Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The announcement comes days before President Joe Biden faces off against former President Donald Trump in the first presidential debate, where inflation is likely to be a key point of contention. The past several inflation reports have shown prices slightly cooling off, but shelter ...
Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader industry woes. Hooters said that it was ‘under pressure from current market conditions,’ but added that new restaurants continued to open domestically and internationally. It did not respond to an inquiry about the exact number of locations affected. ...
Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug Wegovy, diabetes treatment Ozempic and other injectable therapies. Demand for Wegovy and Ozempic has outstripped supply over the last year, spurring intermittent shortages in the U.S. and forcing the Danish drugmaker to ...
A company responsible for producing ice cream products for several popular brands, including Hershey’s, Jeni’s and Friendly’s, has issued a recall because some of its products may be contaminated with Listeria. In a notice posted on the Food and Drug Administration’s website, Totally Cool Inc. said it had already ceased production and distribution of the affected products after the agency’s ...
Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last year. Delta’s share price has soared almost 23% in 2024, more than any rival in the rocky airline sector, in a rally ...
A Japanese woman and her child were among three people stabbed by a man on Monday in front of a school bus at a bus stop in eastern China, according to Japanese authorities. The mother and child did not suffer life-threatening injuries and were taken to hospital to receive care, the official said. The Japanese consulate in nearby Shanghai said ...
Israel’s Supreme Court on Tuesday ordered the government to draft ultra-Orthodox Jews into the military, delivering a blow to Prime Minister Benjamin Netanyahu that has the potential to unravel his ruling coalition. The court also ordered the government to withdraw funding from any religious schools, or yeshivas, whose students do not comply with draft notices. “At this time there is ...
Kenya is in the grip of nationwide protests against proposed tax hikes, culminating in a planned “total shutdown” of the country on Tuesday. The demonstrations, sparked by the Finance Bill 2024, have seen citizens rally under the banner of “7 Days of Rage,” as the nation faces more days of upheaval. President William Ruto has said he wants to have ...
WikiLeaks founder Julian Assange was released from a British prison and was making his way back to his home country Australia on Monday after his 12-year battle against extradition to the United States ended in a plea deal. The controversial figure has spent the past five years in a high-security UK prison and nearly seven years before that holed up ...
China’s Chang’e-6 lunar module returned to Earth Tuesday, successfully completing its historic mission to collect the first ever samples from the far side of the moon in a major step forward for the country’s ambitious space program. The reentry module “successfully landed” in a designated zone in China’s northern Inner Mongolia region just after 2 p.m. local time, according to ...