DirecTV to Drop OAN Conservative News Channel

DirecTV said Friday it plans to drop conservative news channel One America News Network, a move that could sharply reduce the pro-Trump channel’s audience. “We informed Herring Networks that, following a routine internal review, we do not plan to enter into a new contract when our current agreement expires,” a DirecTV spokesman said in a … Read more

Fed Releases Transcripts of 2016 Policy Meetings

Transcripts released by the Federal Reserve on Friday revealed the extent of officials’ 2016 debate over how fast to move up interest rates after lifting them from near zero at the end of the previous year. Much of the discussion turned on geopolitical developments—first as a slowdown in China and in commodity prices threatened to … Read more

U.S. Retail Sales Fell 1.9% in December

U.S. retail sales dropped by 1.9% in December as the Covid-19 Omicron variant and inflation surged, damping the end of the holiday shopping season. December’s sharp decline followed record-level retail sales that started with a 1.8% gain in October from the prior month. Sales at retail stores, online and restaurants grew 16.9% in December when … Read more

U.S. Jobless Claims Rise to 230,000

Filings for jobless claims rose to a seasonally adjusted 230,000 last week, an increase of 23,000, as a tight U.S. labor market has kept applications near pre-pandemic lows for the past two months. The increase in the Jan. 8 week came as employers dealt with workers calling in sick because of the Omicron variant of … Read more

U.S. Inflation Reaches Fastest Pace Since 1982

U.S. inflation closed out 2021 at its highest level since 1982 as robust consumer demand exacerbated pandemic-related supply shortages. The Labor Department said the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year ago, up from 6.8% in November. That was the fastest pace since … Read more

U.S. to Spend $10 Billion to Boost Small Businesses

The U.S. is planning to hand out $10 billion to help upstart companies gain access to capital in a bid to rev up business in disadvantaged communities and spur a broader economic recovery from the pandemic. The State Small Business Credit Initiative will direct money to states, territories and tribal governments for programs that provide … Read more

Biden has promised to reform Social Security — some changes could come as soon as this year

U.S. President Joe Biden speaks about his administration’s plans to fight the coronavirus disease (COVID-19) pandemic during a COVID-19 response event at the White House in Washington, January 21, 2021. Jonathan Ernst | Reuters Newly elected President Joe Biden has a tall list of priorities in his first days in office, with stemming the pandemic … Read more

What Happens to Covid-19 Unemployment Benefits in 2021? Here’s What We Know.

Two pandemic unemployment programs used by 14 million people will end Dec. 26 and an extra $300-a-week in benefits won’t start unless President Trump signs into law a $900 billion aid package that extends the payments to workers—or Congress overrides a possible veto. Special pandemic-related programs and extra financial assistance have assisted workers who lost … Read more

World Leaders Ready Themselves for a Biden Presidency

After a drawn-out vote count that transfixed not just the U.S. but most of the world, many global leaders on Saturday were quick to respond to former Vice President Joe Biden’s election victory, with most sending congratulations and vowing to work with him. In Europe, where many countries hope President-elect Biden will reverse some of … Read more

WSJ News Exclusive | Pentagon Draw-Down at U.S. Embassies Prompts Concern About Ceding Field to Global Rivals

WASHINGTON—The Pentagon has quietly begun withdrawing top military officers from U.S. embassies in Africa and downgrading other such posts world-wide, a move officials say is necessary to shift resources to counter China and Russia on the geopolitical stage and meet congressional caps on the number of generals and admirals in the U.S. military. The position … Read more