Business

Comptroller of the Currency Joseph Otting, a former bank executive, is testifying before Congress this week about reshaping some banking rules.

Former Banker, Now Regulator, Wants To Allow Banks To Make Payday-Style Loans

2:58pm June 14, 2018

by Chris Arnold

Comptroller of the Currency Joseph Otting is a former bank executive testifying before Congress this week about reshaping some banking rules. He wants big banks to start making small-dollar loans.

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Jes Petersen, CEO of Phandeeyar, a Yangon-based tech hub, speaks to visiting U.S. government officials and civil society activists. Phandeeyar is one of several groups that have pressed Facebook to moderate its Burmese-language content to prevent hate spe

World News

Activists In Myanmar Say Facebook Needs To Do More To Quell Hate Speech

1:46pm June 14, 2018

by Anthony Kuhn

"The risk of Facebook content sparking open violence is arguably nowhere higher right now than in Myanmar," six Myanmar organizations wrote in an open letter to Facebook CEO Mark Zuckerberg in April.

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An artist's rendering shows the design of an "electric skate" vehicle that the Boring Company says could travel up to 150 mph and whisk passengers to and from Chicago's O'Hare Airport in minutes.

National

Elon Musk's Boring Company Will Build High-Speed Train To Chicago's O'Hare Airport

1:45pm June 14, 2018

by Bill Chappell

The train tunnel company will build and operate an "express service to transport people to O'Hare Airport from downtown in 12 minutes," Chicago Mayor Rahm Emanuel says.

Comcast Puts In $65 Billion Bid For 21st Century Fox

7:04pm June 13, 2018

by David Folkenflik

Comcast is offering $65 billion for the major entertainment assets of 21st Century Fox, which is controlled by the Murdoch family. Comcast is hoping to lure the Fox properties away from Disney, with a bid it calls "superior" to Disney's.

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National

Latest Sports Bar Trend Involves Hurling Hatchets At Walls

4:48pm June 13, 2018

by Ann-Elise Henzl

If you've grown tired of bowling, playing pool or throwing darts, how about throwing an axe? A number of indoor facilities, including taverns, are starting to offer the activity. But some observers question the wisdom of letting amateurs hurl axes — especially when alcohol might be involved.

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World News

Louboutin Wins Case To Trademark Signature Red-Soled Shoes

4:27pm June 13, 2018

The European Union's highest court has ruled that designer Christian Louboutin can trademark his company's signature red-soled shoes.

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In this photo made available by the German Federal Government, German Chancellor Angela Merkel, center, speaks with President Trump, seated at right, during the G-7 Leaders Summit in La Malbaie, Quebec, Canada, on Saturday, June 9.

Economy

Dude, Where's My Trade War?

4:04pm June 13, 2018

One way to think of President Trump's trade policy is as a sort of soap opera. Today, we catch you up on the latest dramatic twists and also answer a big, looming question: are we in a trade war?

A pharmacist holds a bottle of OxyContin earlier this year at Daniel's Pharmacy in San Francisco.

Massachusetts Sues OxyContin Maker Purdue Pharma, Saying It 'Peddled Falsehoods'

2:40pm June 13, 2018

by Colin Dwyer

The civil lawsuit is just one of many the opioid drug manufacturer now faces — but the complaint filed Tuesday adds an unusual wrinkle: It also singles out the Sackler family, which owns Purdue.

Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year.

Economy

Fed Raises Interest Rates, Signals 2 More Hikes This Year

2:38pm June 13, 2018

by John Ydstie

The Fed boosted a key interest rate again — its seventh hike since 2015. The move, which was expected, will trigger higher rates on credit cards, home equity lines and other kinds of borrowing.

Politics & Government

On The Verge Of Merge: The AT&T And Time Warner Story

2:29pm June 13, 2018

The AT&T and Time Warner merger was approved by a federal judge Tuesday afternoon.