Mark Gillispie, Associated Press | PostedMay 28th - 12:09pm
Five retail chains flooded two Ohio counties with tens of millions of prescription painkillers through their pharmacies while taking few if any steps to stop drugs from being illegally diverted, according to updated lawsuits unsealed in U.S. District Court in Cleveland.
Wall Street is rallying again, extending this week’s climb built on hopes for a coming economic revival. The S&P 500 was on track for its fourth straight gain. That would be its longest winning streak since early February, before the market began to sell off on worries about the recession caused by the coronavirus pandemic.
Andrew Taylor, Associated Press | PostedMay 28th - 9:32am
The White House will not release its official midyear economic update this summer, declining to put its stamp on data documenting the plunge into recession during the coronavirus pandemic and avoiding going on record with a prediction about the economy's future.
Sarah Rankin, Associated Press | PostedMay 28th - 9:26am
When registered nurse Amanda Marsh lost her job working from her Virginia home as a health plan medical reviewer late last year, unemployment benefits helped support her family while she looked for work.
Grain futures were mostly lower Thursday in early trading on the Chicago Board of Trade. Wheat for July delivery was off 2 cents at $5.0440 a bushel; May corn was up 4.20 cents at $3.2460 a bushel; July oats lost 4.60 cents at $3.28 a bushel; while May soybeans fell 4.40 cents at 8.4120 a bushel.
Michael Kunzelman, Associated Press | PostedMay 28th - 9:07am
Requiring patients to visit a hospital, clinic or medical office to get an abortion pill is needlessly risking their health during the COVID-19 pandemic, a group of physicians allege in a lawsuit that seeks to suspend the federal rule.
Martin Crutsinger, Associated Press | PostedMay 28th - 6:51am
The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.
Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed. The Labor Department’s report includes a count of all the people now receiving unemployment aid: 21 million. That is a rough measure of the number of unemployed Americans. The national jobless rate was 14.7% in April, the highest since the Great Depression.