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Biden calls out ‘shrinkflation’ as part of a broader strategy to reframe how voters view the economy

By Josh Boak, Associated Press

The president's focus on shrinkflation is part of a broader strategy to reframe how voters think about the economy before the November election. Biden is trying to deflect criticism about high prices and instead pin the blame on big business.

Norfolk Southern alone should pay for cleanup of eastern Ohio train derailment, judge says

By Josh Funk, Associated Press

The decision that was issued Wednesday threw out the railroad's claim that the companies that made the chemicals that spilled during the derailment and those that owned the rail cars involved should share the cost of the cleanup.

Federal Reserve regulatory proposal criticized by banks, NAACP will be revised by end of year

By Christopher Rugaber, Associated Press

The banks argue that the proposal would limit their ability to lend and would exceed what is necessary to match the global rules.

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

By Elaine Kurtenbach, Associated Press

Top Chinese financial officials have outlined details of the ruling Communist Party's plans for the year, saying a 5% target for economic growth is within reach after a strong start to the year.

OpenAI says Musk agreed the ChatGPT maker should become a for-profit company

By Kelvin Chan, Associated Press

OpenAI has attacked a lawsuit from Elon Musk, saying he supported making the ChatGPT maker a for-profit company. Musk has sued, accusing the company of betraying its founding goal to benefit humanity as it pursued profits instead.

SEC approves rule that requires some companies to publicly report emissions and climate risks

By Suman Naishadham, Associated Press

The U.S. Securities and Exchange Commission on Wednesday approved a rule that will require some public companies to report their greenhouse gas emissions and climate risks.

WATCH: Interest rate cuts likely but more evidence needed that inflation tamed, Powell says

By Christopher Rugaber, Associated Press

Powell noted that inflation is slowing for both goods and services and did not express concern about the government’s latest inflation data, which showed some pickup in price increases in January.

Californians vote on measure Gov. Newsom says he needs to tackle homelessness crisis

By Trân Nguyễn, Associated Press

Proposition 1 would authorize the state to borrow $6.4 billion to build housing and treatment beds and would also restrict how counties use money from a 2004 tax on millionaires meant to fund mental health services.

Bitcoin hits record high less than 2 years after FTX collapse cast doubt on digital currencies

By Wyatte Grantham-Philips, Associated Press

Gains in recent months have been fueled by the anticipation and eventual U.S. approval of bitcoin exchange traded funds earlier this year, which provided access to a much broader class of investors.

WATCH: Biden administration to cap credit card late fees at $8 in move against junk fees

By Ken Sweet, Josh Boak, Associated Press

The Biden administration has portrayed the White House Competition Council as a way to save people money and promote greater competition within the U.S. economy.