Dec 12 Sam Bankman-Fried, former FTX CEO, arrested in the Bahamas By Associated Press Bankman-Fried's arrest comes just a day before he was due to testify in front of the House Financial Services Committee, along with the company’s current CEO. Continue reading
Dec 12 Watch 7:49 Increasing number of people in United Kingdom go hungry because of price spikes By Malcolm Brabant A winter of discontent is coming for the United Kingdom. Monday, the first in what will be weeks of nationwide strikes across professions began in protest of the skyrocketing living costs. Now, a bleak winter forces many to decide whether… Continue watching
Dec 12 European nations shift focus on weathering a potential energy shortage next year By Courtney Bonnell, Associated Press Russia cut most natural gas to Europe amid the war in Ukraine, but EU countries largely have been able to fill gas storage for the heating season by tapping new supplies, saving energy and benefiting from mild weather. Continue reading
Dec 12 After year of interest rate hikes, Wall Street ticks higher ahead of next Fed meeting By Stan Choe, Associated Press Wall Street is ticking higher at the start of a busy week where central banks are likely to unload the year’s final barrage of hikes to interest rates. Continue reading
Dec 10 Watch 7:58 How inflation is changing the way some Americans celebrate the holidays By Stephanie Sy, Lorna Baldwin, Andrew Corkery The holiday season is in full swing, and many Americans whose paychecks haven't kept pace with inflation are finding themselves strapped for cash to pay for entertainment, travel or shopping. As Stephanie Sy reports, the increase in prices is altering… Continue watching
Dec 10 The fight to reduce food waste is getting a boost from science By Dee-Ann Durbin, Associated Press Restaurants, grocers, farmers and food companies are increasingly turning to chemistry and physics to tackle the problem of food waste. Continue reading
Dec 08 Amid explosion of illegal marijuana production, Oregon looks to toughening laws By Andrew Selsky, Associated Press In 2014, Oregon voters approved a ballot measure legalizing recreational marijuana after being told it would eliminate problems caused by "uncontrolled manufacture" of the drug. Continue reading
Dec 08 Watch 8:14 How suburban zoning rules are stifling development and causing rents to spike By Paul Solman, Sam Weber The cost of housing has risen dramatically over the last several years, helping drive levels of inflation not seen in decades. One key factor is that in many places, building has not kept up with demand. The suburban counties of… Continue watching
Dec 08 WATCH: Biden announces release of nearly $36 billion to aid pensions of union workers By David A. Lieb, Seung Min Kim, Associated Press The federal aid is intended to stop severe cuts to the retirement incomes of more than 350,000 Teamsters workers and retirees. The Biden administration says it's the largest-ever federal payment to a union pension fund. Continue reading
Dec 08 FTC challenges Facebook parent Meta’s acquisition of VR company By Barbara Ortutay, Associated Press Federal regulators opened their campaign to block Facebook parent Meta's acquisition of a virtual-reality company in a San Jose, California, courtroom. Continue reading