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>>Jobless Claims Up (Washington, DC) -- More Americans are looking for assistance as initial unemployment claims are up. Around 242-thousand claims were made last week, up 13-thousand from the previous week, according to Labor Department numbers out today. That's slightly above analyst predictions of 240-thousand claims.

 

>>Fed Raises Interest Rates By A Quarter Percentage Point

(Washington, DC) -- The Federal Reserve is raising interest rates again. Federal Reserve Chair Jerome Powell announced yesterday that the central bank is raising rates by a quarter of a percentage point, adding that the Fed is committed to bringing inflation down to two-percent. A post-meeting statement from the Fed suggests it could pause further increases next month. Powell said that was a meaningful change but a pause will depend on incoming data. The Fed chair also insisted the banking system is "sound," following the recent failure of First Republic Bank.

 

>>Ventura County Authorities Warning of Bitcoin ATM Scam

(Ventura, CA) -- The Ventura County Sheriff's Office is warning residents of a growing scam involving bitcoin. Several people, mostly senior citizens, have been preyed upon by scammers in recent weeks. People are being told to call a phone number to deal with a financial problem like debt, a bill or a fine. Once they call, the scammer tells them to withdraw money from their bank account and take it to a nearby bitcoin ATM. They're then instructed to send the money to a cryptocurrency wallet address. Authorities say most of these scammers aren't even in the U.S. The Ventura County Sheriff's Office is planning to put warning signs on bitcoin ATMs. Apple Savings Accounts

 

>>Apple Savings Account Attracts $1 Billion Dollars In Four Days

(Cupertino, CA) -- Apple's high-yield savings account attracted just shy of one-billion dollars in deposits in the first four days of its launch, according to a Forbes report. Apple launched a high-yield savings account last month as more consumers seek to take advantage of the high interest rate environment. The savings account is available to Apple Card customers through its partner, Goldman Sachs, and offers a yield of four-point-one-five with no minimum deposits, no minimum balance requirements, and no fees.

 

>>Hollywood Braces For Long Writer's Strike

(Los Angeles, CA) -- Most Hollywood productions have come to a screeching halt, as the Writers Guild voted to strike this week. The union says it's seeking higher minimum pay, and more writers per show, among other demands - conditions it says have been diminished in the content boom of the streaming era. The last writer's strike was in 2008 and lasted three months. The Alliance of Motion Picture and Television Producers said it offered a generous increases in compensation for writers as well as improvements in streaming residuals, but so far is refusing to negotiate with the union over other proposals that the guild is asking for. Writers are also concerned about production companies using A.I. to further diminish writer's roles.

 

>>Apple Savings Account Attracts $1 Billion Dollars

(Cupertino, CA) -- Apple's high-yield savings account attracted just shy of one-billion dollars in deposits in just the first four days of its launch, according to a Forbes report. Apple launched a high-yield savings account last month as more consumers seek to take advantage of the high interest rate environment. The savings account is available to Apple Card customers through its partner, Goldman Sachs, and offers a yield of four-point-one-five with no minimum deposits, no minimum balance requirements, and no fees.

 

>>Darden Restaurants Buying Ruth's Chris

(Orlando, FL) -- The restaurant company that owns Olive Garden and LongHorn Steakhouse is buying Ruth's Chris Steak House. The deal, worth more than 700-million-dollars, will see Darden Restaurants take over more than 150 Ruth's Chris Steak House locations around the world. Ruth's, founded in 1965 in New Orleans, brought in 505-million-dollars in revenue in 2022.

 

>>Jenny Craig Shuts Down After 40 Years

(Carlsbad, CA) -- Jenny Craig is shutting its doors after four decades. The weight loss company sent an email to employees saying it's closing because of its "inability to secure additional financing." It employs more than one thousand people whose last days will be this week. Jenny Craig had been running out of money while searching for a buyer for the past two weeks. But its employees say there was no indication before that the company was spiraling. The company was also struggling as competition increased after weight loss drugs hit the market and clients tended toward online services. Source Staff/acc Copyright © 2023 TTWN Media Networks Inc.

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