Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 21 FTX founder extradited to U.S. to face charges By Ken Sweet, Associated Press Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX. Continue reading
Dec 20 Elon Musk tweets he’ll resign as Twitter CEO when he finds a replacement By Associated Press Since taking over San Francisco-based Twitter in late October, Musk’s run as CEO has been marked by quickly issued rules and policies that have often been withdrawn or changed soon after being made public. Continue reading
Dec 20 Watch 5:21 News Wrap: Zelenskyy expected to visit DC on Wednesday In our news wrap Tuesday, Ukraine's President Volodymyr Zelenskyy is expected to make his first overseas visit since the war began to meet with President Biden and address Congress on Wednesday, the Taliban in Afghanistan banned women from public and… Continue watching
Dec 20 As tech advances, converting classic cars to electric grows in popularity By Thomas Peipert, Associated Press A small but expanding group of tinkerers, racers, engineers and entrepreneurs across the country are converting vintage cars and trucks into greener electric vehicles, in part due to recent advances in battery technology. Continue reading
Dec 19 EU countries reach compromise on natural gas price cap By Samuel Petrequin, Associated Press European Union ministers have finalized a long-awaited deal to implement a natural gas price cap that they hope helps households and businesses better weather price surges. Continue reading
Dec 18 Watch 5:47 As Congress debates a child tax credit expansion, families struggle to get by By Laura Barrón-López, Kyle Midura, Ian Couzens Lawmakers and staffers are working through the weekend on Capitol Hill as they close out the Congressional term. Democrats are hoping the last-minute dealmaking will give them a final chance to secure an elusive policy goal: expanding the child tax… Continue watching
Dec 18 Twitter bans linking to Facebook, Instagram, other rival platforms By Matt O'Brien, Brian P. D. Hannon, Associated Press Twitter users will no longer be able to link to certain rival social media websites, including what the company described Sunday as “prohibited platforms” Facebook, Instagram and Mastodon. Continue reading
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