Oct 07 California Gov. Newsom to call a special legislative session over soaring gas prices By Adam Beam, Associated Press California Gov. Gavin Newsom will call a special session of the state Legislature to pass a new tax on oil companies. Newsom said Friday the session would begin Dec. 5 and accused oil companies of price gouging. Continue reading
Oct 07 WATCH: State Department says U.S. is working to provide humanitarian aid to Haiti By Associated Press The U.S. is coordinating with Haiti's prime minister and other international partners to determine how best to provide additional support. Continue reading
Oct 07 Watch 5:35 Jobs report shows economy, employment market cooling as questions of recession remain By Paul Solman, Diane Lincoln Estes The September jobs report shows the economy and employment market cooling but remaining steady. The labor market added 263,000 jobs, but that's down from the first half of the year when roughly 400,000 jobs were created a month. Stocks sank… Continue watching
Oct 07 Watch 3:45 News Wrap: Hurricane Ian death toll tops 100, Uvalde suspends campus police force In our news wrap Friday, Hurricane Ian is now the second-deadliest storm to hit the U.S. mainland this century behind Hurricane Katrina, the Uvalde school district suspended its entire campus police force after intense criticism over their response to the… Continue watching
Oct 07 EU summit struggles to form gas price cap plan By Lorne Cook, Karel Janicek, Sylvie Corbet, Associated Press European Union leaders are struggling to bridge significant differences over a natural gas price cap as winter approaches and Russia's war on Ukraine fuels an energy crisis. Continue reading
Oct 07 Germany wants to put climate losses on agenda at UN talks By Associated Press Germany's foreign minister says her country wants the huge economic damage resulting from global warming to be discussed at this year's United Nations climate talks. Continue reading
Oct 07 Biden signs executive order promising EU citizens better data privacy By Frank Bajak, Kelvin Chan, Associated Press President Joe Biden has signed an executive order designed to allay European concerns that U.S. intelligence agencies are illegally spying on them. Continue reading
Oct 07 WATCH: President Biden praises U.S. jobs data, but seeks 'stable growth' By Associated Press President Joe Biden hailed new job numbers Friday, saying the slowdown in job growth shows the United States is transitioning to "more stable growth," although he warns that there is "still a lot of work" to be done. Continue reading
Oct 07 Stocks slump on fears about rates, recession after jobs data By Stan Choe, Associated Press Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. Continue reading
Oct 07 In renewed bid to buy Twitter, Musk has to keep banks and investors on board By Tom Krisher, Matt O'Brien, Associated Press If the squabbling ever stops over Elon Musk's renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place. Continue reading