Economy

Filter

Without 'right to repair,' businesses lose time and money

By Mae Anderson, Associated Press

Makers of products ranging from smartphones to farm equipment can withhold repair tools and create software-based locks that prevent even simple updates, unless they're done by a repair shop authorized by the company.

Judge blocks Florida law that prevents cruise lines from requiring proof of vaccination

By Associated Press

A federal judge has temporarily blocked a Florida law that prevents cruise lines from requiring passengers to prove they're vaccinated against COVID-19. The judge says it appears unconstitutional and won't likely hold up in court.

South Korea will release billionaire Samsung scion on parole

By Kim Tong-Hyung, Associated Press

The announcement comes with a year left on Lee Jae-yong's 30-month sentence and extends a history of leniency toward major white-collar crime and preferential treatment for convicted tycoons.

Can concrete, a major CO2 emitter, be made greener?

By Mori Rothman

After water, concrete is the most consumed substance on the planet and its production is expected to grow from 4.4 billion tons to 5.5 billion tons by 2050. But its production, which involves cement, comes at a huge environmental cost…

Continue watching

U.S. economy powers back from pandemic losses, but concerns remain over the delta variant

Friday's jobs report indicates the U.S. economy is making a strong comeback. Wages are up and the unemployment rate is down -- at its lowest level since the pandemic began last year. But concerns remain over the highly contagious delta…

Continue watching

Pause on student loan payments extended through January

By Collin Binkley, Associated Press

The Biden administration has announced that federal student loan payments will remain suspended through January 2022, extending a pause that was scheduled to expire next month.

WATCH: Pelosi praises July jobs report

By Associated Press

Speaker of the House Nancy Pelosi is praising July's encouraging job report, crediting Democrats in the White House and Congress for building back the economy after losses due to the effects of the COVID-19 pandemic.

U.S. hiring surges in July, unemployment rate drops to 5.4 percent

By Paul Wiseman, Associated Press

Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4 percent as the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown.

WATCH: Biden speaks on July job gains

By Paul Wiseman, Associated Press

The unemployment rate dropped to 5.4 percent as the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown.

Apple to scan U.S. iPhones for images of child abuse

By Barbara Ortutay, Frank Bajak, Associated Press

Apple is planning to scan U.S. iPhones for images of child abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be used to surveil citizens.