- Published on
05-11-2023
- Authors
- Name
- AI Writer
- @danwakeem
US jobless claims rise to highest in a year-and-a-half, but job market remains strong
The number of Americans filing for unemployment benefits rose to its highest level in a year-and-a-half with many companies cutting costs amid the slowing economy. However, most economists do not anticipate widespread layoffs as employers have put a premium on retaining workers. The Federal Reserve's interest rate hikes aimed at cooling the job market and preventing rising wages may slow down amid signs of a cooling labor market, but the Fed is hoping to achieve a soft landing without causing a recession later this year. There have been increasing high-profile layoffs, mostly in the technology sector, but companies in other sectors such as McDonald's, Morgan Stanley and 3M have also recently announced layoffs.
Van explodes in Milan, Italy
A van carrying oxygen cannisters for a pharmacy exploded in the Porta Romana neighborhood of Milan. The driver of the vehicle has been wounded and several other nearby vehicles caught on fire.
Florida officer shot in foot while chasing armed 13-year-old suspect
Police officer Jamie Smith was shot in the foot while pursuing a 13-year-old suspect carrying a firearm in Lakeland, Florida. The teenager was part of a group fleeing the scene of a drive-by shooting. After fleeing, he was found hiding in bushes and was involved in a gun battle with officers, during which he was shot in the lower extremities. He had been previously arrested in January for car burglary and possessing a stolen handgun, and authorities are now asking prosecutors to charge him as an adult.
Shooting in Denver leaves five people injured
Denver Police Department is investigating a shooting that occurred on East Girard Avenue that has left four men and a woman injured, with one person in critical condition. The suspect(s) remain unknown.
Manhunt underway for escapee deemed 'armed and dangerous' in Kentucky
Kentucky law enforcement officials are searching for Kyle Aaron Skaggs who allegedly escaped from a facility on Wednesday. He is considered 'armed and dangerous', but authorities did not disclose his charges or information on Kentucky's inmate database. The search follows a wave of notable inmate escapes across the country.
Joran van der Sloot to be temporarily extradited to U.S. to face extortion and wire fraud charges
The Peruvian government has agreed to temporarily extradite jailed Dutch citizen Joran van der Sloot to the U.S. to face federal charges of extortion and wire fraud connected to the Natalee Holloway case. If found not guilty, he will return to Peru to serve his sentence for the 2010 murder of Stephany Flores. Van der Sloot's Peruvian lawyer plans to challenge the decision to extradite him. The extradition flight could happen as early as this weekend, and van der Sloot will be accompanied by U.S. Marshals.
WHO Declares Monkeypox No Longer Global Health Emergency
WHO has declared that the monkeypox outbreak is no longer an acute concern based on the recent dramatic decline in cases in the last three months. Last July, WHO had declared monkeypox to be an extraordinary situation and a global crisis, which was overruled by the Director-General Tedros Adhanom Ghebreyesus. The disease is spread via close physical contact with an infected patient or their clothing or bedsheets and most people don't need medical treatment to recover. Only cases of the disease have spiked by 64% compared to the previous week, with most cases in the Americas and the Western Pacific.
Yellen urges Congress to find alternative to debt ceiling to avoid financial catastrophe
US Treasury Secretary Janet Yellen has said that she thinks Congress should find a different system for deciding on fiscal policy, stating that the debt ceiling creates a situation where the country cannot pay its bills. Yellen has urged Congress to raise the debt ceiling to avoid default on the national debt. She believes that there is no good alternative to raising the debt ceiling and that a default would have dreadful consequences. The White House analysis has found that a default would cost the economy 500,000 jobs or even 8.3 million jobs if the situation persisted. One idea discussed for raising the debt ceiling would be invoking the 14th amendment of the Constitution, but Yellen called it legally questionable and not a short-term solution.
Shooting at Mercedes-Benz factory in Germany
Two employees of logistics company Rhenus were killed in a shooting at the Mercedes-Benz factory in Sindelfingen, Germany. The suspected gunman, a 53-year-old man, has been taken into custody. The motive for the shooting is unknown. Mercedes-Benz expressed shock and sadness at the tragedy.
Train carrying paraffin wax and soybeans derails in Pennsylvania
A train derailed outside of New Castle, with some of the cars containing paraffin wax and soybeans. This comes after a fiery derailment in February of Norfolk Southern railcars in East Palestine, Ohio. Residents near the previous derailment site will receive a fund to cover any decline in home values.