Economy

Filter

News Wrap: 54 dead as heavy rain devastates coastal areas in Brazil

By PBS NewsHour

In our news wrap Friday, the death toll from heavy rain in Brazil that devastated coastal areas has risen to 54, parts of California saw blizzard and flood warnings as a storm intensified across the western U.S., the Federal Reserve’s…

Continue watching

Wall Street closes out on its worst week of the year

By Stan Choe, Associated Press

Stocks have dropped through February as reports on inflation, the job market and spending by shoppers have come in hotter than expected.

Federal Reserve rate hikes likely to cause a recession, research says

By Christopher Rugaber, Associated Press

Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession? Not according to a new research paper.

Tensions around Ukraine invasion flare at G-20 finance meetings in India

By Sibi Arasu, Associated Press

Geopolitics affected the atmosphere, if not the agenda at the meeting of financial leaders of the Group of 20 leading economies in the technology hub of Bengaluru.

Inflation gauge ticks up in January, Federal Reserve says

By Paul Wiseman, Associated Press

The report also showed that consumer spending rose 1.8% last month from December after falling the previous month.

U.S. to end extra help for groceries that started during COVID

By JoNel Aleccia, Associated Press

Nearly 30 million Americans who got extra government help with grocery bills during the pandemic will soon see that aid shrink. An analysis shows for the average recipient, the change will mean about $90 less per month in food stamps.

News Wrap: Nearly 75 million Americans under winter weather alerts

By PBS NewsHour

In our news wrap Thursday, an unprecedented winter storm has put some 75 million Americans under winter weather alerts, the United Nations General Assembly passed a nonbinding resolution calling for Russia to withdraw from Ukraine, fresh violence erupted along the…

Continue watching

Harvey Weinstein gets another 16 years in prison for rape, sexual assault

By Andrew Dalton, Associated Press

A Los Angeles judge on Thursday sentenced Harvey Weinstein to 16 years in prison after a jury convicted him of the 2013 rape and sexual assault of an Italian actor and model.

Here’s how much aid the U.S. has sent to Ukraine

By Jonathan Masters, Will Merrow, Council on Foreign Relations

The historic sums are helping a broad set of Ukrainian people and institutions, including refugees, law enforcement, and independent radio broadcasters, though most of the aid has been military-related.

Toxic wastewater used to extinguish fire from Ohio train derailment headed to Texas

By Associated Press

The wastewater is being sent to Texas Molecular, which injects hazardous waste into the ground for disposal. The company told television station KHOU that it's experienced in disposing of hazardous material.