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Investing.com — US stocks jumped Wednesday as a key measure of inflation unexpectedly cooled in December, easing concerns that a pick up in price pressures could force the Fed into a prolonged pause on further rate cuts. At 12:54 p.m. ET (17:54 GMT), the gained 639 points, or 1.5%, the …
Investing.com– US stocks rallied Friday, underpinned by falling Treasury yields as cooler-than-expected inflation data eased concern that the Federal Reserve could turn even more hawkish next year. At 1:22 p.m. ET (18:22 GMT), the rose 673 points, or 1.6%, the index gained 1.5%, and the added 1.4%. PCE cooler than expected Treasury yields…
Oregon residents will soon vote on a corporate tax increase to give them a universal basic income.Businesses have spent millions to oppose the 3% tax on corporate sales over $25 million.Both Democrats and Republicans say the measure could harm the state budget and essential services. Oregon businesses are spending big…
By Daniel Wiessner and Brendan Pierson (Reuters) -California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber (NYSE:) and Lyft (NASDAQ:) to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits. The…
By Jonathan Allen and Steve Gorman NEW YORK (Reuters) – New York state lawmakers on Friday passed legislation to bar social media platforms from exposing “addictive” algorithmic content to users under age 18 without parental consent, becoming the latest of several states moving to limit online risks to children. A…
