Aug 30 Watch 8:55 How homebuyers of color are disproportionately impacted by rising mortgage rates By Paul Solman, Ryan Connelly Holmes Rising mortgage rates and lingering inflation are forcing many Americans to put plans to buy a home on hold. That is pushing up rent prices for others. As economics correspondent Paul Solman explains, no one has experienced that more acutely… Continue watching
Aug 30 New York City announces debt relief plan for struggling taxi drivers By Karen Matthews, Associated Press New York City taxi drivers who owe hundreds of thousands of dollars on loans they took out to operate yellow cabs will see their burdens reduced substantially under a newly announced debt relief program. Continue reading
Aug 30 FDA chief says long-awaited opioid epidemic review still in the works By Matthew Perrone, Associated Press The head of the Food and Drug Administration says a government review of prescription opioid medications, including their risks and contribution to the U.S. overdose epidemic, is still underway. Continue reading
Aug 30 Job openings rose in July, dashing Federal Reserve hopes for cooling By Christopher Rugaber, Associated Press The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation. Continue reading
Aug 29 California lawmakers approve landmark fast food workers bill By Don Thompson, Associated Press California lawmakers on Monday advanced a nation-leading measure that would give more than a half-million fast food workers more power and protections, over the objections of restaurant owners who warn it would drive up consumers' costs. Continue reading
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