Jan 16 War, climate among high priority topics at Davos meeting By Jamey Keaten, Associated Press The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos. Leaders are seeking to bridge political divisions in a divided world, buttress a hobbling economy and address concerns about a… Continue reading
Jan 15 Watch 5:00 What you need to know about interest-free payment plans By John Yang, Claire Mufson As prices remain high from inflation, the concept of "buy now, pay later" is gaining popularity among consumers. Companies like Affirm, Afterpay and Klarna allow customers to take an item home right away and pay for it over time in… Continue watching
Jan 14 Watch 4:54 Why manufacturers are hiking COVID vaccine prices By John Yang, Sarah Clune Hartman Since COVID vaccines first became available in the U.S., the federal government has been buying them from manufacturers and distributing them for free. But soon, the manufacturers will be distributing them at higher prices. Jen Kates, senior vice president and… Continue watching
Jan 13 Justice Department finalizes tighter regulations on gun stabilizing braces By Lindsay Whitehurst, Associated Press The Justice Department is finalizing tighter regulations on guns with accessories known as stabilizing braces, a gun-control action touted by President Joe Biden after the devices were used in mass shootings. Continue reading
Jan 13 Watch 4:10 News Wrap: Treasury Secretary says U.S. will hit debt limit next week In our news wrap Friday, Treasury Secretary Janet Yellen warned Congress that the federal government will hit its debt limit next Thursday, Russia’s defense ministry issued a new claim that a small town in eastern Ukraine has fallen after weeks… Continue watching
Jan 13 DHS announces policy that protects migrant workers in labor investigations By Rebecca Santana, Associated Press The Homeland Security Department is announcing measures for migrant workers who witness or are victims of workplace labor violations. The new steps help them apply for protection from deportation. Continue reading
Jan 13 U.S. expected to hit debt limit Thursday, Yellen tells Congress By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. Continue reading
Jan 12 Watch 4:47 Rising prices push many Americans further into credit card debt By Geoff Bennett, Dorothy Hastings Inflation rates fell for the sixth consecutive month, but Americans are still feeling the pinch from higher than usual prices. Many have been forced to pull out their credit cards, even while interest rates on those cards are soaring. Michelle… Continue watching
Jan 12 Inflation eases across U.S., may need less action from Fed to control it By Christopher Rugaber, Associated Press Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Continue reading
Jan 12 Bank to pay $31M for avoiding mortgages to minorities, largest such settlement in U.S. history By Ken Sweet, Associated Press The Justice Department accused Los Angeles-based City National Bank on Thursday of discriminating against Black and Latino residents, requiring the bank to pay more than $31 million in what is the largest redlining settlement in history. Continue reading