NEW YORK (AP) — 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…… MORE
General Motors Lays Off About 1,000 Workers, Cutting Costs to Compete in a Crowded Automobile Market
DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers are mostly salaried but some blue-collar workers were affected. They were told of the moves early Friday. The company confirmed the layoffs in a statement but gave few…… MORE
Powell Says Fed Will Likely Cut Rates Cautiously Given Persistent Inflation Pressures
WASHINGTON (AP) — Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said inflation is edging closer to the…… MORE
Ben & Jerry’s Lawsuit Accuses Parent Company of Censorship Over Gaza
Ben & Jerry’s has sued its parent company Unilever accusing it of silencing the ice cream maker from making statements in support of Palestinians in the war in Gaza. The complaint filed Wednesday in federal court in New York says multi-national conglomerate Unilever has failed to adhere to its contractual obligations in merger and settlement…… MORE
Republicans Regain Control of the House
(WBAP/KLIF) — CNN and NBC News both have projected that Republicans will retain control of the House of Representatives, gaining a trifecta of the House, Senate, and Presidency. Earlier on Wednesday, President-elect Trump met with President Biden at the White House, where Biden told Trump he’s looking forward to a “smooth transition” of power in…… MORE