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
Sep 21 Watch 4:01 News Wrap: House votes on reform to electoral vote count, malaria outbreaks in Pakistan In our news wrap Wednesday, the House approved a bill to block future attempts at subverting presidential elections and close loopholes in the law, medical workers struggled to contain malaria outbreaks as mosquitoes breed in the wake of flooding in… Continue watching
Sep 21 WATCH: Fed raises key interest rate by three-quarters of a point By Christopher Rugaber, Associated Press The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008. Continue reading
Sep 20 National Transportation Safety Board wants all new vehicles to check drivers for alcohol use By Tom Krisher, Associated Press The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of the biggest causes of highway deaths in the U.S. Continue reading
Sep 20 Watch 4:29 News Wrap: New York City lifting vaccine mandate for private sector workers In our news wrap Tuesday, New York City is lifting its vaccine mandate for private sector workers as of November 1, federal authorities in Minnesota charged 47 people in a fraud scheme taking advantage of pandemic relief funds and the… Continue watching
Sep 19 Watch 4:22 News Wrap: Taliban frees American in prisoner swap, judge orders release of Adnan Syed In our news wrap Monday, the Taliban freed American engineer Mark Frerichs in a prisoner swap, a judge in Pakistan ordered police to drop terrorism charges against former Prime Minister Imran Khan, Russian fire hit close to another nuclear power… Continue watching