May 05 Boards of U.S. companies are still disproportionately white, despite greater overall diversity By Stan Choe, Associated Press Following a pressure campaign from outsiders, more companies are disclosing the racial breakdowns of their boards of directors. Continue reading
May 05 Stocks slump 3 percent as worries grow over higher interest rates By Damian J. Troise, Alex Veiga, Associated Press Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve's stepped-up fight against inflation. Continue reading
May 04 Watch 4:26 Federal Reserve implements largest interest rate hike since 2000 By Paul Solman, Courtney Norris, Ryan Connelly Holmes, Dorothy Hastings The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more… Continue watching
May 04 How higher Federal Reserve rates stand to affect Americans' finances By Christopher Rugaber, Associated Press Economists foresee the fastest pace of rate increases since 1989. The result could be much higher borrowing costs for households well into the future as the Fed fights the most painfully high inflation in four decades. Continue reading
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