SACRAMENTO, Calif. (AP) — A federal judge Friday overturned California’s three-decade-old ban on assault weapons, ruling that it violates the constitutional right to bear arms. U.S. District Judge Roger Benitez of San Diego ruled that the state’s definition of illegal military-style rifles unlawfully deprives law-abiding Californians of weapons commonly allowed […]
Cleveland Fed President Loretta Mester called May's job gains "solid," but said more progress is needed. Payrolls rose by 559,000 for the month, but Mester said the labor market still has more room to recover. May's job gains were "solid" but not enough to change the direction of monetary policy, […]
Record amounts of home equity and rock-bottom rates are driving more homeowners to take money out of their houses. If you want to pull some cash out, here are your options. Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of […]
A Duke home game is already among the toughest to get in all of college basketball. Now that coach Mike Krzyzewski has announced the coming season will be his last on the Blue Devils’ bench, fans can plan to shell out even more to get into Cameron Indoor Stadium, according […]
The US added 559,000 jobs in May, a bounce back from the disappointing 278,000 added in April. As in April, leisure and hospitality had the largest number of jobs added among industry sectors. On the other end, construction employment dropped by 20,000. See more stories on Insider’s business page. More […]
The return to in-person office life could fuel changes in transportation and energy consumption. How those changes might reflect corporate roles in the climate crisis remains to be determined. Jan Freitag, a market-analytics expert, says an accurate assessment can be made around Labor Day. Subscribe to our biweekly newsletter, Insider […]
The dejected look on Anthony Davis captured his frustration. Where he sat captured his extreme limitations. The Los Angeles Lakers' star received clearance to play in Game 6 of the team's first-round playoff series against the Phoenix Suns in hopes to prevent or at least delay postseason elimination. But after […]
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside following the lackluster performance seen in recent sessions. The upward momentum on Wall Street comes after a closely watched reading on inflation accelerated but failed to show the […]
EMMANUEL DUNAND/AFP via Getty Images Global shares held on near record highs on Friday morning, eyeing a strong end to the week. Analysts are bracing for May US nonfarm payroll data after last month's big miss. Cryptocurrencies stumbled across the board after Elon Musk's bitcoin 'break up' tweet. Sign up […]
After Biden offers to keep Trump tax cuts, more infrastructure debate Talks have dragged on over what began as Joe Biden’s $2.25 trillion American Jobs Plan, with Republicans rejecting what they see as liberal social programs that don’t belong to an infrastructure package. Biden made a major concession Wednesday: In lieu […]
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