Economy

Filter

Despite widespread user protest, Reddit CEO says company is ‘not negotiating’ on 3rd-party app charges

By Wyatte Grantham-Philips, Associated Press

After outrage erupted over plans to charge some third-party apps for data access, thousands of communities within the online discussion network went dark this week, and many organizers say their protest is not over.

Bud Light, America’s top beer for decades, falls to second following LGBTQ+ marketing backlash

By Dee-Ann Durbin, Associated Press

Mexican lager Modelo Especial overtook Bud Light in U.S. retail dollar sales in the month ending June 3, according to Bump Williams Consulting.

Michigan bans hairstyle discrimination in workplaces and schools

By Joey Cappelletti, Associated Press

The new law will amend the state's Elliott-Larsen Civil Rights Act, the third time Democrats have done so this year after further protecting the LGBTQ community and workers who receive abortions.

UN chief says fossil fuels are ‘incompatible with human survival,’ calls for credible exit strategy

By Frank Jordans, Associated Press

Secretary-General Antonio Guterres also dismissed suggestions by some oil executives that fossil fuel firms can keep up production if they find a way to capture carbon emissions.

Chinese hackers breached hundreds of public, private networks, security firm says

By Frank Bajak, Associated Press

Word of the breach came as U.S. Secretary of State Antony Blinken departs for China this weekend as part of the Biden administration’s push to repair deteriorating ties between Washington and Beijing.

Theranos founder objects to $250 monthly restitution sought by U.S.

By Wyatte Grantham-Philips, Associated Press

Federal prosecutors argue that Holmes should be required to pay at least $250 each month — or 10 percent of her earnings, whichever is greater — in criminal monetary penalties upon supervised released. But Holmes' lawyers pushed back on the…

How billions in COVID-19 pandemic relief aid was stolen or wasted

By Richard Lardner, Jennifer McDermott, Aaron Kessler, Associated Press

Fraudsters used Social Security numbers of dead people to get unemployment checks. Cheaters collected benefits in multiple states. And federal loan applicants weren't cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers.

Republican-controlled House approves bills to protect gas stoves amid air quality concerns

By Matthew Daly, Associated Press

Bills approved this week would prohibit use of federal money to regulate gas stoves as a hazardous product and block an Energy Department rule setting stricter energy efficiency standards for stovetops and ovens.