Mar 24 France bans TikTok, Twitter from government staff phones amid security concerns By Associated Press The move Friday follows similar restrictions on TikTok in democratic countries amid fears about the popular video-sharing app's Chinese connections. Continue reading
Mar 24 Shares of Germany's largest lender Deutsche Bank fall amid global jitters over banks By David McHugh, Associated Press Shares in Deutsche Bank, Germany's largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market. Continue reading
Mar 23 1 million march in France, unions call for more pension protests during King Charles III visit By Sylvie Corbet, Alex Turnbull, Associated Press The announcement follows record turnout in Thursday's protest march in Paris against President Emmanuel Macron's unpopular bill to increase the retirement age from 62 to 64. Continue reading
Mar 23 Ford's electric vehicle unit losing billions, as company invests in new technology By Tom Krisher, Associated Press Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford. Continue reading
Mar 23 WATCH: TikTok CEO grilled by skeptical lawmakers on safety, content By Kelvin Chan, Haleluya Hadero, Farnoush Amiri, Associated Press U.S. lawmakers grilled the CEO of TikTok over data security and harmful content Thursday, responding skeptically during a tense committee hearing to his assurances that the hugely popular video-sharing app prioritizes user safety and should not be banned. Continue reading
Mar 22 Watch 8:03 Fed raises interest rates again in wake of bank failures By Amna Nawaz, Shoshana Dubnow, Dorothy Hastings The Federal Reserve raised interest rates again against the backdrop of troubles in the banking industry. The hikes are being blamed by some for weakening banks, but Fed policymakers stuck to their stance that higher rates are essential to bringing… Continue watching
Mar 22 Americans' faith in banks hit low after failures, says AP-NORC poll By Paul Wiseman, Hannah Fingerhut, Associated Press Only 10 percent of U.S. adults say they have significant confidence in the nation's banks and financial institutions, a new poll finds. That is down from the 22 percent who said they had high confidence in banks in 2020. Continue reading
Mar 22 WATCH: Federal Reserve Chair Powell gives update after raising interest rate amid banking turmoil By Christopher Rugaber, Associated Press The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high inflation, just as it meets to decide whether to keep raising interest rates or declare a pause. Continue reading
Mar 22 WATCH: Yellen testifies on budget in Senate hearing amid questions about banking system By Stan Choe, Associated Press Stocks fell sharply after the Federal Reserve said it doesn’t expect to cut rates anytime soon despite Wall Street’s hopes. Continue reading
Mar 22 LISTEN: Supreme Court hears arguments in Jack Daniel's look-alike dog toy case By Jessica Gresko, Associated Press The Supreme Court is hearing a spirited dispute Wednesday between whiskey maker Jack Daniel’s and the manufacturer of a squeaking dog toy that parodies the liquor's bottle and label. Continue reading