Jan 10 World Bank warns of looming global recession By Christopher Rugaber, Associated Press The World Bank warns the global economy will come "perilously close" to a recession this year, led by weaker growth in the world's top economies — the United States, Europe and China. Continue reading
Jan 10 Trump Organization executive Allen Weisselberg sentenced to 5 months in jail By Michael R. Sisak, Associated Press Former Trump Organization chief financial officer Allen Weisselberg has been sentenced to five months in jail for dodging taxes. The longtime executive for Donald Trump's family company has also paid $2 million in taxes, penalties and interest. Continue reading
Jan 10 French Prime Minister Borne unveils plan to raise retirement age from 62 to 64 by 2030 By Sylvie Corbet, Associated Press French Prime Minister Elisabeth Borne has unveiled a contentious pension overhaul aimed at raising the retirement age from 62 to 64 by 2030 that has prompted vigorous criticism and calls for protests from leftist opponents and worker unions. Continue reading
Jan 10 Mega Millions rises to $1.1B, 5th largest in U.S. history By Associated Press After nearly three months of lottery losing, the odds of winning the top lottery prize don't change, and they're formidable at 1 in 302.6 million. Continue reading
Jan 09 UK government ministers meets with unions but fails to end wave of strikes By Jill Lawless, Associated Press British government ministers have met trade union leaders but have fallen short of ending a wave of strikes that has hobbled the U.K.'s rail network and overburdened health system. Continue reading
Jan 06 Watch 5:24 Hiring slows in December as worker shortage still presents challenges By Paul Solman, Ryan Connelly Holmes Friday's jobs report signaled good news for those who are worried about a recession and inflation. It also capped a very strong year for the jobs market overall with more than 4.5 million new jobs created in 2022. That's the… Continue watching
Jan 06 Amid unrelenting drought, Biden signs water bills benefiting 3 tribes in Arizona By Felicia Fonseca, Associated Press President Joe Biden has approved three bills that will improve access to water for three tribes in Arizona amid an unrelenting drought. Continue reading
Jan 06 European inflation slows but cost of living remains high By Kelvin Chan, Associated Press Europe ended a bad year for inflation with some relief as price gains eased again. While the cost of living is still painfully high, the slowdown is a sign that the worst might be over for weary consumers. Continue reading
Jan 06 December unemployment falls slightly to 3.5 percent, tied for a 50-year low By Christopher Rugaber, Associated Press America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring. Continue reading
Jan 05 Watch 4:53 Federal Trade Commission proposes ban on noncompete clauses The Federal Trade Commission proposed banning noncompete clauses that prevent workers from switching employers or starting a new business. About one in five Americans, approximately 30 million people, are affected by these policies. The FTC will accept public comments for… Continue watching