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Biden signs bill aiming to ease costs for prison calls

By Colleen Long, Associated Press

Biden has signed into law a bill aimed at easing the cost for prisoners to call family and friends. The legislation clarifies that the Federal Communications Commission can set limits for fees on audio and video calls inside corrections facilities.

U.S. jobless claim applications fall to lowest in 14 weeks

By Matt Ott, Associated Press

The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation.

As CES opens, startups face cautious investors amid economic uncertainty

By Haleluya Hadero, Associated Press

More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors.

Officials cited strong hiring to justify raising interest rates, Fed minutes reveal

By Christopher Rugaber, Associated Press

Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast.

Cryptocurrency trading platform Coinbase to pay $100 million in settlement with New York regulators

By Associated Press

New York has announced a $100 million settlement with Coinbase over what state officials called significant failures in the cryptocurrency trading platform's systems for spotting potential criminal activity.

Elon Musk says Twitter will ease ban on political advertising

By Associated Press

Twitter says it will ease up on its 3-year-old ban on political advertising, the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year.

U.S. job openings remained high in sign of economic resilience

By Christopher Rugaber, Associated Press

U.S. job openings slipped in November but remained at high suggesting businesses are still determined to add workers, a blow to the Federal Reserve's efforts to cool hiring and wage gains.

News Wrap: Sam Bankman-Fried pleads not guilty to fraud charges related to FTX collapse

In our news wrap Tuesday, FTX crypto exchange founder Sam Bankman-Fried pleaded not guilty to cheating investors and looting deposits, political fallout in Russia continued following a Ukrainian missile strike on Saturday that killed scores of Russian troops and Beijing…

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Founder of cryptocurrency exchange FTX pleads not guilty to fraud

By Larry Neumeister, Associated Press

FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.