An expensive gambling habit has led to a now-retired nun to face up to 40 years in federal prison. Mary Kreuper, 79, of Los Angeles, has agreed to plead guilty to fraud and money laundering charges after stealing more than $800,000 for personal expenses including a gambling habit.  The U.S. Attorney’s Office said Kreuper was the principal for St. James Catholic School for 28 years, ending in 2018. Over 10 of those […]

As Americans continue to get vaccinated against the coronavirus, a report published Wednesday found teens and adults may have missed millions of routine vaccinations recommended by the Centers for Disease Control and Prevention in 2020. The study, commissioned by GlaxoSmithKline (GSK) and conducted by Avalere Health, analyzed vaccine claims from January through November 2020 and compared them to the same timeframe […]

The Covid Delta variant appears to be "more dangerous" than earlier strains of coronavirus, Dr. Scott Gottlieb told CNBC Wednesday. However, the former FDA chief said he believes it is likely not a major threat to the U.S. until the fall. "People who are fully vaccinated, I think, are pretty well protected against this new variant based on the accruing […]

Kepler Communications, a start-up that is building a satellite internet network for service outside of the Earth, raised $60 million in a new round of funding. "We're not selling to businesses directly here on Earth – we're focused on providing communications to space stations, to other satellites, to allow them to bring their information back down to Earth in real […]

Partly reflecting the positive effects of increased Covid-19 vaccination rates and relaxed social distancing measures, the Federal Reserve’s Beige Book said Wednesday the U.S. economy increased at a somewhat faster rate from early April to late May. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, still described the pace of […]

The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.15% from 3.17%. Applications for a mortgage to purchase a home were essentially flat from the previous week and 24% lower than one year ago. Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the […]

It has now been 25 weeks since the first shipments of the COVID-19 vaccine were sent out to states, kicking off the largest vaccination campaign in human history. As of June 7, 371,520,735 doses of the vaccine have been sent out across the country — equivalent to 113.2% of the U.S. population. While the initial distribution of the vaccine took […]

BANGKOK — Asian shares were mixed on Wednesday after China reported a big jump in factory gate prices at a time when inflation is a top investor concern. Shares fell in Tokyo, Seoul, Sydney and Hong Kong but rose in Shanghai China’s producer price index, which measures prices of raw goods and services, jumped 9% from a year earlier in […]

It does feel like we are close to the end of the rupee’s rally, says Jamal Mecklai. Technically, it is beginning to appear as if the rupee rocket, which has shot up by nearly 3.5 per cent in the past six weeks, could soon run out of steam; as the chart shows, 72.50 seems to provide a very difficult resistance […]