May 04 U.K. parliament asks Elon Musk to testify on Twitter intentions By Associated Press Parliament’s digital committee asked the Tesla CEO on Wednesday to give evidence about his proposals “in more depth.”… Continue reading
May 04 Federal Reserve raises key rate by a half-point in bid to tame inflation By Christopher Rugaber, Associated Press The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point. Continue reading
May 04 Here’s how the right to abortion is also an economic issue By Chabeli Carrazana, The 19th Some of the elements Alito describes in the opinion are still in a work in progress. In other cases, they are leaving out some of the most vulnerable Americans, experts say. Continue reading
May 04 Black-majority town in Tennessee halts state takeover in settlement deal By Kimberlee Kruesi, Associated Press The small town of Mason has announced it has reached a deal halting the threat of a takeover of its finances by the state of Tennessee. Continue reading
May 04 WATCH: Federal Reserve Chair Jerome Powell gives update as Fed announces interest rate hike By Christopher Rugaber, Associated Press The Fed also announced that it will start reducing its huge $9 trillion balance sheet, made up mainly of Treasury and mortgage bonds. Reducing those holdings will have the effect of further raising loan costs throughout the economy. Continue reading
May 04 Intuit to pay $141 million for ‘free’ ad campaign By Associated Press New York's attorney general is announcing that the company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services. Continue reading
May 04 WATCH: President Biden remarks on deficit progress in bid to counter critics By Josh Boak, Fatima Hussein, Associated Press President Joe Biden plans to highlight deficit reduction in remarks noting that the government will pay down the national debt this quarter for the first time in six years. Continue reading
May 03 LinkedIn settles with Labor Department over alleged pay discrimination By Associated Press The career-networking service LinkedIn has agreed to pay $1.8 million in back wages to hundreds of female workers to settle a pay discrimination complaint brought by U.S. labor investigators. Continue reading
May 03 Watch 2:26 News Wrap: White House deems Russia is wrongfully detaining American basketball star In our news wrap Tuesday, the Biden administration has determined that Russia is wrongfully detaining pro basketball star Brittney Griner, voters in Ohio and Indiana took to the polls, former President Trump's inaugural committee and business will pay $750,000 to… Continue watching
May 03 Biogen to replace CEO after Alzheimer’s drug flops By Matthew Perrone, Tom Murphy, Associated Press Biogen will replace its CEO and largely abandon marketing of its controversial Alzheimer's drug Aduhelm less than a year after the medication's launch triggered a backlash from experts, doctors and insurers. Continue reading