USA

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring, while also raising uncertainty about inflation.

The recent increase in delta cases and the emergence of the omicron variant “pose downside risks to employment and economic activity and increased uncertainty for inflation,” Powell said Monday in prepared remarks to be delivered to the Senate Banking Committee on Tuesday. The new variant could also worsen supply chain disruptions, he said.

NEW YORK (AP) — Wall Street steadied itself Monday after last week’s stock market slide caused by the newest coronavirus variant, with investors now waiting for more clues about just how much damage it may do to the economy.

The S&P 500 rose 1.3% to recover more than half of its drop from Friday, which was its worst since February. Bond yields and crude oil also recovered chunks of what they lost in traders’ knee-jerk reaction to run toward safety and away from risky investments.

(AP) --- Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.

But his prior lack of name recognition coupled with a solid technical background appears to be what some big company backers were looking for to lead Twitter out of its current morass.

WASHINGTON (AP) — Days after firebrand conservative Rep. Lauren Boebert of Colorado was harshly criticized for making anti-Muslim comments about Rep. Ilhan Omar, a Minnesota Democrat whom she likened to a bomb-carrying terrorist, the two spoke by phone Monday.

By both lawmakers’ accounts, it did not go well.

WASHINGTON (AP) — A House committee investigating the Jan. 6 Capitol insurrection will vote Wednesday to hold a former Justice Department official in contempt, demanding criminal charges against a defiant witness for a second time as lawmakers seek answers about the violent attack.

JEFFERSON CITY, Mo. (AP) — A federal judge on Monday blocked President Joe Biden’s administration from enforcing a coronavirus vaccine mandate on thousands of health care workers in 10 states that had brought the first legal challenge against the requirement.

The court order said that the federal Centers for Medicare & Medicaid had no clear authority from Congress to enact the vaccine mandate for providers participating in the two government health care programs for the elderly, disabled and poor.

PHILADELPHIA (AP) — Prosecutors asked the U.S. Supreme Court on Monday to reinstate Bill Cosby’s sexual assault conviction, complaining the verdict was thrown out over a questionable agreement that the comic claimed gave him lifetime immunity.

They said the Pennsylvania Supreme Court decision in June to overturn Cosby’s conviction created a dangerous precedent by giving a press release the legal weight of an immunity agreement.

NEW YORK (AP) — With an expanded definition to reflect the times, Merriam-Webster has declared an omnipresent truth as its 2021 word of the year: vaccine.

“This was a word that was extremely high in our data every single day in 2021,” Peter Sokolowski, Merriam-Webster’s editor-at-large, told The Associated Press ahead of Monday’s announcement.

CHICAGO (AP) — Two brothers stand at the center of the case that prosecutors will lay before jurors when the trial of Jussie Smollett begins this week.

The former “Empire” actor contends he was the victim of a racist and homophobic assault in downtown Chicago on a frigid night in January 2019. The siblings, who worked with him on the TV show, say he paid them $3,500 to pose as his attackers.

WASHINGTON (AP) — Before last year’s presidential election, Facebook ads targeting Latino voters described Joe Biden as a communist. During his inauguration, another conspiracy theory spread online and on Spanish-language radio warning that a brooch worn by Lady Gaga signaled Biden was working with shadowy, leftist figures abroad.

And in the final stretch of Virginia’s election for governor, stories written in Spanish accused Biden of ordering the arrest of a man during a school board meeting.