ago. SEE IF THE TWO STRUCK A DEAL TO LOWER GAS PRICES
Wall Street hiring frenzy cools amid economic uncertainty With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up on hiring after a recruiting frenzy last year. Wall Street companies were embracing cutthroat hiring competition and being forced to pay more to recruit and retain talent in 2021 and early this year. However, recent data show that hiring frenzy is diminishing. SEE HOW THE HIRING PACE HAS SLOWED SIGNIFANCTLY
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Markets
| DJIA | 30,677.36 | 0.64% |
| S&P 500 | 3,795.73 | 0.95% |
| Nasdaq Composite | 11,232.19 | 1.62% |
| Japan: Nikkei 225 | 26,491.97 | 1.23% |
| UK: FTSE 100 | 7,104.23 | 1.19% |
| Crude Oil Futures | 105.80 | 1.47% |
| Gold Futures | 1,828.30 | -0.08% |
| Yen | 134.89 | -0.05% |
| Euro | 1.05 | 0.22% | | * As of market close |
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Senate votes to advance gun legislation
US senators advanced a bipartisan bill late Thursday addressing the epidemic of gun violence convulsing the country, approving a narrow package of new firearms restrictions and billions of dollars in mental health and school security funding. The reforms -- which are almost certain to be rubber-stamped by the House of Representatives on Friday -- fall short of the demands of gun safety advocates and President Joe Biden but have been hailed as a life-saving breakthrough after almost 30 years of inaction by Congress. FIND OUT HOW THE HOUSE IS EXPECTED TO RECEIVE THE BILL
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Jan. 6 hearing says Trump tried to flip DOJ
Lawmakers investigating last year's attack on the US Capitol laid out Donald Trump's efforts to turn the Justice Department into his "own personal" law firm in his bid to overturn his presidential election defeat to Joe Biden. At the fifth hearing into its year-long probe of the violence, the panel examined the events at the DOJ the weekend before the January 6, 2021 insurrection, when Trump was faced with a revolt as he tried to install his own man at the top of the department. SEE THE TOP TAKEAWAYS FROM THURSDAY'S JAN. 6 HEARING
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NYPD officers save woman from subway fall
Two police officers from New York City Police Department were hailed heroes for saving the life of a woman who fainted and fell on subway tracks earlier this week. The officers noticed a 25-year-old unidentified woman collapse on the platform and fall onto the tracks after suffering a medical episode. The dramatic bodycam footage of the officers jumping into action and pulling the woman to safety has gone viral. WATCH NYPD OFFICERS PULL WOMAN FROM SUBWAY TRACKS
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Underground pioneer
Who was the originator of New York's subway system and what year? Thursday's answer: According to guitarist Keith Richards, the Rolling Stones got its name from a Muddy Waters' single by the same title.
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