Mar 09 Ex-Goldman Sachs banker sentenced to 10 years in prison in 1MDB fraud By Bobby Caina Calvan, Associated Press Roger Ng was convicted last April by a U.S. District Court jury in Brooklyn. He was sentenced on Thursday. He continues to deny charges that he conspired with two other people to launder money and violate two anti-bribery laws. Continue reading
Mar 09 Applications for U.S. jobless aid rise by the most in 5 months, layoffs stay historically low By Matt Ott, Associated Press The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve's interest rate hikes. Continue reading
Mar 09 General Motors offers buyouts to most U.S. salaried workers to trim costs By Tom Krishner, Associated Press General Motors' salaried workforce will be offered buyouts in an effort to trim costs as it makes the transition to electric vehicles. Continue reading
Mar 08 California to end $54 million Walgreens contract after abortion pill dispute By Adam Beam, Associated Press California Gov. Gavin Newsom on Wednesday withdrew a $54 million contract with Walgreens after the pharmacy giant indicated it would not sell an abortion pill by mail in some conservative-led states. Continue reading
Mar 08 DeSantis' new Disney World governing board hints at future controversial actions By Mike Schneider, Associated Press Board members on Wednesday faced calls for better firefighter equipment, lessons on public records requests and bond ratings. But the five board members appointed by DeSantis on Wednesday hinted at future controversial actions they may take. Continue reading
Mar 08 Tucker Carlson's scorn for Trump revealed in defamation lawsuit filings By David Bauder, Nicholas Riccardi, Associated Press The defamation lawsuit against Fox News by a voting machine company is revealing some bluntly negative behind-the-scenes Fox attitudes toward Donald Trump. Continue reading
Mar 08 Watch 4:06 News Wrap: Russian mercenaries claim control of Bakhmut in eastern Ukraine In our news wrap Wednesday, Russian mercenaries claimed they have gained control of Bakhmut in eastern Ukraine, President Biden will propose slowing the growth of federal deficits by $3 trillion, worker strikes in France paralyzed parts of the country, tens… Continue watching
Mar 08 Powell says 'no decision' on the Federal Reserve's next move on interest rates By Christopher Rugaber, Associated Press Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation. Continue reading
Mar 08 Xi accuses U.S. of attempting to block China's development By Joe McDonald, Associated Press Is the United States out to sabotage China? Chinese leaders think so. President Xi Jinping accused Washington this week of trying to isolate his country and hold back its development. Continue reading
Mar 07 Watch 5:02 News Wrap: Fed indicates robust economy, inflation could drive more rate hikes In our news wrap Tuesday, Federal Reserve chair Jerome Powell said high inflation and a robust economy may mean more interest rate hikes, Mexican officials confirmed two kidnapped Americans have been found dead, President Biden proposed raising taxes on those… Continue watching