Economy

Filter

Amazon rolls out independent cloud for Europe to address stricter privacy standards

By Michelle Chapman, Associated Press

Amazon Web Services said Wednesday that its AWS European Sovereign Cloud, which will be located in and operate out of Europe, will have the same security, availability, and performance as existing AWS Regions but will be separate from them.

Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says

By Ashraf Khalil, Associated Press

A new Department of Agriculture report released Wednesday paints a sobering picture of post-pandemic hardship with "statistically significant" increases in food insecurity.

More than 40 states sue Meta claiming its social platforms are addictive and harm children's mental health

By Barbara Ortutay, Associated Press

The lawsuit filed in federal court in California also claims that Meta routinely collects data on children under 13 without their parents' consent, in violation of federal law.

Chevron buys Hess Corp. for $53 billion, the 2nd oil megadeal this month as energy prices soar

By Michelle Chapman, Associated Press

Chevron is buying Hess Corp. for $53 billion and it's not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

WATCH: Biden announces new tech hubs in 32 states during remarks on Bidenomics and economy

By Darlene Superville, Associated Press

The White House says the dozens of U.S. technology hubs President Joe Biden is announcing will help communities across the country become centers of innovation critical to its competitiveness.

Chevron buys Hess in 2nd recent major fossil fuel industry buyout

By Michelle Chapman, Associated Press

The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Crude prices are up 9% this year and have been hovering around $90 per barrel for about…

Judge rules Alex Jones can't use bankruptcy protection to avoid paying Sandy Hook families

By Associated Press

It's another defeat for Jones in the wake of juries in Texas and Connecticut punishing him over spreading falsehoods about the nation's deadliest school shooting.

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.