Dec 15 Airbnb agrees to pay $621 million to settle a tax dispute in Italy By Associated Press Airbnb said in a statement on Wednesday that it was working on introducing new tools that would allow hosts to have their taxes withheld automatically by Airbnb and paid to the Italian authorities on their behalf. Continue reading
Dec 15 U.S. homelessness up 12 percent to highest reported level as rents soar and pandemic aid lapses By Kevin Freking, Associated Press Federal officials Friday said soaring rents and a winding down of coronavirus pandemic assistance combined to put housing out of reach for more Americans. Continue reading
Dec 14 U.S. officials confiscate over 1.4 million illegal e-cigarettes from overseas manufacturers, including the maker of Elf Bars By Matthew Perrone, Associated Press The Food and Drug Administration pegged the value of the e-cigarettes seized at Los Angeles Airport at $18 million. Continue reading
Dec 14 WATCH: Biden delivers remarks on lowering prescription drug prices during visit to NIH By Amanda Seitz, Associated Press Hundreds of thousands of older Americans could pay less for some of their outpatient drug treatments beginning early next year, the Biden administration announced Thursday. Continue reading
Dec 13 After recalls and infections, experts say safer eyedrops will require new FDA powers By Matthew Perrone, Associated Press Unlike prescription drugs, eyedrops and other over-the-counter products don't get preliminary review by the Food and Drug Administration. Continue reading
Dec 13 Dow hits a record after the Fed signals rate cuts in 2024 By Stan Choe, Associated Press A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. Continue reading
Dec 13 Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year By Christopher Rugaber, Associated Press Those envisioned rate cuts — which wouldn't likely begin until the second half of 2024 — suggest that the officials think high borrowing rates will still be needed for much of next year to further slow spending and inflation. Continue reading
Dec 13 WATCH: Federal Reserve Chair Jerome Powell holds news briefing following interest rate meeting By Christopher Rugaber, Associated Press The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year. Continue reading
Dec 12 Epic wins its antitrust lawsuit against the Play Store. What does this verdict mean for Google? By Associated Press Google lost an antitrust lawsuit over barriers to its Android app store, as a federal court jury has decided that the company's payments system was anticompetitive and damaged smartphone consumers and software developers. Continue reading
Dec 12 Federal judge upholds Texas’ TikTok ban on state-owned devices By Associated Press The decision came months after The Knight First Amendment Institute at Columbia University challenged the ban, arguing it violated the First Amendment. Continue reading