Jan 17 New regulation proposed by Biden administration would limit overdraft fees at big banks to as low as $3 By Ken Sweet, Cora Lewis, Associated Press Under the proposal, banks would have to show how much it costs for them to run overdraft services, or instead charge a benchmark fee that could be as little as $3. Continue reading
Jan 17 Retail sales were up 0.6 percent this holiday season, fueled by a strong job market By Anne D'Innocenzio, Associated Press While consumers continue to face higher borrowing costs and prices, spending is being fueled by a strong job market and rising wages. Continue reading
Jan 16 Supreme Court rebuffs Apple's court appeal on app payments, threatening billions in revenue By Mark Sherman, Michael Liedtke, Associated Press The justices rejected Apple's appeal of lower-court rulings that found some of Apple's app store rules for apps purchased on more than 1 billion iPhones constitute unfair competition under California law. Continue reading
Jan 15 At Davos, conflict, climate change and AI get top billing as leaders converge for the World Economic Forum By Jamey Keaten, Associated Press Climate, conflict and the rise of artificial intelligence round out a to-do list of global priorities at this year's edition of the World Economic Forum gabfest of business, political and other elites. Continue reading
Jan 15 German farmers and their tractors throng Berlin in protest against fuel subsidy cuts By Geir Moulson, Associated Press Over the past week, farmers have blocked highway entrances and slowed traffic across Germany with their protests, intent on pushing Chancellor Olaf Scholz's government to abandon the planned cuts entirely. Continue reading
Jan 13 Laundry is a top source of microplastic pollution. Here's how to clean your clothes more sustainably By Judith Weis, The Conversation Textiles shed microfibers while they are manufactured, worn and disposed of, but especially when they are washed. A single wash load can release several million microfibers. Continue reading
Jan 12 Supreme Court agrees to hear Starbucks appeal in Memphis union case By Associated Press Starbucks fired seven employees in Memphis in February 2022, citing safety. But the labor board intervened and asked a federal judge to require Starbucks to reinstate the workers. Continue reading
Jan 12 EPA proposes 'methane fee' for waste generated by oil and natural gas companies By Matthew Daly, Associated Press EPA Administrator Michael Regan said the proposed fee would work in tandem with a final rule on methane emissions EPA announced last month. Continue reading
Jan 12 The Supreme Court will decide whether local anti-homeless laws are 'cruel and unusual' By Associated Press The Supreme Court has agreed to review lower-court rulings that make it harder for cities in the western United States to prevent people from sleeping on the streets when there aren't enough beds in homeless shelters. Continue reading
Jan 12 Wholesale inflation in U.S. declined last month, signaling that price pressures are still easing By Paul Wiseman, Associated Press Friday's wholesale figures, which were all lower than economists had expected, reinforced the view that U.S. inflation pressures are slowing, if not always consistently. Continue reading