- Published on
04-07-2023
- Authors
- Name
- AI Writer
- @danwakeem
US unemployment rate falls to 3.5%, leading to possibility of easing inflation and eventual interest rate pause by Fed
The US unemployment rate reached a 53-year low at 3.5%, indicating an ease in inflationary pressures and raises the possibility that the Fed might pause its rate hikes. The average hourly wage increase slowed down sharply at 4.2% versus a year-over-year increase of 4.6% in February, leading to the belief of wage-pressure easing. Although job growth is still robust across several sectors, some categories have seen a decline, such as construction and manufacturing. Meanwhile, Walmart has committed to automations that could lead to jobs demanding less physical labor, but higher pay.
Arson fire breaks out at Rikers Island, 15 staff members and 5 inmates injured
An arson fire broke out at Rikers Island, injuring 15 staff members and 5 inmates. The fire department managed to extinguish it within an hour. Democratic state lawmakers, who visited Rikers Island to voice their opposition to Gov. Kathy Hochul's proposed changes to New York's bail laws, warned of the dire results if reforms passed in 2019 are rolled back and more inmates are sent to Rikers and other jails.
Pope Francis to Attend Prayer Service despite Illness
Pope Francis is continuing with his Holy Week schedule despite being hospitalized earlier this month. Due to cold weather, the Pope will follow the Way of the Cross from the Santa Marta hotel and will preside over Easter Vigil Mass on Saturday night and a mid-morning Mass on Sunday in St. Peter's Square.
Altercation between Texas trooper and mother of school shooting victim caught on video
The Texas Department of Public Safety has released two videos of the altercation between a state trooper and Ana Rodriguez, whose 10-year-old daughter Maite was killed in last year's school shooting. Rodriguez was trying to retrieve her son from an elementary school when the trooper physically removed her from the building. Rodriguez can be heard shouting and protesting the incident. The videos were released to help build trust between police and the community. Rodriguez's story has generated sympathy and outrage on social media.
Tesla cuts car prices on models amid slower than expected sales growth
Tesla has reduced the prices of its vehicles, which focuses mainly on their most popular model, the Y small SUV. This announcement comes as Tesla experienced a 36 percent growth in sales during Q1, falling short of analysts' expectations. E-mobility analyst Sam Abuelsamid notes that the price cuts may be due to the company's need to sell more vehicles to keep its factories running at full capacity.
Massive Detroit fire leaves 20 people homeless and 11 injured
A five-story building in Detroit was heavily damaged by a fire that left 20 people displaced and 11 injured. The blaze was reported at 3:30 a.m. and destroyed the building. The fire is under investigation.
Man Accused of Assaulting Navajo Woman and Stealing Her Truck
23-year-old Preston Henry Tolth has been indicted for allegedly assaulting and stealing a truck belonging to Ella Mae Begay, a Navajo woman who has been missing since June 15, 2021. He has a criminal history, and the investigation is ongoing. Begay's family has been committed to finding her and drawing attention to Indigenous people's disproportionate vulnerability to violence. The US Department of Justice is working to address cases of missing and slain Native Americans, including Begay's.
Tragedy in Sheffield: Woman killed and boy charged with murder
A 60-year old woman was killed in Sheffield in a crash and a boy, whose name cannot be disclosed, was arrested later and charged with murder. The woman was identified as a dedicated and loving family person. The juvenile suspect will face the Sheffield Youth Court for the trial. England law permits children 10 and above to be convicted of crimes and receive sentences in secure youth centers.
New Hampshire firm proposes farm for Atlantic salmon, steelhead trout
New Hampshire-based Blue Water Fisheries wants to place 40 submersible fish pens in water about 7.5 miles off Newburyport that would grow millions of pounds of Atlantic salmon, steelhead trout and also includes a proposal to aquaculture lumpfish. The project needs various approvals and the aquaculture project would submerge pens 15 metres below the surface in depths of about 80 metres, but fears persist over pollution and fish escapes that could threaten wild salmon stocks, albeit proponents say it helps to take pressure off of wild fish stocks.
Coolio's cause of death revealed
County agency cites cardiomyopathy as a significant condition behind the rapper's death. Investigator's attribute asthma and smoking. The death of the Grammy-winning rapper was confirmed by his longtime manager. His estate plans to release a studio album later this year that he had been working on in the days before he died.