Nov 23 U.S. sues to halt sugar merger, says it would harm competition By Michael Balsamo, Associated Press The Justice Department has filed a lawsuit seeking to block a major U.S. sugar manufacturer from acquiring its rival. The department contends that the deal would harm competition and consumers. Continue reading
Nov 23 WATCH: Biden gives remarks on the economy, inflation ahead of Thanksgiving By Josh Boak, Colleen Long, Associated Press President Joe Biden is ordering 50 million barrels of oil released from America's strategic reserve to help bring down energy costs. Continue reading
Nov 23 U.S. to release 50 million barrels of oil from reserve to alleviate energy costs By Josh Boak, Colleen Long, Associated Press The move is aimed at global energy markets, but also aimed at voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel. Continue reading
Nov 22 Watch 6:30 A second Powell term will make economy run ‘hotter,’ expert says. Here’s what that means President Joe Biden nominated Jay Powell for a second term as Federal Reserve chairman Monday. While U.S. job growth has been better than expected, inflation is at its highest in decades. Both are concerns Powell, and Lael Brainard as vice… Continue watching
Nov 22 No turkey shortage for Thanksgiving, but higher prices expected By Dee-Ann Durbin, Associated Press The American Farm Bureau estimates a Thanksgiving feast for 10 will cost $53.31 this year, up 14% from a year ago. Butterball CEO Jay Jandrain says labor, transportation and feed costs all soared this year and remain elevated. Continue reading
Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair By Christopher Rugaber, Associated Press President Joe Biden announced he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the… Continue reading
Nov 21 Watch 11:23 Low wage, essential workers demand better protections in California By Ivette Feliciano Low-wage, essential workers who can’t do their jobs from home are facing an unequal playing field as the effects of the COVID-19 pandemic continue. In California, many of the state’s 556,000 fast-food workers have protested what they call a widespread… Continue watching
Nov 21 Watch 3:38 Inflation a major issue facing the Biden administration By PBS NewsHour Inflation, now running at more than 6%, is the number one concern for many Americans as prices rise, from the gas pumps to the grocery shelves. It’s also a looming threat to President Joe Biden’s administration. A complex mix of… Continue watching
Nov 20 Watch 5:51 The quirky ‘Museum of Failure’ celebrates creativity and innovation By Megan Thompson Sam West, a psychologist who studies corporate behavior, believes fear of failure is a big obstacle to innovation. He launched an exhibit in Sweden in 2017 showcasing botched products and ideas to celebrate the role failure plays in innovation and… Continue watching
Nov 18 WATCH: House debates Build Back Better bill before expected vote By Alan Fram, Associated Press Democrats have brushed aside monthslong divisions and are approaching House passage of their expansive social and environment bill. Continue reading