Sep 30 S&P 500 fell 4.8 percent in September, worst month since March 2020 By Damian J. Troise, Alex Veiga, Associated Press After climbing steadily for much of the year, the stock market became unsettled in recent weeks with the spread of the more contagious delta variant of COVID-19, a sudden spike in long-term bond yields and word that the Federal Reserve… Continue reading
Sep 30 Biden signs continuing budget resolution to fund government through Dec. 3rd By Kevin Freking, Associated Press With only hours to spare, President Joe Biden on Thursday evening signed legislation that would avoid a partial federal shutdown and keep the government funded through Dec. 3. Congress had passed the bill earlier Thursday. Continue reading
Sep 30 Biden plan at stake, Pelosi pushes ahead for $3.5T deal By Lisa Mascaro, Associated Press Thursday's promised vote on the first piece, a slimmer $1 trillion public works bill, is faltering amid stalled talks on his more ambitious package. Continue reading
Sep 30 WATCH: Treasury Secretary Yellen and Fed Chair Powell testify on pandemic recovery By News Desk and Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are expected to testify before the House Committee on Financial Services on Thursday about the pandemic recovery. Continue reading
Sep 29 Watch 9:57 Two experts on how $3.5T spending bill could affect health and child care, taxes and more As President Biden's economic agenda takes shape on Capitol Hill, Amna Nawaz discusses its potential implications with Joseph Stiglitz, a Nobel Prize winning economist. He was senior vice president and chief economist at the World Bank and teaches at Columbia… Continue watching
Sep 29 WATCH: Federal Reserve Chair defends Federal policies, says inflation may persist By Christopher Rugaber, Associated Press At a panel sponsored by the European Central Bank on Wednesday Powell said the Fed has avoided the mistake of underestimating the severity of pandemic's economic impact. But criticism of the Fed's policies has grown in recent months as inflation… Continue reading
Sep 29 Chemical shortage inflates paints and plastics prices By Paul Wiseman, Tom Krisher, Associated Press Like other manufacturers, plastic, paint and other petrochemical companies have been shaken by the pandemic and by the way consumers and businesses responded to it. Continue reading
Sep 29 YouTube bans false vaccine claims By Amanda Seitz, Associated Press The ban on vaccine misinformation comes as countries around the world continue to offer free immunizations for COVID-19 to a somewhat hesitant public. Continue reading
Sep 28 Ford to build three electric-vehicle battery factories and an auto assembly plant By Tom Krisher, Bruce Schreiner, Associated Press The factories, to be built on sites in Kentucky and Tennessee, will make batteries for the next generation of Ford and Lincoln electric vehicles that will be produced in North America. Continue reading
Sep 27 WATCH: Secretary Yellen, Chairman Powell testify on pandemic recovery By Chris Rugaber, Associated Press Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are expected to testify at a hearing on Tuesday on the state of the nation's pandemic recovery. Continue reading