Jun 10 WATCH: Biden vows to battle inflation as prices continue climbing By Chris Megerian, Josh Boak, Associated Press In President Joe Biden's estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration. Continue reading
Jun 10 Cost of necessities rose in May, leaving U.S. with new 40-year high in inflation By Christopher Rugaber, Associated Press The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Continue reading
Jun 09 Watch 4:20 News Wrap: Michigan police officer charged with murder for killing Black man In our news wrap Thursday, a Grand Rapids, Michigan, policeman faces trial for second-degree murder for killing a Black man during a traffic stop, a GOP candidate for Michigan governor was arrested for his role in the Jan. 6 Capitol… Continue watching
Jun 09 Average gas prices close in on $5 a gallon in the U.S. By David Koenig, Associated Press Pump prices have been rising steadily for months, as global oil prices rise and demand for gas increases. Prices range from an average $6.40 a gallon in California to $4.41 in Georgia. Continue reading
Jun 08 Workers protest Starbucks' plan to close a unionizing store By Dee-Ann Durbin, Associated Press As tensions rise between Starbucks and baristas who want to unionize, the imminent closure of a store in Ithaca, New York, is taking on outsized significance. Continue reading
Jun 07 Cryptocurrency meltdown is wake-up call for many, including Congress By Ken Sweet, Associated Press Meltdowns in the cryptocurrency space are common, but the latest one has served as a vivid reminder that investors, both professionals and rookies, can be rolling the dice when putting money into digital assets. Continue reading
Jun 07 Watch 4:57 News Wrap: Treasury Secretary Janet Yellen says inflation will remain high In our news wrap Tuesday, Treasury Secretary Janet Yellen told the Senate Finance Committee inflation will remain high, the Department of Homeland Security warns of potential new threats from domestic extremists, the World Bank lowered its economic outlook, Russia says… Continue watching
Jun 07 Biden pauses solar panel tariffs to jumpstart installations, U.S. companies weigh challenge By Matthew Daly, Associated Press U.S. solar manufacturers are considering legal challenges after President Joe Biden declared a two-year pause on tariffs for solar imports from Southeast Asia. Continue reading
Jun 07 WATCH: Treasury Secretary Yellen testifies on President Biden's budget in Senate hearing By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell "could have used a better word" than transitory when describing the expected run of inflation in the U.S. economy. Continue reading
Jun 06 Company halts plans for Taser drone after 9 members of its ethics board resign By Michael Balsamo, Associated Press The company best known for developing the Taser says it's halting plans to develop a Taser-equipped drone. The decision by Axon comes as a majority of its ethics board resigned over the project. Continue reading