Jun 03 CEOs got hefty pay raises in 2023 while inflation burdened American workers’ budgets By Mae Anderson, Paul Harloff, Barbara Ortutay, Associated Press The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13 percent last year, easily surpassing the gains for workers. Continue reading
Jun 02 Watch 9:11 How racial disparities in financial education affect America’s wealth gap By Laura Barrón-López, Kaisha Young, Mekhi Hill Knowing how to budget and save money are important skills, but not everyone is taught how to do so. Only 25 states require high schoolers to take a personal finance class, and schools with predominantly Black and brown students are… Continue watching
Jun 02 Watch 3:29 A look inside a D.C. retail village helping Black businesses rebound from the pandemic Four years ago, Black-owned businesses were among the hardest hit by pandemic disruptions. Many have rebounded, and in one retail space in Washington, D.C., supporting local Black entrepreneurs has been a key mission. From PBS NewsHour’s Student Reporting Labs, Morgan… Continue watching
May 31 A closely tracked inflation gauge rises at slowest pace this year By Christopher Rugaber, Associated Press A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Continue reading
May 30 Tens of billions of dollars in gold flows illegally out of Africa each year, a new report says By Jessica Donati, Associated Press The report published Thursday found that more than $30 billion worth of gold, or more than 435 metric tons, was smuggled out of the continent in 2022. Continue reading
May 30 California advances measures targeting AI discrimination and sexually abusive deepfakes By Trân Nguyễn, Associated Press California lawmakers have advanced a host of artificial intelligence proposals that would protect jobs, build public trust, fight algorithmic discrimination, and outlaw deepfakes involving elections or pornography. Continue reading
May 30 Michigan reports another person working with cows got bird flu, the third U.S. case this year By Mike Stobbe, JoNel Aleccia, Associated Press This person developed respiratory symptoms, unlike the two workers, who had only mild eye symptoms. But Michigan health officials say the farmworker was quickly provided antivirals and is recovering. Continue reading
May 29 ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise By Michelle Chapman, Associated Press ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. Continue reading
May 29 Inflation pressures lingering from pandemic may keep Feds from lowering interest rates By Christopher Rugaber, Associated Press Though Fed officials say they expect inflation in key areas to eventually cool, they've signaled that they're prepared to wait as long as it takes. Continue reading
May 28 U.S. consumer confidence sunnier in May after months of declines By Matt Ott, Associated Press The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. Continue reading