Jul 26 Bill to boost the semiconductor industry, high tech research passes key Senate test By Kevin Freking, Associated Press The Senate has advanced a $280 billion bill designed to boost the U.S. semiconductor industry and to accelerate high tech research that backers say will be critical to the economy in future decades. Continue reading
Jul 26 WATCH: White House says Korean firm's $22 billion investment will mean new jobs By Associated Press South Korea's SK Group announced plans to invest $22 billion in the U.S. on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of domestic jobs. Continue reading
Jul 25 EU struggles with how to cut off reliance on Russian natural gas By Raf Cassert, Associated Press On the eve of an emergency meeting to discuss plans to cut gas use by 15 percent over the coming months, envoys on Monday were still brokering a possible compromise that should keep all 27 nations in line. Continue reading
Jul 25 Watch 4:15 New Wrap: Ukraine to resume grain exports after Russian assault on port city of Odesa In our news wrap Monday, Ukraine will resume exporting grain under an agreement with Russia despite weekend missile attack on the port of Odesa, President Biden's COVID symptoms are almost completely resolved, Pope Francis made a historic apology in Canada… Continue watching
Jul 25 WATCH: Biden says he's feeling better after COVID infection during meeting on computer chip manufacturing By Chris Megerian, Associated Press After participating in a virtual meeting Monday to talk about computer chip manufacturing, Biden said "everything's on the button" with the medical tests he's been receiving each evening. Continue reading
Jul 25 As inflation soars, the Federal Reserve is set to announce another interest rate hike By Christopher Rugaber, Associated Press Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. Continue reading
Jul 25 Rents spike as large corporate investors buy mobile home parks By Michael Casey, Carolyn Thompson, Associated Press The parks, which for decades were mostly owned and operated like small businesses, have proven an attractive investment for private equity firms and large real estate companies. Continue reading
Jul 25 Lawsuit against U.S. poultry producers alleges unfair, abusive worker practices By Michael Balsamo, Associated Press The Justice Department alleges the companies have been engaged in a multiyear conspiracy to exchange information about the wages and benefits of poultry plant workers to suppress competition for those workers. Continue reading
Jul 25 Yellen downplays U.S. recession risk as economic reports loom By Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Continue reading
Jul 23 Watch 5:48 The economic impacts of unchecked climate change By Ali Rogin, Andrew Corkery, Kaisha Young Around the world, the ravages of climate change are evident in record-high temperatures, floods, fires and other natural disasters. In the U.S., President Biden is taking executive action to address the climate crisis, citing climate change as both a national… Continue watching