May 07 Yellen warns of economic ‘calamity’ if Congress doesn’t raise debt limit By Zeke Miller, Associated Press Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation's borrowing limit of $31.381 trillion in the coming weeks. Continue reading
May 05 Watch 6:15 Jobs report shows strong employment growth but many still choosing gig economy By Paul Solman, Ryan Connelly Holmes The U.S. labor market is again showing signs of resilience and unexpected strength amid other economic clouds. The latest report found job growth higher than expected in April with 253,000 new jobs spread throughout many sectors of the economy. Paul… Continue watching
May 05 TurboTax customers to receive restitution checks for $141M settlement By Wyatte Grantham-Philips, Associated Press Those impacted were low-income consumers eligible for free, federally-supported tax services — but paid TurboTax to file their federal returns across the 2016, 2017 and 2018 tax years due to “predatory and deceptive marketing.”… Continue reading
May 05 $1.2 billion of unsold Yeezy shoes stuck in limbo after Adidas split with Ye By David McHugh, Associated Press Adidas still hasn't figured out what to do with $1.3 billion worth of high-end Yeezy sneakers after splitting with the rapper formerly known as Kanye West. Continue reading
May 05 U.S. adds over a quarter million jobs despite Fed’s rate hikes By Paul Wiseman, Associated Press America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. Continue reading
May 04 Porn industry group sues over Utah age verification law By Sam Metz, Associated Press An adult entertainment industry group has filed a lawsuit challenging a new Utah law that requires porn websites to implement age verification mechanisms to block minors from accessing sexually explicit materials. Continue reading
May 04 Jury finds Ed Sheeran didn’t steal from Marvin Gaye classic By Larry Neumeister, Associated Press The verdict Thursday came after a two-week trial that featured a courtroom performance by Sheeran. The singer insisted that the copyright claim was a threat to all musicians who write their own songs. Continue reading
May 04 WATCH: White House holds news briefing as administration turns attention to AI risks By Josh Boak, Associated Press The popularity of AI chatbot ChatGPT — even Biden has given it a try, White House officials said Thursday — has sparked a surge of commercial investment in AI tools that can write convincingly human-like text and churn out new… Continue reading
May 03 White House economists warns of recession as debt ceiling fight drags on By Zeke Miller, Josh Boak, Associated Press In a new report, they detail potential job losses and stunted economic growth if lawmakers engage in "brinkmanship" before ultimately reaching a deal to meet the government's financial obligations. Continue reading
May 03 Utah law requiring porn websites to verify user ages takes effect By Sam Metz, Associated Press A Utah law requiring adult websites verify the ages of their users has taken effect. Pornhub vowed to disable access to its website until the law is changed. Continue reading