Apr 14 Lawyer alleges California Gov. Newsom interfered in Activision Blizzard lawsuit By Associated Press A California state lawyer has resigned over what she alleges were undue attempts by Gov. Gavin Newsom and his office to interfere in a state lawsuit against video game giant Activision Blizzard. Continue reading
Apr 14 Oklahoma has only slightly increased oil and gas production during the Ukraine war. Here's why By Adam Kemp President Joe Biden has been calling on U.S. oil and gas companies to drill more. In Oklahoma, one of the nation's most productive oil regions, producers say there are hurdles to meet that demand, even though they want the president… Continue reading
Apr 14 Tesla CEO Elon Musk offers to buy Twitter, making it a private company, for $43 billion By Michelle Chapman, Matt O'Brien, Associated Press Tesla CEO Elon Musk is offering to buy Twitter. He says the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company. Continue reading
Apr 12 Watch 7:38 Inflation hits new historic high, painting a bleak economic picture Inflation numbers released Tuesday by the U.S. Labor Department show prices are up in nearly every consumer category, but especially energy costs. President Biden traveled to the midwest to explain how his administration is going to ease the pain at… Continue watching
Apr 12 Watch 8:27 Why corporations are reaping record profits with inflation on the rise By Paul Solman, Lee Koromvokis Despite rising inflation, major U.S. corporations are reporting record profits, as companies pass rising supply-chain costs onto consumers. Economics correspondent Paul Solman explores whether concentrated market power is contributing to inflation. Continue watching
Apr 12 WATCH: How student loan debt disproportionately hurts Black borrowers By Casey Kuhn, Nicole Ellis, Hannah Grabenstein Americans, in total, owe nearly $1.75 billion in student loan debt, with more than 44 million people owing, according to a 2020 NAACP report. Continue reading
Apr 12 Annual report shows systemic racism continues to bring down Black people's quality of life By Michael Warren, Associated Press Urban League President Marc Morial says the index shows how hard it is to overcome systemic racism that's made life harder in many ways for people of color. Continue reading
Apr 12 U.S. inflation rises 8.5 percent, sharpest increase since 1981 By Paul Wiseman, Associated Press Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. Continue reading
Apr 11 Watch 5:40 U.S. Postal Service gets boost to overhaul its finances and modernize By Geoff Bennett, Ebony Joseph The U.S. Postal Service has secured a major victory that will keep it afloat and address service delays that have plagued the agency in recent years. President Biden on Monday signed a sweeping bill into law that will overhaul the… Continue watching
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