Dec 17 Analysis: Crypto companies’ ties to sports raise ethical questions By Eddie Pells, Associated Press The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka and others played in lending legitimacy to the largely unregulated landscape of crypto. Continue reading
Dec 17 Watch 5:13 The effects of FTX’s collapse on the cryptocurrency industry After reaching a peak market value of $3 trillion in 2021, cryptocurrencies have spent the better part of 2022 in a tailspin fueled by scandal, financial losses and a public perception crisis. This past week, crypto firm FTX’s founder Sam… Continue watching
Dec 16 Watch 7:55 News Wrap: Biden signs short-term spending bill to avoid government shutdown In our news wrap Friday, President Biden signed a short-term spending bill to avoid a government shutdown by keeping federal agencies open through next week, basketball star Brittney Griner left a medical center in Texas after recovering from her time… Continue watching
Dec 16 Watch 6:04 Twitter faces criticism after suspending accounts of journalists covering CEO Elon Musk By Amna Nawaz, Dorothy Hastings Twitter is facing intense criticism after a series of moves by billionaire owner Elon Musk. Twitter suspended the accounts of at least eight journalists that had recently posted about Musk or his policy changes on content moderation. Some posted links… Continue watching
Dec 16 Wall Street loses ground amid recession talks, marking 2nd straight weekly loss By Damian J. Troise, Alex Veiga, Associated Press Stocks ended lower on Wall Street as worries grow that the Federal Reserve and other central banks are willing to bring on a recession if that's what it takes to get inflation under control. Continue reading
Dec 16 Ukraine businesses to receive $2 billion in international loans By Fatima Hussein, Associated Press Private businesses in Ukraine are in line to receive $2 billion in financing arranged by the International Finance Corp. to help rebuild the country's agriculture and fuel import industries and other ventures, which have faced extensive losses because of the… Continue reading
Dec 16 Starbucks workers plan to strike for 3 days at 100 stores across country By Dee-Ann Durbin, Associated Press Starbucks workers around the U.S. are planning a three-day strike starting Friday. Continue reading
Dec 16 Gas prices have dropped but still strain some drivers By Cathy Bussewitz, David McHugh, Associated Press Drivers now hope the situation doesn’t get worse after a series of cutbacks tied to Russia’s war in Ukraine, accidents and the slowing global economy have strained the world’s oil supply. Continue reading
Dec 14 Watch 6:58 News Wrap: New government in Peru suspends basic rights to quell protests By PBS NewsHour In our news wrap Wednesday, the new government in Peru declared a state of emergency and suspended basic rights to quell violent protests, a storm system reached the upper Midwest and the Deep South where tornadoes killed a woman and… Continue watching
Dec 14 Watch 5:39 After raising interest rates again, Federal Reserve warns more hikes likely in 2023 By Geoff Bennett, Dorothy Hastings After announcing another half-point interest rate hike, Federal Reserve Chair Jay Powell indicated more hikes are on the way in 2023. This comes as inflation shows signs of slowing gradually, but there are again concerns the Fed is not going… Continue watching