Jul 15 State Department offering rewards up to $10 million to curb ransomware By Frank Bajak, Associated Press The rewards are for information leading to the identification of anyone engaged in foreign state-sanctioned malicious cyber activity, including ransomware attacks, against critical U.S. infrastructure. Continue reading
Jul 14 Watch 6:30 Supply 'bottlenecks' are driving a consumer price surge. Here's how that affects inflation The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks… Continue watching
Jul 14 WATCH: Fed Chair Powell says inflation, though elevated, will likely moderate By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating."… Continue reading
Jul 13 UK lawmakers vote to back contentious foreign aid cut By Jill Lawless, Associated Press British lawmakers have voted to support a contentious cut to the U.K.'s foreign aid budget. Aid groups say the decision has slashed billions from programs that help some of the world's poorest people. Continue reading
Jul 13 Bipartisan infrastructure deal stalls as bigger plan gains By Lisa Mascaro, Kevin Freking, Associated Press A $1 trillion bipartisan infrastructure deal senators struck with President Joe Biden is at risk of stalling out. Republicans are mounting stiff resistance over ways to pay for it. Instead, momentum is shifting to a much more robust Democratic proposal… Continue reading
Jul 13 U.S. consumer prices surge in June by the most since 2008 By Christopher Rugaber, Associated Press American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply. Continue reading
Jul 12 Police patrol Havana in large numbers after demonstrations By Andrea Rodriguez, Associated Press Large contingents of Cuban police are patrolling the capital of Havana following protests around the island nation against food shortages and high prices amid the coronavirus crisis. Continue reading
Jul 12 Elon Musk to testify over Tesla's SolarCity acquisition By Tom Krisher, Associated Press The Tesla CEO will testify about the $2.5 billion deal in a shareholder lawsuit that alleges Tesla's acquisition was rife with conflicts of interest, overlooked SolarCity's fundamental weaknesses and failed to produce profits Musk had promised. Continue reading
Jul 11 Watch 11:43 A Dutch chocolate company's fight to end illegal child labor By Megan Thompson, Joan Martelli The chocolate industry has a dark side: almost 1.6 million children work -- illegally -- in the cocoa growing regions of Ghana and Ivory Coast. Tony’s Chocoloneley, a quirky but popular chocolate brand in The Netherlands, is on a mission… Continue watching
Jul 09 USDA unveils $500 million plan to help build more, smaller meat processing plants By David Pitt, Associated Press U.S. Agriculture Secretary Tom Vilsack, in Council Bluffs, Iowa, announced the program Friday in addition to another $150 million to be used for existing small processing facilities to help them with unexpected costs the coronavirus pandemic caused and to compete… Continue reading