Mar 08 Watch 7:48 Why many Americans feel unhappy about the economy despite indicators of improvement By Paul Solman, Diane Lincoln Estes Friday’s latest jobs report is proof again of a labor market that has been resilient and often stronger than expected. But according to numerous polls, many Americans don’t feel the economy is strong overall or helping them or their families. Continue watching
Mar 08 Biden says he'll sign proposed TikTok ban if Congress passes it By Aamer Madhani, Associated Press The legislation that passed through the U.S. House Energy and Commerce Committee unanimously on Thursday calls on China's ByteDance to divest its ownership of TikTok — or effectively face a U.S. ban. Continue reading
Mar 08 Biden calls out 'shrinkflation' as part of a broader strategy to reframe how voters view the economy By Josh Boak, Associated Press The president's focus on shrinkflation is part of a broader strategy to reframe how voters think about the economy before the November election. Biden is trying to deflect criticism about high prices and instead pin the blame on big business. Continue reading
Mar 07 Norfolk Southern alone should pay for cleanup of eastern Ohio train derailment, judge says By Josh Funk, Associated Press The decision that was issued Wednesday threw out the railroad's claim that the companies that made the chemicals that spilled during the derailment and those that owned the rail cars involved should share the cost of the cleanup. Continue reading
Mar 07 Federal Reserve regulatory proposal criticized by banks, NAACP will be revised by end of year By Christopher Rugaber, Associated Press The banks argue that the proposal would limit their ability to lend and would exceed what is necessary to match the global rules. Continue reading
Mar 06 China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories By Elaine Kurtenbach, Associated Press Top Chinese financial officials have outlined details of the ruling Communist Party's plans for the year, saying a 5% target for economic growth is within reach after a strong start to the year. Continue reading
Mar 06 OpenAI says Musk agreed the ChatGPT maker should become a for-profit company By Kelvin Chan, Associated Press OpenAI has attacked a lawsuit from Elon Musk, saying he supported making the ChatGPT maker a for-profit company. Musk has sued, accusing the company of betraying its founding goal to benefit humanity as it pursued profits instead. Continue reading
Mar 06 SEC approves rule that requires some companies to publicly report emissions and climate risks By Suman Naishadham, Associated Press The U.S. Securities and Exchange Commission on Wednesday approved a rule that will require some public companies to report their greenhouse gas emissions and climate risks. Continue reading
Mar 06 WATCH: Interest rate cuts likely but more evidence needed that inflation tamed, Powell says By Christopher Rugaber, Associated Press Powell noted that inflation is slowing for both goods and services and did not express concern about the government’s latest inflation data, which showed some pickup in price increases in January. Continue reading
Mar 05 Californians vote on measure Gov. Newsom says he needs to tackle homelessness crisis By Trân Nguyễn, Associated Press Proposition 1 would authorize the state to borrow $6.4 billion to build housing and treatment beds and would also restrict how counties use money from a 2004 tax on millionaires meant to fund mental health services. Continue reading