Dec 26 Tax credits for electric vehicles are coming. How will they work? By Hope Yen, Tom Krisher, Associated Press Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. Continue reading
Dec 23 Watch 3:32 News Wrap: House passes $1.7 trillion spending bill avoiding government shutdown In our news wrap Friday, the House of Representatives passed the $1.7 trillion spending bill avoiding a government shutdown, Ukrainian President Volodymyr Zelenskyy is back home in Kyiv after a trip to Washington that helped secure a new $1.8 billion… Continue watching
Dec 23 Stocks unsteady on Wall Street amid mixed economy data By Damian J. Troise, Associated Press Stocks are wavering on Wall Street and headed for weekly losses as investors reviewed mixed news on the economy. Continue reading
Dec 23 Commerce Department inflation gauge shows price increases slowing to 5.5 percent By Paul Wiseman, Associated Press A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Continue reading
Dec 22 Watch 3:54 News Wrap: FTX founder charged with fraud released on $250 million bond In our news wrap Thursday, Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was released on $250 million bond as he awaits trial on charges of fraud and money laundering, the U.S. economy is showing more signs of strength despite… Continue watching
Dec 22 Watch 6:36 Small retailers find ways to adapt amid pandemic and online shopping convenience By Paul Solman, Mary Fecteau, Maea Lenei Buhre The COVID-19 pandemic has changed the face of retail in cities across the country with small and independent businesses bearing the brunt of closures. And this winter, many have seen a drop in demand from last year. But owners, and… Continue watching
Dec 22 Inflation is a factor behind an increase in holiday procrastinators this year By Anne D'Innocenzio, Associated Press Inflation is driving many consumers to put off their holiday shopping until the last minute. Continue reading
Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 21 FTX founder extradited to U.S. to face charges By Ken Sweet, Associated Press Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX. Continue reading
Dec 20 Elon Musk tweets he'll resign as Twitter CEO when he finds a replacement By Associated Press Since taking over San Francisco-based Twitter in late October, Musk’s run as CEO has been marked by quickly issued rules and policies that have often been withdrawn or changed soon after being made public. Continue reading