Nov 17 Average long-term U.S. mortgage rates fall to 6.61 percent By Matt Ott, Associated Press The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months. Continue reading
Nov 17 Starbucks workers strike at more than 100 stores in largest labor action since union campaign By Dee-Ann Durbin, Associated Press Starbucks workers at more than 100 U.S. stores are on strike Thursday in their largest labor action since a campaign to unionize the company’s stores began late last year. Continue reading
Nov 16 Watch 5:12 News Wrap: G20 leaders say Russia’s war in Ukraine is harming global economy In our news wrap Wednesday, the G20 summit ended with President Biden and other leaders condemning the war in Ukraine and blaming the conflict for worsening the global economy, Senate Republicans reelected Mitch McConnell as their leader over Florida Sen. Continue watching
Nov 16 Watch 7:41 Taylor Swift ticket sale problems spark widespread criticism of Ticketmaster By John Yang, Saher Khan, Tess Conciatori Taylor Swift fans hoping to score tickets to her upcoming tour have met a confusing and chaotic system. The problems sparked widespread criticism of Ticketmaster's grip on the market. Diana Moss of the American Antitrust Institute joined John Yang to… Continue watching
Nov 16 House panel to hold hearing on cryptocurrency exchange FTX collapse By Fatima Hussein, Associated Press Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. Continue reading
Nov 16 European Central Bank says a recession ‘has become more likely’ By David McHugh, Associated Press It's looking more like a recession is coming in Europe. That's the takeaway from a financial stability report that the European Central Bank released Wednesday. Continue reading
Nov 16 Rising food costs eating up Thanksgiving dinner funds By Dee-Ann Durbin, Associated Press Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. Continue reading
Nov 15 Watch 8:03 Deadly explosion reported in Poland as Russia unleashed missile barrage on Ukraine The U.S. and western allies said they’re looking into reports of an explosion in NATO-member Poland. It happened as Russia conducted missile strikes across Ukraine. Local Polish media reported the explosion at a grain facility in an eastern village about… Continue watching
Nov 15 Watch 6:42 Collapse of FTX raises questions about cryptocurrency’s viability The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged… Continue watching
Nov 15 Walmart offers to pay $3.1 billion to settle opioid epidemic lawsuits By Geoff Mulvihill, Associated Press Walmart has agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of the prescriptions its pharmacies filled for powerful prescription opioid painkillers. Continue reading