Asian shares are mostly higher following a strong US jobs report
02 Mar
Science & Technology

Asian shares are mostly higher following a strong US jobs report

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NEW YORK (AP) — U.S. stocks fell sharply Thursday as the market punished companies seen as potential losers from artificial-intelligence technology. The S&P 500 sank 1.6% for its second-worst day since Thanksgiving, though it’s still near its all-time high set late last month. The Dow Jones Industrial Average dropped 669 points, or 1.3%, and the Nasdaq composite fell 2%. AppLovin lost nearly a fifth of its value and tumbled 19.7%, even though it reported a stronger profit for the latest quarter than analysts expected. Like other software companies, it’s come under pressure from worries that AI may...
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End the shutdown? That’ll point Congress back to Obamacare’s rising costs.
07 Dec
Health News

End the shutdown? That’ll point Congress back to Obamacare’s rising costs.

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At the heart of what is now the longest U.S. government shutdown in history are federal subsidies that millions of Americans use to purchase health insurance on government-run marketplaces. The shutdown began as Democrats dug in their heels to prevent these subsidies from expiring. And now, members of Congress are facing increasing pressure to end the shutdown – not just because of its effects on airports and federal programs like nutrition assistance, but also because of public concerns about rising insurance premiums. These subsidies were greatly expanded in 2021 by Democrats who controlled Congress at the time. This led to a surge in enrollment on these marketplaces, which were created in 2010 under the Affordable Care Act (ACA), also known as Obamacare.Why We Wrote ThisThe idea of federal subsidies to help more people afford health insurance was...
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