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U.S. may need slower economic growth to beat inflation, Fed chair says

By Christopher S. Rugaber, Associated Press

Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market.

U.S. eases oil and gold sanctions on Venezuela after electoral roadmap signed

By Fatima Hussein, Associated Press

The move comes in response to Venezuela's government and a faction of its opposition formally agreeing to work together to reach a series of basic conditions for the next presidential election.

Starbucks, Workers United union sue each other in standoff over pro-Palestinian social media post

By Dee-Ann Durbin, Associated Press

Starbucks wants Workers United to stop using its name and logo. Workers United responded with its own filing, asking a federal judge to continue to use Starbucks' name and a similar logo, and accusing Starbucks of defamation.

U.S. sanctions 10 Hamas members and its financial network over surprise Israel attack

By Fatima Hussein, Associated Press

Targeted for Treasury Department sanctions are Hamas investment portfolio managers, a key Hamas commander and a Gaza-based virtual currency exchange, among others.

Stalled spending on electrical grids slows rollout of renewable energy, endangering climate goals

By David McHugh, Associated Press

Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or refurbished in the next few years.

IRS plans rollout of free e-file tax return system with invitations to limited taxpayers

By Fatima Hussein, Associated Press

The agency, which is working on implementing state filing into its pilot, estimates that hundreds of thousands of taxpayers will participate in the limited rollout of the program for the 2024 filing season.

Rite Aid files for bankruptcy amid financial losses, opioid-related lawsuits

By Tom Murphy, Elaine Kurtenbach, Associated Press

The drugstore chain said late Sunday it also has obtained $3.45 billion in fresh financing from some of its lenders. That will help support the company through its voluntary Chapter 11 process.

Analysis: The potential global impact of California’s new corporate climate disclosure laws

By Lily Hsueh, The Conversation

The legislation is a major leap from current federal and state reporting requirements, which require reporting of only certain emissions from companies’ direct operations.

U.S. oil production hits all-time high, conflicting with efforts to curb climate change

By Seth Borenstein, Associated Press

United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders.