May 20 Watch 5:25 Investors scramble as the S&P 500 dives into bear market territory Financial markets closed out the week with yet another head-spinning day, with one of the main indexes, the S&P 500, plunging for almost three hours into bear market territory, signifying a drop of 20 percent or more from its prior… Continue watching
May 20 Watch 9:10 Calls for Biden to cancel the widespread financial burden of student debt grow louder President Biden has indicated he will soon announce a decision on whether he will cancel $10,000 in student debt for college graduates. It’s a decision being widely anticipated but also much debated over its scope and merits. Katherine Welbeck of… Continue watching
May 20 New Orleans hopes giving young people a guaranteed monthly income can break the cycle of poverty By Roby Chavez New Orleans has launched a first-of-its-kind program that provides monthly payments to teens as young as 16 years old. For the next 10 months, 125 participants ages 16 to 24 will get $350 a month with no strings attached as… Continue reading
May 20 U.S. stocks edge higher at the end of another bruising week By Damian J. Troise, Associated Press Stocks are off to a solid start on Wall Street Friday but are still headed for another week of declines following a massive pullback two days ago. Continue reading
May 19 Watch 6:26 Biden invokes Defense Production Act to counter dearth of baby formula President Biden is under pressure on a number of fronts right now, including getting more done and showing better results that people can feel in the near future.That's particularly true when it comes to the shortage of baby formula around… Continue watching
May 19 Canada bans China's Huawei Technologies from installing equipment in 5G networks By Rob Gillies, Associated Press Canada says wireless carriers in Canada won't be allowed to install Huawei equipment in their high-speed 5G networks. In announcing the decision Thursday joined the U.S. and other allies that previously banned the giant Chinese technology company. Continue reading
May 19 House approves bill to combat gasoline 'price gouging' By Matthew Daly, Associated Press A closely divided House has approved legislation to crack down on alleged price gouging by oil companies as prices at the pump continue to soar. Continue reading
May 19 The current baby formula shortage sheds light on longstanding weaknesses within the industry By Kevin Ketels, The Conversation The closure of a factory in Michigan is the incident that put new parents across the U.S. on edge, but the real causes for the shortage of baby formula are many years in the making. Continue reading
May 18 As Fresno tries to manage a housing crisis, a corporate owner moves in By Cresencio Rodriguez-Delgado A judge has authorized the sale of a local mobile home park at the center of an affordable housing battle to a national corporate landlord, dealing a blow to residents and housing advocates who had hoped their bid for a… Continue reading
May 18 New York agency files discrimination complaint against Amazon By Haleluya Hadero, Associated Press A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying reasonable accommodations and forcing them to take unpaid leave. Continue reading