May 02 Opponents make last-ditch effort to stop French pension change as protests continue By Sylvie Corbet, Associated Press Opponents of a law that would raise the retirement age in France from 62 to 64 are making last-ditch plans to prevent the change. The country's main labor unions on Tuesday called for another round of nationwide demonstrations and strikes… Continue reading
May 02 U.S. job openings dip to 9.6 million as interest rates cool labor market By Paul Wiseman, Associated Press U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. Continue reading
May 01 Watch 5:38 Economic concerns grow as First Republic Bank becomes 3rd major bank to fail this year By Amna Nawaz, Dorothy Hastings The third major bank failure of the year has shaken the U.S. banking system. Federal regulators announced Monday that they seized First Republic Bank and accepted JPMorgan Chase's bid to buy the failed bank’s deposits and most of its assets. Continue watching
May 01 AP report: Biden calls on congressional leaders to meet on May 9 as debt ceiling fight continues By Josh Boak, Lisa Mascaro, Associated Press President Joe Biden has phoned all four Congressional leaders and invited them to a May 9 meeting at the White House — a sign of the rising pressure to raise the debt cap as the Treasury Department is warning of… Continue reading
May 01 Treasury Secretary Yellen says U.S. could hit debt ceiling as soon as June 1 By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then. Continue reading
May 01 Why Hollywood writers might go on strike, and what it means for your favorite shows By Andrew Dalton, Associated Press It would be the first writers’ strike — and the first Hollywood strike of any kind — in 15 years. Continue reading
May 01 WATCH: Biden takes jab at McCarthy over debt plan during remarks for National Small Business Week By News Desk In his White House speech celebrating small businesses, Biden portrayed the House Republicans' plan as an attempt to extort spending cuts from the administration by putting the federal government at risk of default. Continue reading
May 01 First Republic Bank seized, sold to JPMorgan Chase in 2nd-biggest failure in U.S. history By Ken Sweet, Associated Press Regulators have seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. First Republic on Monday becomes the… Continue reading
Apr 28 Canada makes new contract offer to thousands of striking public workers By Associated Press Canada's government has made a new contract offer to the country's biggest public workers union as thousands of federal employees remained on strike Friday for a 10th day. Continue reading
Apr 28 Watch 6:08 Fed blames mismanagement and oversight failures for Silicon Valley Bank collapse By William Brangham, Dorothy Hastings The Federal Reserve issued a stinging report on the historic collapse of Silicon Valley Bank. The analysis notes that while the collapse was a “textbook case of mismanagement” by bank officers, the Fed said its regulators missed clear danger signs… Continue watching