Aug 29 WATCH: 2 economists on where the U.S. economy is headed now By Casey Kuhn, Nicole Ellis, Jenna Cohen “The economy's in a really interesting position right now,” Furchtgott-Roth said. “We have never had such a gap between gross domestic investment and consumption spending.”… Continue reading
Aug 29 Walmart seeks to dismiss FTC lawsuit over money transfers used by scam artists By Anne D'Innocenzio, Associated Press Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the retailer of allowing its money-transfer services to be used by scam artists. Continue reading
Aug 27 Watch 4:24 As price of natural gas surges, so do household energy bills Roughly 1 in 6 American households are behind on utility bills, as energy prices surge across the U.S. to the highest level in nearly 15 years. In the UK, household energy bills are up 80% compared to last year. Bloomberg… Continue watching
Aug 26 Watch 6:46 Why the Fed plans to keep aggressively fighting inflation even if it leads to job loss By William Brangham Federal Reserve Chair Jerome Powell delivered a stark message Friday on inflation, warning that more interest rate hikes are coming and they're going to take a toll. Those statements came during the Fed's annual economic symposium in Jackson Hole, Wyoming. Continue watching
Aug 26 Watch 3:15 News Wrap: Moderna sues Pfizer and BioNTech, nuclear plant in Ukraine reconnected to grid By PBS NewsHour In our news wrap Friday, Moderna announced it's suing Pfizer and BioNTech accusing them of copying its technology for their COVID vaccine, workers at a nuclear plant in Ukraine began reconnecting it to the power grid, Britain says the war… Continue watching
Aug 26 Watch 9:12 Sen. Thune on why he opposes Biden’s student loan plan, the affidavit in Mar-a-Lago search By PBS NewsHour President Biden's plan to cancel thousands of dollars in student loan debt for millions of borrowers has raised criticism from the Republican ranks. Many have called the plan unfair and believe it could worsen inflation and does little to address… Continue watching
Aug 26 Watch 5:32 Afghanistan sinks deeper into crisis as sanctions take heavy toll on civilians By Jane Ferguson, Zeba Warsi Afghanistan has been a country in chaos since the U.S. withdrawal last August. One year on, nearly half of its people are facing hunger, 6 million of them are at risk of famine. The freeze on assets and international sanctions… Continue watching
Aug 26 Watch 11:57 Brooks and Marcus on the Mar-a-Lago affidavit and Biden’s student debt plan New York Times columnist David Brooks and Washington Post editor Ruth Marcus join Amna Nawaz to discuss the week’s political news, including the newly unsealed documents that led to the FBI search of Mar-a-Lago, President Biden's plan to eliminate student… Continue watching
Aug 26 Secret Service recovers $286 million in stolen pandemic loans By Fatima Hussein, Associated Press An investigation initiated by the Secret Service's Orlando office found that alleged conspirators submitted Economic Injury Disaster Loan applications by using fake or stolen employment and personal information. Continue reading
Aug 26 Dow Jones drop 3 percent after Fed Chair Powell warns interest rates to stay high By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Stocks closed sharply lower after the head of the Federal Reserve dashed Wall Street's hopes that it may soon ease up on high interest rates in its effort to tame inflation. Continue reading