Aug 09 Unprecedented levels of damage from storms this year is upending U.S. towns, insurance industry By Michelle Chapman, Associated Press Waves of thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage as climate change contributes to the frequency and severity of violent meteorological events. Continue reading
Aug 09 Millions struggle to pay AC bills amid increasing heat waves. Federal aid reaches only a fraction By Jesse Bedayn, Associated Press While President Joe Biden has invested billions into federal programs that subsidize the poorest Americans' energy costs, the help reaches only a fraction of the most vulnerable during the sweltering summer months. Continue reading
Aug 09 Special counsel obtained search warrant for Twitter to turn over info on Trump's account, documents say By Alanna Durkin Richer, Associated Press The details were included in a decision from the federal appeals court in Washington rejecting Twitter's claim that it should not have been held in contempt or sanctioned. Continue reading
Aug 08 New Zealand is partnering with BlackRock in aim to reach 100 percent renewable electricity By Nick Perry, Associated Press The government said it was helping BlackRock launch a $1.2 billion fund to ramp up investments in wind and solar generation, as well as battery storage. Continue reading
Aug 08 Supreme Court reinstates regulation of ghost guns By Mark Sherman, Associated Press The court Tuesday voted 5-4 to put on hold a ruling from a federal judge in Texas that invalidated the Biden administration's regulation of ghost gun kits. Continue reading
Aug 08 U.S. inflation on the downhill, but the Fed has long way to go to hit target rate By Christopher Rugaber, Associated Press The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it manages to slow inflation down to its target level through higher interest rates without derailing the economy. Continue reading
Aug 07 Simon & Schuster purchased by private equity firm KKR for $1.62 billion By Associated Press The private equity giant will buy Simon & Schuster for $1.62 billion in cash, said Paramount Global, the parent company of the storied book publisher. Continue reading
Aug 05 Wildfires, heat waves deliver blow to southern Europe's vital tourism industry By Michael Varaklas, Kelvin Chan, Associated Press Mediterranean destinations like Greece, Italy and Spain that have been hit by heat waves and wildfires are now weighing how the crisis will affect the tourism sector fueling much of their economies. Continue reading
Aug 04 Watch 4:20 Jobs report falls short of expectations but signals recession might be avoided By Geoff Bennett, Courtney Norris The U.S. economy added 187,000 jobs in July, slightly fewer than expected but still a sign of a resilient job market. The report also shows the unemployment rate dipped to 3.5 percent. This comes after several encouraging reports in the… Continue watching
Aug 04 Watch 4:41 News Wrap: Trump enters plea on additional charges in classified documents case In our news wrap Friday, former President Trump entered another not-guilty plea, this time to a revised indictment in the classified documents case, a court in Russia sentenced opposition leader Alexei Navalny to 19 more years in prison and the… Continue watching