FDA Approves Omicron Booster Shot — When Will It Be Available?
On August 31, 2022, the FDA cleared both Moderna and Pfizer-BioNTech to issue bivalent formulations of their COVID-19 vaccines for use as an omicron booster shot.
News
For the latest news in finance including current events and political developments affecting the economy, you've arrived at the right place.
Pope Francis Orders All Assets Be Deposited in Vatican Bank by Sept. 30.
Pope Francis wants all Holy See offices and Vatican-linked institutions to deposit their assets in the Vatican bank by Sept. 30. The pope issued an order on Aug. 23.
What Has Joe Biden Accomplished So Far as the U.S. President?
President Joe Biden has completed over 19 months in the White House. What has Biden accomplished during this period? What else is on his agenda?
Musk’s Starlink Will Bring Faster Internet to Royal Caribbean Cruises
Love fast internet? Elon Musk's Starlink is bringing it to all Royal Caribbean Cruises. Here's what we know about the partnership.
Inflation Is Slowing Down but Russia Could Be a Spoiler
Inflation is coming down and might fall more in the coming months. However, an escalation in the Russia-Ukraine war and food shortages could play a spoilsport.
Will Pennsylvania Send a $2,000 Stimulus Check in 2022? It's Possible
Pennsylvania Governor Tom Wolf is still pushing to get passed direct payments of up to $2,000 to households that earn less than $80,000.
The Great Recession: When It Started and Why It Happened
The Great Recession lasted between December 2007 and June 2009. During that time, nearly 4 million homes fell into foreclosure and about 8 million people became unemployed.
The Big Mac Index Shows How Strong the U.S. Dollar Is Versus Other Currencies
Why is the U.S. dollar so strong? See what experts say, and see what The Big Mac Index reveals about Americans’ purchasing power around the world.
FTC Lawsuit Against Kochava Slams Abortion Geotargeting Data
The FTC is targeting data broker Kochava for selling geolocation data that could be used to track people seeking abortion care. Here's what we know.
Politicians Criticize Student Loan Forgiveness, but Many Received PPP Loans
Lawmakers and politicians aren't happy with Biden's student loan forgiveness offer, calling it an unfair handout. But Republicans and Democrats received PPP loans.
Biden's Policies Are Making the Fed’s Fight Against Inflation Even Tougher
Biden is pursuing an expansive fiscal policy while the Fed is tightening. His policies could be making the Fed's job of taming inflation even tougher.
California Internet Privacy Rules for Kids, Explained
The California legislature is poised to pass new internet privacy rules for kids. What does the proposed bill entail? Here's everything we know.
Who Owns the Solomon Islands? Concern Grows Over China's Influence
Concern over China’s possible influence in the Solomon Islands was raised when a port call by a U.S. Coast Guard vessel went unanswered. Who owns the Solomon Islands?
Is Savannah Guthrie's Absence From ‘Today Show’ a Hint She’s Leaving?
Many believe Savannah Guthrie may be leaving the 'Today Show' considering her long absence and ongoing dispute with co-host Hoda Kotb.
Moderna Is Suing Pfizer and BioNTech Over Patent Misuse
Moderna and Pfizer produced vaccines in record time to help people get inoculated against COVID-19. Why is Moderna suing Pfizer? Here's what we know.
Don't Miss the Deadline to Claim a Child Tax Credit of up to $750
Rhode Island residents must file their taxes by August 31, 2022, in order to be eligible for a Child Tax Credit (CTC) of up to $750.
Student Loan Forgiveness Plan: When Will It Take Effect?
On Aug. 24, Biden announced the student loan forgiveness plan. When will loan forgiveness take effect? Here's what borrowers can expect.
How Do Interest Rates Affect Employment? Fed Fights to Tame Inflation
When interest rates go up, it can have an negative impact on employment. Increased borrowing costs will likely lead to higher unemployment rates.
Federal Student Aid Website Went Down After an Influx of Visitors Crashed It
The Federal Student Aid website may take longer to load due to “high volumes of visitors.” The website has received an influx of visitors following Biden's student loan forgiveness announcement.
The First Chipotle Union Is in Lansing, Michigan — More Could Follow
Lansing, Michigan workers at Chipotle voted to unionize on Thursday, Aug. 25. It's the first Chipotle restaurant to form a union.
Notice a Spike in Your Homeowner's Insurance Rates in 2022? Here’s Why
As inflation continues to drive prices upward, it’s also contributing to the increase in your home insurance rates. Here's what we know.
Climate Change Could Make the Coffee Shortage Worse — Details
Coffee is one of the leading drinks in the world, as many people rely on it to start their day. Will the current coffee shortage get worse?
Some Dillards Stores Are Closing — Retailer Isn't Going Out of Business
Dillard’s announced that it will be closing down a store in the East Hills Mall in St. Joseph, Mo., and another in Sikes Senter in Wichita Falls, Texas by September 30, 2022.
These Members of Congress Got PPP Loan Forgiveness, Dissed Student Loan Relief
The Paycheck Protection Program served 13 members of Congress, some of whom dissed student loan relief. Which members of Congress got PPP loan forgiveness?
Jerome Powell to Speak at Jackson Hole Symposium, Could Set Market Tone
Federal Reserve Chairman Jerome Powell, whose remarks may set the tone for markets for the next month, will speak on Aug. 26 at the Jackson Hole Economic Symposium.
