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Big Tech pushes voter initiatives to counter misinformation
Tech giants are going all in on civic engagement efforts ahead of November's election to help protect themselves in case they're charged with letting their platforms be used to suppress the vote.
Why it matters: During the pandemic, there's more confusion about the voting process than ever before. Big tech firms, under scrutiny for failing to stem misinformation around voting, want to have concrete efforts they can point to so they don't get blamed for letting an election be manipulated.
U.S. economy added 379,000 jobs in February
The economy added 379,000 jobs in February, while the unemployment rate dropped to 6.2% from 6.3%, the Labor Department said on Friday.
Why it matters: The first Biden-era jobs report shows hiring surged as coronavirus cases eased — though a full recovery remains far off. Economists expected the economy to add roughly 182,000 jobs last month, after adding a paltry 49,000 in January.
This story is breaking news. Please check back for updates.
Biden admin sending FEMA to border to help care for unaccompanied child migrants
The Biden administration announced Saturday it has directed the Federal Emergency Management Agency (FEMA) to the southern border to help care for unaccompanied child migrants arriving there.
Why it matters: The record number of child migrants crossing the border has been overwhelming the administration's stretched resources, per Axios' Jonathan Swan and Stef Kight.
Pop in corn prices could signal more cost spikes ahead
The price of corn is surging at a record pace. Prices have risen by 16% so far this month, the largest monthly gain since May 2019, and have risen every month since July, unleashing a 43.7% gain so far this year, per FactSet.
Why it matters: As commodities like lumber and copper see prices sky higher and global food prices continue to soar, the price of corn is especially important because it is a major input for everything from gasoline to meat to industrial products like wallboard and insulation used in houses.