Business

Federal Prosecution Could Mean Death Penalty for Accused Killer of UnitedHealthcare CEO

Former Judge Andrew Napolitano told Newsmax on Thursday that Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, could face the death penalty if federal prosecutors pursue charges of murder as an act of terrorism.

North Carolina Secures Over $1.1 Billion in Aid for Hurricane Helene Recovery

In the wake of Hurricane Helene, which killed 103 people and caused an estimated $53 billion in damages, North Carolina has received significant aid for recovery efforts, including over $1.1 billion in state relief and billions more in federal requests. The storm, considered the state’s worst natural disaster, has prompted both state and federal governments to take action, though criticism has followed regarding the adequacy of those efforts.

Senator Introduces Bill to ‘Drain the Swamp’

Senator Joni Ernst (R-IA) introduced a bill that would remove almost a third of federal employees from Washington, D.C.

Retail Theft Surges by 93%: Calls for Federal Action Grow

Shoplifting incidents in the U.S. surged 93% in 2023 compared to pre-pandemic levels, with retailers experiencing a 90% rise in monetary losses, according to a new study by the National Retail Federation (NRF).

New Lithuanian Furniture Plant in Mocksville to Create 250 Jobs

A $70 million furniture manufacturing plant planned by SBA Home, a Lithuanian company that produces furniture for IKEA, will bring 250 new jobs to Mocksville, North Carolina, thanks to significant state and local incentives. The North Carolina Economic Investment Committee approved a $1.4 million job development investment grant, to be distributed over the next 12 years, while Mocksville and Davie County contributed $800,000 in incentives to support the project.

Federal Reserve Cuts Interest Rates for Third Consecutive Time Amid Economic Shifts

The Federal Reserve made its third consecutive interest rate cut on Wednesday, reducing its benchmark rate by a quarter of a percentage point. The move, widely anticipated by investors and financial markets, brings the federal funds rate to a target range of 4.25 percent to 4.50 percent. Since beginning its rate cuts in September, the Fed has now lowered rates by a total of 100 basis points, or one percentage point.

Prosecution Concludes Corruption Trial Against Former Illinois House Speaker Michael Madigan

The prosecution concluded its case on Wednesday in the federal corruption trial of former Illinois House Speaker Michael Madigan, setting the stage for closing arguments in the coming days.

Washington State Weighs One Percent Wealth Tax

Washington Governor Jay Inslee (D) proposed a wealth tax designed to increase the state's revenue.

Pennsylvania Creates Fund for Businesses in ‘Disadvantaged Communities’

Pennsylvania launched a fund for businesses in "historically disadvantaged" areas.

Uber, Tech Leaders Contribute $1 Million Each to Trump Inaugural Fund

Uber Technologies and its CEO Dara Khosrowshahi each donated $1 million to President-elect Donald Trump’s inaugural fund, a company spokesperson confirmed on Tuesday.

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