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Business and Economic News

Nike suspends its relationship with Kyrie Irving over his antisemitic post

Nike suspends its relationship with Kyrie Irving over his antisemitic post

The company's action came a day after the Nets suspended Irving without pay for at least five games for "publicizing the film containing deeply disturbing antisemitic hate."
by Don Clyde

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The future of work: Is a 4-day workweek achievable?

The future of work: Is a 4-day workweek achievable?

The pandemic forced us to rethink when and how much we work. MPR News host Angela Davis talks about work-life balance and the four-day workweek.
by Angela Davis and Matthew Alvarez

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U.S. employers keep hiring at solid pace, adding 261,000 jobs

U.S. employers keep hiring at solid pace, adding 261,000 jobs

America’s employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.
by The Associated Press

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A cooling job market could help to ease inflation

A cooling job market could help to ease inflation

Forecasters think hiring slowed modestly in October. That might take some of the upward pressure off inflation.
by Scott Horsley

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CVS Health agrees to $5B settlement of opioid lawsuits

CVS Health agrees to $5B settlement of opioid lawsuits

CVS Health says it has agreed to pay about $5 billion to state, local and Native American tribal governments to settle lawsuits over the toll of opioids. The deal would make the Rhode Island company the first major pharmacy chain to enter a nationwide settlement over how it handled powerful and addictive prescription painkillers.
by The Associated Press

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The Fed is poised for another jumbo interest rate hike. Many are wondering what's next

The Fed is poised for another jumbo interest rate hike. Many are wondering what's next

The Federal Reserve is expected to raise interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.
by Scott Horsley

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Musk floats paid Twitter verification, fires board

Musk floats paid Twitter verification, fires board

Twitter's new owner fired the company's board of directors and made himself the board's sole member, according to a company filing Monday with the Securities and Exchange Commission.
by The Associated Press

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Right-wing 'zombie' papers attack Illinois Democrats ahead of elections

Right-wing 'zombie' papers attack Illinois Democrats ahead of elections

Printed newspapers sent out across Illinois push Republican talking points against Democrats just in time for election season. They're taking advantage of the erosion of local news.
by David Folkenflik

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