WASHINGTON - Slightly more Americans filed for unemployment benefits last week, but the number of claims remains at healthy levels. Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday. The four-week average of claims, which evens out some of the weekly...
Canada’s 2 Major Freight Railroads at a Full Stop; Government Officials Scramble
TORONTO — Business and consumers throughout Canada and the U.S. could suffer significant economic harm after Canada's major freight railroads came to a full stop Thursday because of a contract dispute with their workers. Canadian government officials met urgently to discuss the shutdown. Canadian National and CPKC railroads both locked...
NWSL Reaches New Collective Bargaining Agreement That Adds More Money for Players, Ends Draft
NEW YORK — The National Women's Soccer League and its players have reached a deal on a new collective bargaining agreement that eliminates the draft, guarantees all contracts, provides for parental leave and childcare benefits and promises more money for the players. Increased Salaries and Revenue Sharing The deal that...
Kirk Ferentz, Assistant Suspended for No. 25 Iowa’s Opener Over Recruiting Violation, Reports Say
IOWA CITY — Iowa coach Kirk Ferentz and an assistant coach will be suspended for the No. 25 Hawkeyes' opener against Illinois State on Aug. 31 over a violation while recruiting quarterback Cade McNamara, according to multiple media outlets. Reports Cite Unidentified Source The Athletic, citing an unidentified source, first...
US Home Sales Ended a 4-Month Slide in July Amid Easing Mortgage Rates, More Homes on the Market
LOS ANGELES — Sales of previously occupied U.S. homes ended a four-month slide in July as easing mortgage rates and a pickup in properties on the market encouraged home shoppers. Existing home sales rose 1.3% last month from June to a seasonally adjusted annual rate of 3.95 million, the National...
New Costco in South LA to Include Affordable Housing
A new Costco in South Los Angeles is approaching the city's housing crisis in an unconventional way. You can buy your chicken bakes, massive bottles of Costco tequila, and then go up to your apartment within the 800 residential units that will be placed above the story, which 184 will...
Government: US Economy Added 818,000 Fewer Jobs Than First Reported in Year That Ended in March
WASHINGTON — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve's plan to start cutting interest rates...
Professor Pete? Former Trojans, Seahawks Coach Pete Carroll Returning to USC to Teach a Class
LOS ANGELES — Pete Carroll is heading back to the University of Southern California — as a teacher. Carroll told KJR-FM on Tuesday that he plans to teach a class at USC in the spring, and the university confirmed Wednesday the championship-winning football coach's return in some role. "We are...
Stock Market Today: Wall Street Edges Lower Ahead of a Highly Anticipated Speech
NEW YORK — U.S. stocks are edging lower Thursday amid the countdown for Wall Street's main event this week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 was 0.3% lower in midday trading, though still within 1.1% of its all-time high set last month....
Pommel Horse Guy Stephen Nedoroscik Will Join ‘Dancing With the Stars’
NEW YORK — Fresh off the Olympics, U.S. breakout star and medalist Stephen Nedoroscik — better known to the internet as "Pommel Horse Guy" — will compete on the upcoming season of "Dancing With the Stars." The casting was announced on Thursday's episode of ABC's "Good Morning America." Nedoroscik is...