Sep 26 WATCH: Biden announces ‘true cost’ airline ticket rule at White House Competition Council meeting By Seung Min Kim, David Koenig, Associated Press Airlines made nearly $5.3 billion in baggage fees and nearly $700 million on cancellation and change fees last year, according to Transportation Department figures. Airlines charge a variety of other fees for extra legroom and other perks that are not tracked by… Continue reading
Sep 26 British pound plunges to new, all-time low as proposed tax cuts spark economic concerns By Danica Kirka, Jill Lawless, Associated Press The British pound has fallen to an all-time low against the U.S. dollar after the government pledged a sweeping package of tax cuts that have fueled concerns about its economic policy. Continue reading
Sep 23 Watch 3:51 News Wrap: Fears of recession trigger stock market sell-off In our news wrap Friday, a sell-off swept Wall Street and the world as rising interest rates intensify fears of a recession, counter-protesters marched in support of Iran's Islamic regime following growing unrest over a young woman's death in the… Continue watching
Sep 23 UK cuts taxes, boosts spending, accelerating recession worries By Danica Kirka, Jill Lawless, Sylvia Hui, Associated Press The British pound has went on its biggest one-day drop in 2 1/2 years after the U.K.'s new government outlined plans to cut taxes and boost spending. It's sparked concerns that increased public borrowing will worsen the nation's cost-of-living crisis. Continue reading
Sep 22 Watch 3:29 News Wrap: U.S. sanctions Iran’s ‘morality police’ after young woman’s death In our news wrap Thursday, the U.S. imposes sanctions on Iran's morality police as protests continue over the death of a young woman in custody, Republicans in the Senate blocked action on forcing the disclosure of "dark money" donors to… Continue watching
Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession By Christopher Rugaber, Associated Press The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Continue reading
Sep 22 Why a third of American workers changed jobs during the Great Resignation By Hannah Grabenstein Over one-third of Americans working for pay changed jobs in the past two years, according to a new PBS NewsHour/NPR/Marist poll, and more than 60 percent received raises over the last year. Continue reading
Sep 22 WATCH: Heads of major banks testify in Senate Banking Committee hearing By Ken Sweet, Associated Press The CEOs of the nation’s biggest banks were in for a second day of tough questioning from lawmakers Thursday, as Americans face inflation not seen since the early 1980s and a midterm election is only weeks away. Continue reading
Sep 21 Home Depot workers petition the federal labor board to form 1st store-wide union By Alexandra Olson, Associated Press Home Depot workers in Philadelphia have filed a petition with the federal labor board to form what could be the first store-wide union at the world's largest home improvement retailer. Continue reading
Sep 21 Watch 4:51 As Fed raises interest rates to combat inflation, central banks around the world follow By Paul Solman The Federal Reserve raised interest rates once again, adding to the sharpest series of hikes since the 1980s. So far, the Fed has increased rates by three points this year and Chair Jerome Powell says there's more to come. Other… Continue watching