International Business Times

Fewer and fewer people are making new applications for unemployment benefits in the United States each week

New US Unemployment Claims Continue Downward Slide

The Labor Department reported 473,000 new seasonally adjusted claims for jobless benefits made in the week ended May 8, fewer than expected and 34,000 less than the previous week's upwardly revised level.

National

Rising Food Costs Fuel Inflation Fears

While wholesale prices and food costs increase, experts say it's to be expected when coming out of a recession.

Technology

Tesla boss Elon Musk's skepticism of bitcoin comes amid mounting concern over its energy intensive mining process

Why Does Bitcoin Consume 'Insane' Energy?

Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from bitcoin mining for particular criticism.

Biden 'Prepared To Compromise' On Infrastructure

President Biden said the Republicans met with him in "good faith," but Sen. Mitch McConnell seemed to suggest there was no room for cooperation.

The CDC data documented the 10 cases of anaphylactic shock among a reported 4,041,396 first doses of the Moderna vaccine

CDC Say Vaccinated People Can Go Without Masks

Those vaccinated against COVID do not need to wear masks except under certain circumstances, the CDC said.

Stations with fuel in their tanks saw long lines of motorists rushing to fill up amid the Colonial Pipeline shutdown

Gas Prices Rise As Pipeline Reopens

Officials are hopeful they can restore full functionality by next week, but in the meantime the Southeast is dealing with lines, soaring prices and shortages.

More News

McDonald’s Beefs Up Corporate Restaurant Workers’ Wages

McDonald's franchisee workers still plan on striking on May 19 as they demand a wage of at least $15 per hour.

The US economy is reopening and prices are rising, but the real question is, will those increases stay?

Consumer Prices Rise At Fastest Pace Since 2008

The latest from the Consumer Price Index shows a 4.2% rise in 12 months. A closer look at the data, however, reveals that's not as alarming as it sounds.

Elon Musk's Tesla has outperformed other tech giants since March, but some analysts now think the company is overvalued

Musk Slammed By Critics Over Halt Of Tesla EV Bitcoin Payments

"Wow, you change your mind faster than a chameleon changes colors," one Twitter follower said of Musk.

JPMorgan Chase's results were bolstered by reserve releases and a strong performance in investment banking

Banks Look To Give Credit Cards To Those Without Credit Scores

The banks would look at a consumer's bank accounts to determine whether or not to extend credit without a credit score.

IBT Video

Besides $1,400, What Other Benefits Will You Get From The Relief Bill?

Texas Governor Greg Abbott, a Republican and ally of US President Donald Trump, issues an executive order requiring face coverings in public spaces as the state marks record numbers of new infections.

Experts Disagree With Gov. Abbott’s Decision To Reopen Texas

Rows of seats were set out in the ruins of the Syriac Catholic Church of the Immaculate Conception in Mosul's Old City ahead of Pope Francis' visit

Pope Celebrates Largest Mass Of Historic Iraq Trip

A resident in Waco, Texas clears snow as the oil-rich state struggles to cope with a historic cold snap

Millions Across The Snowy South Can't Access Water

Boeing Says US Approves Fix For 737 MAX Electrical Issue

Boeing on Thursday said it had received approval from US regulators for a fix to an electrical problem that has grounded more than 100 737 MAX planes globally since early April.

Kim Kardashian West Denies Purchasing 'Looted' Ancient Roman Statue

US Flies Spy Plane Close To Chinese Naval Base Amid Live-Fire Drills

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