Nov 04 Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace By Christopher Rugaber, Associated Press America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Continue reading
Nov 04 Twitter employees brace for layoffs as new owner Elon Musk overhauls platform By Associated Press Employees are bracing for widespread layoffs at Twitter as new owner Elon Musk overhauls the social platform. Continue reading
Nov 03 Judge says he’ll appoint an independent monitor for Trump’s company By Michael R. Sisak, Associated Press A Manhattan judge said Thursday he will appoint an independent monitor for former President Donald Trump's real estate empire, restricting his company's ability to freely make deals, sell assets and change its corporate structure. Continue reading
Nov 02 CBS, Leslie Moonves must pay $30.5 million for insider trading, concealing sexual assault allegations By Bobby Caina Calvan, Stefanie Dazio, Associated Press The broadcast giant is required to pay $22 million to shareholders and another $6 million for sexual harassment and assault programs. Continue reading
Nov 02 Watch 7:33 News Wrap: Cameras at Pelosi home not monitored during attack because speaker wasn’t there In our news wrap Wednesday, U.S. Capitol Police said it was not watching cameras monitoring the Pelosi home when an attacker broke in because the speaker herself was not there, Benjamin Netanyahu remains headed for a decisive win in Israel's… Continue watching
Nov 02 Watch 7:17 How interest rate hikes impact bonds and stock prices By Paul Solman, Diane Lincoln Estes With the sixth interest hike this year, it's been decades since the Federal Reserve has acted this aggressively to slow inflation. Markets reacted strongly to Fed Chair Jay Powell saying rates will be higher than previously expected. Swings tied to… Continue watching
Nov 02 Germany to force plastic makers to help pay for cleanups By Associated Press The Cabinet on Wednesday agreed on a bill that makers of products containing single-use plastic will need to pay into a central fund managed by the government starting in 2025. Continue reading
Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon By Christopher Rugaber, Associated Press It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession. Continue reading
Nov 02 Analysis: Why any party in power can’t do much about inflation By William Chittenden, The Conversation Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it. Continue reading
Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes. Continue reading