U.S. Economy
Women in states that ban abortion will still be able to get abortion pills online from overseas
Pills of Misoprostol, used to terminate early pregnancies, are displayed in a pharmacy in Provo, Utah, U.S. May 12, 2022. George Frey | Reuters Women in states that ban abortion will still be able to end unwanted pregnancies with prescription abortion pills ordered online from overseas, though the legal situation is murky and carries potential […]
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Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. That broke a six-month […]
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World Health Organization says monkeypox is not a global health emergency right now
The World Health Organization on Saturday said the rapid spread of monkeypox across dozens of nations does not represent a global health emergency at this time. WHO Director General Tedros Adhanom Ghebreyesus described monkeypox as an evolving health threat, however, and urged governments around the world to step up surveillance, contact tracing, testing and to […]
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Several U.S. states immediately institute abortion bans following Roe ruling
Pro-life demonstrators hold signs in front of the U.S. Supreme Court as they await its decision on the legality of a Republican-backed Louisiana law that imposes restrictions on abortion doctors in Washington, U.S., June 22, 2020. Kevin Lemarque | Reuters Several U.S. states immediately banned abortion on Friday in the wake of the Supreme Court’s […]
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Attorney General Garland warns against violent protests, says DOJ ‘strongly disagrees’ with high court ruling on Roe
U.S. Attorney General Merrick Garland announces charges against a suspect from Ukraine and a Russian national over a July ransomware attack on an American company, during a news conference at the Justice Department in Washington, November 8, 2021. Jonathan Ernst | Reuters U.S. Attorney General Merrick Garland tried to ward off violent protests to the […]
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Four abortion clinics in Kansas brace for a deluge of patients from states banning the procedure
Trust Women health clinic in Wichita, Kansas was already overwhelmed with the volume of calls from pregnant women in neighboring states seeking abortions. About 60% of the clinic’s patients are out of state, said Zack Gingrich-Gaylord, a spokesperson for Trust Women. They mostly come from Oklahoma, where the governor signed a law in May that […]
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CDC panel recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
The Centers for Disease Control and Prevention is expected to clear Moderna’s two-dose Covid-19 vaccine for kindergartners through high schoolers for public distribution this week after the agency’s panel of independent vaccine experts unanimously voted Thursday to recommend the shots. The committee endorsed Moderna’s vaccine for kids ages 6 to 17 after examining its safety […]
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Suze Orman has a warning for those who want to quit in the Great Resignation
44% of workers are worried about a layoff, job loss Despite the collective optimism around the current job market, 44% of workers are worried about a layoff or job loss, CNBC’s All-America Workforce Survey found. Some 84% are concerned about a recession. Economists are starting to raise their recession probability outlooks. On Monday, Goldman Sachs […]
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Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years
Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were, however, 10% lower than they were in the same week one year ago. A big jump in mortgage rates may have […]
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Sales of existing homes fell in May, and more declines are expected
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April’s sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months […]
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