Nov 16 House panel to hold hearing on cryptocurrency exchange FTX collapse By Fatima Hussein, Associated Press Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. Continue reading
Nov 16 European Central Bank says a recession 'has become more likely' By David McHugh, Associated Press It's looking more like a recession is coming in Europe. That's the takeaway from a financial stability report that the European Central Bank released Wednesday. Continue reading
Nov 16 Rising food costs eating up Thanksgiving dinner funds By Dee-Ann Durbin, Associated Press Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. Continue reading
Nov 15 Watch 8:03 Deadly explosion reported in Poland as Russia unleashed missile barrage on Ukraine The U.S. and western allies said they’re looking into reports of an explosion in NATO-member Poland. It happened as Russia conducted missile strikes across Ukraine. Local Polish media reported the explosion at a grain facility in an eastern village about… Continue watching
Nov 15 Watch 6:42 Collapse of FTX raises questions about cryptocurrency's viability The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged… Continue watching
Nov 15 Walmart offers to pay $3.1 billion to settle opioid epidemic lawsuits By Geoff Mulvihill, Associated Press Walmart has agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of the prescriptions its pharmacies filled for powerful prescription opioid painkillers. Continue reading
Nov 15 Envoys from the U.S. and China, the world's top polluters, meet at COP27 Summit By Frank Jordans, Kelvin Chan, Seth Borenstein, Associated Press U.S. climate envoy John Kerry has met with his Chinese counterpart at annual United Nations climate talks in Egypt. Continue reading
Nov 14 Watch 4:08 News Wrap: CIA director meets with Russian counterpart In our news wrap Monday, CIA Director William Burns met with his Russian intelligence counterpart to convey the consequences if Moscow were to use a nuclear weapon in Ukraine, police arrested a Syrian woman suspected of carrying out the bombing… Continue watching
Nov 14 Insurance fund for climate change impacts announced at G-7 talks By Wanjohi Kabukuru, Associated Press The Group of Seven leading economies launched a new insurance system Monday to provide swift financial aid when nations are hit by devastating effects of climate change. Continue reading
Nov 14 Federal appeals court ruling keeps Biden's student debt relief plan on hold By Jim Salter, Associated Press President Joe Biden's plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. Continue reading