Dec 02 Watch 6:12 Tech industry hit with massive layoffs as other employers add jobs By Paul Solman, Ryan Connelly Holmes The latest jobs report is further confirmation of a labor market that may be slowing down but has proven more resilient than many have expected. Many sectors are continuing to add jobs, but that's not true in the tech sector,… Continue watching
Dec 02 Watch 12:31 Brooks and Capehart on the Democrats’ plan to shake up the presidential primary calendar New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Judy Woodruff to discuss the week in politics, including the Democrats' plan to shakeup the road to the White House, President Biden and Congress halt a… Continue watching
Dec 02 Musk confirms Twitter has suspended rapper Ye after swastika post By Associated Press Ye, formerly known as Kanye West, has made a series of antisemitic comments in recent weeks. On Thursday, Ye praised Hitler in an interview with conspiracy theorist Alex Jones. Continue reading
Dec 01 Senate votes to avert freight rail strike amid economic concern By Kevin Freking, Josh Funk, Associated Press Legislation to avert a freight rail strike in the United States is headed to President Joe Biden's desk. A bill to avoid the strike won final approval Thursday, clearing the Senate in a bipartisan vote. Continue reading
Dec 01 WATCH: Commodity Futures Trading Commission chairman ask Congress to ‘move quickly’ on crypto bill By Associated Press The U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam urged Congress"to move quickly" to put in place "guardrails" for digital assets following the collapse of cryptocurrency exchange FTX. Continue reading
Dec 01 Biden administration urges Senate to act amid looming rail worker strike By Josh Funk, Kevin Freking, Associated Press The Biden administration is saying the U.S. economy would face a severe economic shock if senators don't pass legislation this week to avert a freight rail worker strike. Continue reading
Dec 01 Average long-term U.S. mortgage rates fall for a third week in a row By Matt Ott, Associated Press The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Continue reading
Dec 01 Applications for jobless benefits fall, suggests labor market unaffected by interest rate hikes By Matt Ott, Associated Press The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes. Continue reading
Dec 01 Former FTX CEO Bankman-Fried says he didn’t ‘knowingly’ misuse customers’ funds By Ken Sweet, Associated Press The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly" misuse customers' funds. Continue reading
Nov 30 Watch 7:37 Some economists concerned aggressive interest rate hikes do more harm than good By William Brangham The Federal Reserve has raised interest rates six times this year and Fed Chair Jay Powell suggested that a seventh hike, albeit a smaller one, is on the way next month. But some Democrats and economists worry the Fed hit… Continue watching