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WASHINGTON (AP) — The U.S. Supreme Court has preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.The justices said by an 8-1 vote Monday that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement.Last year, the SEC obtained .2 billion in repayment of profits from people who have been found to violate securities law.Justice Sonia Sotomayor wrote for the court that the award must be limited to no more than “a wrongdoer’s net profits."Justice Clarence Thomas dissented. 581

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March but a figure that remains historically high and indicates the viral pandemic is still forcing many employers to cut jobs.Unemployment Insurance Weekly ClaimsInitial claims were 751,000 for the week ending 10/24 (-40,000).Insured unemployment was 7,756,000 for the week ending 10/17 (-709,000).https://t.co/ys7Eg5LKAW— US Labor Department (@USDOL) October 29, 2020 Rising confirmed virus cases in nearly every state, along with a cutoff in federal aid, are threatening to weaken the economy in the coming months.As temperatures fall, restaurants and bars will likely serve fewer customers outdoors. And many consumers may increasingly stay home to avoid infection.Those trends could force employers to slash more jobs during the winter.Though many are still unemployed, the U.S. economy has shown signs of recovery, growing at a 33.1% annual rate in the July-September quarter, the Bureau of Economic Analysis announced Thursday. That’s the largest quarterly gain on record, The Associated Press reports.The growth comes after the historic economic plunge brought on by the pandemic in the spring, when businesses had to close and lay off workers.The Washington Post reports that the U.S. economy has recovered about two thirds of the ground it lost during the first half of the year. Though, The Post says these numbers don’t mean the economy has entirely healed or that the pace of the recovery will continue into the final quarter, especially because of the recent surge in COVID-19 cases across the nation. 1639

WASHINGTON, D.C. – President-elect Joe Biden has announced more nominees and appointees for key national security, foreign policy and treasury positions.Biden has chosen former Federal Reserve Chair Janet Yellen to serve as Secretary of the Treasury, The Associated Press and other outlets report. The 74-year-old would be the first woman to lead the Treasury Department.Biden’s White House transition team announced Monday that former Secretary of State John Kerry will lead the incoming administration’s effort to combat climate change. His official title will be Special Presidential Envoy for Climate.As for Director of National Intelligence, the transition team says Biden will nominate Avril Haines, a former Principal Deputy National Security Advisor to President Barack Obama and Legal Advisor to the National Security Council.The transition team also said Biden will nominate Alejandro Mayorkas for the Secretary of Homeland Security position. He previously served as Deputy Secretary of Homeland Security (DHS) under the Obama-Biden administration. If confirmed, the transition team says Mayorkas would be the first immigrant and Latino to lead DHS.America will soon have a government that treats the climate crisis as the urgent national security threat it is. I'm proud to partner with the President-elect, our allies, and the young leaders of the climate movement to take on this crisis as the President's Climate Envoy.— John Kerry (@JohnKerry) November 23, 2020 As for Director of National Intelligence, the transition team says Biden will nominate Avril Haines, a former Principal Deputy National Security Advisor to President Barack Obama and Legal Advisor to the National Security Council.When I was very young, the United States provided my family and me a place of refuge. Now, I have been nominated to be the DHS Secretary and oversee the protection of all Americans and those who flee persecution in search of a better life for themselves and their loved ones.— Alejandro Mayorkas (@AliMayorkas) November 23, 2020 The transition team also confirmed that Biden plans to nominate Antony Blinken to serve as Secretary of State in his administration. He served as Deputy Secretary of State during the Obama-Biden administration, the nation’s second highest ranking diplomat.Additionally, Biden will appoint Linda Thomas-Greenfield to serve as U.S. Ambassador to the United Nations. She’ll return to public service after retiring from a 35-year career with the U.S. Foreign Service in 2017.My mother taught me to lead with the power of kindness and compassion to make the world a better place. I’ve carried that lesson with me throughout my career in Foreign Service – and, if confirmed, will do the same as Ambassador to the United Nations.— Linda Thomas-Greenfield (@LindaT_G) November 23, 2020 Lastly, the transition team named Jake Sullivan as a National Security Advisor. He currently serves as a senior policy advisor to Biden and formerly served as Deputy Assistant to the President and National Security Advisor to then-Vice President Joe Biden in the Obama-Biden administration.According to a press release obtained by ABC reporter Milly Nagle, Biden and Vice President-elect Kamala Harris will formally announce their picks on Tuesday.“President-elect Biden and Vice President-elect Harris have chosen experienced crisis-tested leaders who are ready to hit the ground running on day one,” the release says. “These officials will start working immediately to rebuild our institutions, renew and reimagine American leadership to keep Americans safe at home and abroad, and address the defining challenges of our time – from infectious disease, to terrorism, nuclear proliferation, cyber threats and climate change.” 3748

We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.— Twitter Support (@TwitterSupport) July 16, 2020 231

We know it's been a few days since we last gave you an update on the boss. But he is still in the hospital being treated with oxygen for his lungs. In the meantime, the doctors say his other organs and systems are strong.— Herman Cain (@THEHermanCain) July 27, 2020 273

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