Apr 11 Student loan debt has a lasting effect on Black borrowers, despite the latest freeze in payments By Hannah Grabenstein, Saher Khan Without permanent relief, many Americans are stuck with thousands of dollars of debt, hindering their abilities to plan for the future and invest in assets that would help grow intergenerational wealth. Continue reading
Apr 11 Kmart was once a retail powerhouse. Now just a handful of stores remain in the U.S. By David Porter, Associated Press When the Kmart in Avenel, New Jersey, closes its doors on April 16, it will leave just a handful of remaining U.S. locations for the former retail powerhouse. Continue reading
Apr 11 Can cancer blood tests live up to promise of saving lives? By Carla K. Johnson, Associated Press It’s an open question whether such cancer blood tests — if added to routine care — could improve Americans’ health or help meet the White House’s goal of cutting the cancer death rate in half over the next 25 years. Continue reading
Apr 11 Elon Musk reverses course, won't join Twitter's board By Associated Press Billionaire Musk has been one of Twitter’s loudest critics and is now its largest investor. Continue reading
Apr 08 Watch 8:48 Conventional economists sound alarm over cryptocurrency's volatility By Paul Solman, Lee Koromvokis There are now thousands of cryptocurrencies, and every day it seems a new non-fungible token, or NFT, is marketed. But is “digital mania” just another historic bubble bound to burst? Our economics correspondent Paul Solman explores the digital asset boom. Continue watching
Apr 07 Treasury Secretary Yellen calls for cryptocurrency regulation to reduce risk, fraud By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions. Continue reading
Apr 07 Biden bets strong job market will shield economy from international slump By Josh Boak, Associated Press The Biden White House is betting the U.S. economy is strong enough to withstand the threats to growth posed by inflation and the war in Ukraine. Continue reading
Apr 06 Watch 3:34 U.S. lawmakers grill oil executives about sharp rise in gas prices By Amna Nawaz, Courtney Norris, Tommy Walters Since Russia’s invasion of Ukraine, fuel prices have shot up and stayed high. Lawmakers on Capitol Hill Wednesday were laying blame for rising gas prices on executives from BP, Chevron, Shell, ExxonMobil and others. Meanwhile, everyday Americans are feeling the… Continue watching
Apr 06 Major report says nursing home care, funding system needs overhaul By Matt Sedensky, Associated Press A major report says American nursing home residents are subjected to ineffective care and poor staffing, and that facility finances are shrouded in secrecy and regulatory lapses go unenforced. Continue reading
Apr 06 Federal Reserve signals more aggressive steps to fight inflation By Christopher Rugaber, Associated Press Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses. Continue reading