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
Jan 05 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. Continue reading
Jan 05 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. Continue reading
Jan 05 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. Continue reading
Jan 04 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. Continue reading
Jan 04 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. Continue reading
Jan 04 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. Continue reading
Jan 04 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. Continue reading
Jan 03 Watch 5:02 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… Continue watching