Dec 05 European Union implements Russian oil price cap to limit Kremlin war chest By David McHugh, Associated Press The impact may be blunted because Russia has been able reroute much of its European seaborne shipments to China, India and Turkey, although at steep discounts. Plus, the price cap is near what Russian oil already cost. Continue reading
Dec 03 Rail workers say quality-of-life concerns not resolved under deal imposed by Congress By Josh Funk, Associated Press President Joe Biden signed a bill Friday to block a strike and force workers to accept the agreements union leaders made in September, even though four of the 12 unions — which include a majority of rail workers — voted to reject them. Continue reading
Dec 02 Los Angeles City Council unanimously votes to ban oil and gas drilling By Drew Costley, Associated Press The vote comes after more than a decade of complaints from city residents that pollution drifting from wells was affecting their health. Los Angeles was once a booming oil town, but many of its oilfields are now played out. Continue reading
Dec 02 Watch 6:12 Tech industry hit with massive layoffs as other employers add jobs By Paul Solman, Ryan Connelly Holmes The latest jobs report is further confirmation of a labor market that may be slowing down but has proven more resilient than many have expected. Many sectors are continuing to add jobs, but that's not true in the tech sector,… Continue watching
Dec 02 Watch 12:31 Brooks and Capehart on the Democrats' plan to shake up the presidential primary calendar New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Judy Woodruff to discuss the week in politics, including the Democrats' plan to shakeup the road to the White House, President Biden and Congress halt a… Continue watching
Dec 02 Musk confirms Twitter has suspended rapper Ye after swastika post By Associated Press Ye, formerly known as Kanye West, has made a series of antisemitic comments in recent weeks. On Thursday, Ye praised Hitler in an interview with conspiracy theorist Alex Jones. Continue reading
Dec 01 Senate votes to avert freight rail strike amid economic concern By Kevin Freking, Josh Funk, Associated Press Legislation to avert a freight rail strike in the United States is headed to President Joe Biden's desk. A bill to avoid the strike won final approval Thursday, clearing the Senate in a bipartisan vote. Continue reading
Dec 01 WATCH: Commodity Futures Trading Commission chairman ask Congress to 'move quickly' on crypto bill By Associated Press The U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam urged Congress"to move quickly" to put in place "guardrails" for digital assets following the collapse of cryptocurrency exchange FTX. Continue reading
Dec 01 Biden administration urges Senate to act amid looming rail worker strike By Josh Funk, Kevin Freking, Associated Press The Biden administration is saying the U.S. economy would face a severe economic shock if senators don't pass legislation this week to avert a freight rail worker strike. Continue reading
Dec 01 Average long-term U.S. mortgage rates fall for a third week in a row By Matt Ott, Associated Press The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Continue reading