Economy

Economy

FTX CEO Sam Bankman-Fried is talking about his crypto company's final days

4:35pm December 01, 2022

by David Gura

FTX CEO Sam Bankman-Fried is talking about the final days of his crypto company. He's presenting as someone who didn't fully understand the finances of his multi-billion dollar company.

President Joe Biden answers questions with Education Secretary Miguel Cardona in October as they leave an event about the student debt relief portal.

Legal losses keep coming for Biden's student loan relief plan

3:07pm December 01, 2022

by Elissa Nadworny

The 5th Circuit Court rejected a Education Department appeal on Wednesday, the latest setback in several parallel lawsuits. The administration is expected to ask the Supreme Court to weigh in.

Lucy Greco (left), a web-accessibility specialist at the University of California, Berkeley, is blind. She reads most of her documents online, but employs Liza Schlosser-Olroyd as an aide to sort through her paper mail every other month, to make sure Greco hasn't missed a bill or other important correspondence.

Medical bills remain inaccessible for many visually impaired Americans

5:00am December 01, 2022

When health bills aren't legible — via large-print, Braille or other adaptive technology — blind patients can't know what they owe, and are too often sent to debt collections, an investigation finds.

In this Feb. 27, 2020, file photo, the DoorDash app is shown on a smartphone in New York. DoorDash is cutting more than 1,200 corporate jobs, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.

DoorDash cuts 1,250 jobs after pandemic hiring surge

2:29am December 01, 2022

by The Associated Press

The decision by the online food delivery platform to eliminate about 6% of its workforce is the latest of several companies to recently announce job cuts recently, including Twitter and Amazon.

In an aerial view, freight rail cars sit in a rail yard near shipping containers on Nov. 22 in Wilmington, Calif.

The House has voted to avert a rail strike. Now the bill heads to the Senate

10:51pm November 30, 2022

by Ximena Bustillo

The House cleared an effort that would force unions to accept the tentative agreement between railroad managers and their workers, and make a potential imminent strike illegal.

Economy

The Fed continues raising interest rates to fight inflation

4:43pm November 30, 2022

by Scott Horsley

Federal Reserve Chairman Jerome Powell spoke about the economy and job market Wednesday. The Fed has been raising interest rates to fight inflation, but critics say this could push some out of work.

President Joe Biden meets with congressional leaders to discuss legislative priorities for the rest of the year on Tuesday at the White House in Washington. From left: House Minority Leader Kevin McCarthy, Senate Majority Leader Chuck Schumer, Biden, House Speaker Nancy Pelosi, and Senate Minority Leader Mitch McConnell.

Biden urges Congress to avert a rail strike

1:59pm November 29, 2022

by Washington Desk

President Biden warned that congressional action was likely needed to avert a rail strike. His remarks came as bipartisan House and Senate leaders met to talk about legislative priorities.

Who is to blame for inflation? Some say greedy corporations are the culprits.

The mystery of rising prices. Are greedy corporations to blame for inflation?

11:16am November 29, 2022

by Stacey Vanek Smith

Inflation has been pushing prices up all year, but economists and politicians don't agree on where it's coming from.

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Economy

United Furniture closing hits Triad workforce

4:52pm November 28, 2022

by Paul Garber

United Furniture Industries has laid off its entire workforce, affecting people at six North Carolina facilities including Winston-Salem.

Tenant activists from around the country rally outside the White House on Nov. 16 in Washington, D.C. They want the Biden administration to regulate rent increases on federally backed housing.

Rent control expands as tenants struggle with the record-high cost of housing

3:31pm November 28, 2022

by Jennifer Ludden

Voters in several cities approved ballot measures to cap rents, part of a larger resurgence of rent control. Economists warn that such caps can actually reduce affordable housing overall.

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