WASHINGTON — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.
The bumpy and mostly lower ride came as investors worry that the Federal Reserve may not succeed in engineering a smooth cooldown of the economy without letting inflation get out of hand.
It’s part of European efforts to elude a Russian blockade of Ukraine’s ports that has prevented critical supplies of wheat, corn and other grains from getting to countries in Africa, Middle East and parts of Asia.
Biden is pressing Congress to approve a stalled competition and innovation bill that the Democratic president says is critical to bolstering domestic manufacturing and helping solve a semiconductor shortage.
It didn’t specify when the rules would take force, saying legislation would come “in due course.” The new watchdog would enforce rules that make it easier for people to switch between iPhones and Android devices or between social media accounts without losing their data and messages.
The company said Friday in its 2021 “Impact Report” that it expanded its Safety Net program and health insurance offerings last year to include “travel and lodging support for those who may need to seek health care services that are unavailable in their home state.” The car maker officially moved its corporate headquarters last year from Silicon Valley to Texas, which passed a law banning abortions at roughly six weeks of pregnancy.
NEW YORK — Nvidia, a major tech company that has expanded aggressively into gaming, will pay a $5.5 million penalty for failing to disclose that cryptomining was a significant source of revenue growth from the sale of graphics processing units produced and marketed for gaming.
Blender is accused of assisting Lazarus Group, a sanctioned North Korean cyber hacking group, to carry out a $620 million digital currency heist in March.
The Russell 2000 index of smaller companies tumbled 31.58 points, or 1.7%, to 1,839.56.