May 13 Wild week in crypto ends as Bitcoin and stablecoin tumble By Matt Ott, Ken Sweet, Associated Press It's been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. Continue reading
May 12 Watch 4:55 News Wrap: Jan. 6 panel subpoenas Kevin McCarthy and four other Republicans In our news wrap Thursday, the Jan. 6 committee in Congress subpoenaed House Minority Leader Kevin McCarthy and four other Republicans, North Korea acknowledged its first COVID outbreak, Palestinians mourn journalist Shireen Abu Akleh who was shot dead during an… Continue watching
May 12 China continues ‘zero-COVID’ tactics despite economic slump By Joe McDonald, Associated Press China’s leaders are struggling to reverse a deepening economic slump without giving up a “zero-COVID” strategy that shut down Shanghai and other cities. Continue reading
May 11 Watch 4:42 News Wrap: Sharp rise in inflation may have hit a peak, but remains near 40-year highs In our news wrap Wednesday, the Labor Department's April consumer price report shows a slight drop in inflation increases amid 40-year highs, Hong Kong police arrested a Catholic cardinal for endangering China's national security, the Great Barrier Reef suffered its… Continue watching
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
May 10 Watch 5:29 News Wrap: Biden defends his economic policies amid rising inflation By PBS NewsHour In our news wrap Tuesday, President Biden defended his economic policies in the face of the worst inflation in 40 years and said his proposal for taxing billionaires could bring down rising costs. Also, Treasury Secretary Janet Yellen argued abortion… Continue watching
May 10 Baby formula shortage vexing parents, prompts White House response By Matthew Perrone, Heather Hollingsworth, Associated Press On Monday, White House press secretary Jen Psaki said the Food and Drug Administration was “working around the clock to address any possible shortages."… Continue reading
May 09 Watch 3:15 News Wrap: Ferdinand Marcos Jr. scores landslide victory in Philippines presidential race In our news wrap Monday, the son of one-time Philippines dictator Ferdinand Marcos scored a landslide victory in the country's presidential election, Sri Lanka's prime minister resigned after weeks of protests, the death toll continues rising in Havana, Cuba after… Continue watching
May 08 Watch 4:12 As pressure builds, Biden makes plans to cancel some student loan debt Canceling at least $10,000 of student loan debt per person was a campaign pledge that helped President Biden get elected. Now, the Biden administration is planning to move ahead on this through executive action. While the proposal is not finalized,… Continue watching
May 07 Watch 5:30 Inequality persists as the U.S. economy recovers from the pandemic The latest jobs report for April shows the U.S. capping a year of solid growth. Employers added 428,000 jobs and the unemployment rate remains steady at 3.6 percent, a pandemic-era low. But inequality continues as the economy recovers from the… Continue watching