Month: July 2022

Postmaster General Louis DeJoy says the Postal Service may need to cut its workforce by 50,000 jobs as the agency seeks to consolidate its network of facilities that process mail. DeJoy, speaking at the American Enterprise Institute on Wednesday, said he plans to consolidate 500 facilities that USPS processes and moves mail to about 65 to 75 regional centers. DeJoy said he is “committed to a stable workforce” and is working with mail… READ MORE Postmaster General Louis DeJoy says the Postal Service may need to cut its workforce by 50,000 jobs as the agency seeks to consolidate its network…

In an unexpected turn of events, Tesla CEO Elon Musk announced his intention to end the $44 billion Twitter deal in a letter sent to the social media giant’s board of directors. In short, one of the world’s richest men is not happy with the lack of information Twitter provides about spam and fake accounts. According to the letter, which is addressed to Twitter chief legal officer Vijaya Gadde, Musk is ending the merger because Twitter “appears to have made false and misleading statements,” which Musk used as a benchmark for his decision. Elon Musk initially agreed to buy the…

With one Mega Millions jackpot of at least an estimated $1.1 billion in play, emotion was building as Friday’s 11pm EDT draw approached. The cash payout for this grand prize would be $648.2 million. The prize pool topped $1 billion this week, marking only the third time the jackpot has surpassed that threshold in the game’s two-decade history. The game’s current jackpot is almost as big as record amounts won in 2018 and 2021. In those years, players whose ticket numbers matched the numbers drawn by Mega Millions administrators received approximately $1.05 billion and $1.5 billion. The current jackpot started…

A gauge of inflation that the Federal Reserve uses as its main barometer jumped in June to its biggest 12-month gain in more than 40 years, the Bureau of Economic Analysis reported Friday. The personal consumption expenditure price index rose 6.8%, the biggest move in 12 months since a 6.9% rise in January 1982. The index rose 1% from in May, tying its biggest monthly gain since February 1981. Excluding food and energy, so-called core PCE rose 4.8% from a year ago, up a tenth from May, but below the recent peak of 5.3% reached in February. On a monthly…

Rescue workers pulled people from rooftops amid rapidly rising water Thursday in central Appalachia, where torrential rains triggered some of the worst flooding in state history. taking at least eight life in his step and leaving several people missing, according to Kentucky Governor Andy Beshear. “Tonight we need your continued prayers for the people of Eastern Kentucky,” Beshear said in an update Thursday evening. “This is an ongoing natural disaster, with more rain expected tonight that could worsen the situation. The death toll has heartbreakingly risen to 8 Kentuckians lost.” An emergency official in hard-hit eastern Kentucky described the situation…

“There are going to be several families that we’ve lost,” Beshear told Brianna Keilar on CNN’s “New Day.” “Kids who won’t have the opportunity to grow up and experience as much as we have.” “This is so deadly, and it hit so hard, and it hit in the middle of the night,” the governor said, adding that while eastern Kentucky often floods, “we’ve never seen something like this”. Rescuers are working around the clock to reach areas hard to reach due to flooding that swept through the area after heavy rains from Wednesday night into Thursday. Beshear warned Thursday that…