Netflix Debuts 'Untold: The Rise and Fall of AND1' Documentary
AND1 was one of the top clothing and footwear brands in the world, especially in sports. What happened to the athletic footwear brand?
Senate Race Between Ron Johnson and Mandela Barnes Focuses on Taxes
A recent campaign ad by the conservative Wisconsin Truth Super PAC accuses Mandela Barnes of failing to pay property and income taxes.
Meet Leonard Leo, the Man Who Orchestrates Conservatives’ Movements
Over the years, Leonard Leo has strategically placed himself in positions that strengthen his conservative voice and ability to influence politics.
Whistleblower Peiter 'Mudge' Zatko Slams Twitter’s Cybersecurity
Ex-Twitter executive Peiter “Mudge” Zatko is acting as a whistleblower, alleging that Twitter mismanages cybersecurity. Here's what we know.
China’s Interest Rate Cuts Might Not End Its Housing Crisis
China announced two surprise interest rate cuts. Will the rate cut help alleviate the pain in China’s beleaguered housing sector?
Dr. Fauci to Step Down as White House Chief Medical Advisor — Why?
On August 22, 2022, Dr. Anthony Fauci announced that in December, he will be stepping down as director of NIAID and as Chief Medical Advisor to President Joe Biden.
Regulators Fine Major Banks for Using WhatsApp, Explained
Big banks like JPMorgan and Bank of America are seeing massive fines for using the encrypted communication tool WhatsApp. Here's what we know.
Kasper Rorsted's Net Worth Is Just as Impressive as His Work at Adidas
On August 22, 2022, Adidas CEO Kasper Rorsted announced he would step down from his role in 2023. Here's why he's leaving Adidas and what his net worth is today.
Some Jobs Are Recession Proof — Certain Sectors Don't Take a Big Hit
Most economic sectors are impacted negatively in a recession. Are any jobs recession-proof? Here's what we know amid an impending recession.
Why the Student Loan Pause Might Not End in 2022
The repayments on student loans were paused in 2020 due to the COVID-19 pandemic. The pause ends in August but might get extended.
Dan Price’s Generosity Wasn’t Enough to Clear His Name — Why He Resigned
Dan Price resigned as CEO of Gravity Payments because “his presence had become a distraction.” His name has been tied to a string of scandals, which he says he now needs to focus on.
Over 95,000 “Hero Pay” Applications Denied Due to Unverifiable IDs
Thousands of "hero pay" applications were denied in Minnesota due to unverifiable IDs and duplicate applications being filed. Here are some other reasons for denials.
What Happened to ITT Tech? Once Popular College Shut Down
ITT Tech was one of the most popular technical colleges in the early 2000s, but now the insitution has shut down. What happened to ITT Tech?
Following Primary Defeat, Will Liz Cheney Run for President?
Republican Liz Cheney lost her primary election on Tuesday night, but hinted at a potential run for president in 2024. Here's what we know.
Tomatoes and Ketchup Could Remain in Short Supply — Here's Why
The U.S. has been facing shortages of many products since 2020. Recently, there has been a tomato and ketchup shortage. How long will it last?
Hearing Aids Will Be Available Over the Counter Soon — Details
The FDA changed guidelines to allow the sale of hearing aids over-the-counter to those over 18 with mild to moderate hearing impairment.
Are We Seeing a Housing Recession or a Housing Correction?
Housing prices have started reversing their direction after a two-year strong run. People are worried about a housing recession. What is a housing recession?
Ranked-Choice Voting Debuted in Alaska as Voters Cast Special Election Ballots
Now that Alaskans are using the electoral system for the first time, see how ranked-choice voting works. Here's what we know about ranked-choice voting.
Dollar General Hit With $1.2M in Fines for Workplace Hazards
Dollar General was recently fined nearly $1.3 million for “habitually disregarding workplace safety.” The discount retailer has has been hit with more than $6.5 million in penalties since 2017.
Dr. Oz’s Crudité Video Isn’t Helping His Claim That He’s a Pennsylvanian
Where in Pennsylvania does Dr. Oz live? Read about the U.S. Senate candidate and the skepticism about him living in Pennsylvania instead of New Jersey.
Trump Claims FBI Seized His 3 Passports During Mar-a-Lago Search
Trump says the FBI of “stole” his three passports during their Mar-a-Lago search, which may have been an official passport, a diplomatic passport, and a blue passport book.
JPMorgan CEO Jamie Dimon Warns of “Something Worse” Than a Recession
The odds of a recession have been rising as inflation still remains quite high. What did JPMorgan Chase CEO Jamie Dimon say about a recession?
Why a War Between the U.S. and China Wouldn't Be Ideal
Chinese government officials weren't pleased when Nancy Pelosi, the Speaker of the U.S. House of Representatives, visited Taiwan. Is China going to war with the U.S.?
Biden Cancels $3.9 Billion in ITT Tech Student Loans: What to Know
President Biden has canceled nearly $4 billion in student loans for former students of the now-defunct ITT Tech. Here's what we know about the cancelation.
Some Aldi Stores Are Closing Without Much Warning — Here's Why
Aldi recently closed two locations in Chicago and one in Memphis. The retailer is now considering shutting down a location in New York. Here's why.