Business

National

Will electric pickup trucks get rural America to switch from gas to electric?

5:03am April 13, 2022

by Elizabeth Rembert

The electric Ford F-150 Lightning rolls off the assembly line this spring. But will rural Americans, who make up an important demographic for the company and the future of EVs, make the switch?

A man walks past a currency exchange office in central Moscow on Feb. 28. The U.S. and its allies have imposed severe economic sanctions on Russia since its invasion of Ukraine.

3 things to know as Russia heads to a historic debt default

6:26pm April 12, 2022

by David Gura

Events over the past week have brought Russia precariously close to its first default on foreign debt since the Bolshevik Revolution over a century ago.

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Credit bureau TransUnion used digital tricks known as "dark patterns," such as putting information in low-contrast fine print and in an image that took longer to load than the rest of the webpage, government officials say.

National

Credit firm TransUnion used deceptive marketing and 'dark patterns,' lawsuit alleges

5:12pm April 12, 2022

by Joe Hernandez

TransUnion used digital tricks called "dark patterns," such as putting information in low-contrast fine print and in an image that took longer to load than the rest of the webpage, regulators say.

Set of golf clubs once used by Tiger Woods sells for record amount

4:55pm April 12, 2022

A set of golf clubs allegedly used by Tiger Woods to win four of his 15 major championships sold for over $5 million.

'Pandemic, Inc.' author says financial predators made more than $1 billion off COVID

12:59pm April 12, 2022

by Dave Davies

In his new book, ProPublica reporter J. David McSwane says a shocking number of companies that received funds at the beginning of the pandemic to distribute protective gear had no experience doing so.

A shopper walks through a grocery store in Washington, D.C, on March 13. Surging inflation poses a particular challenge for working-class families, impacting the cost of basic necessities such as groceries.

Economy

How soaring inflation forces stark choices

10:21am April 12, 2022

by Scott Horsley

Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.

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A man waves a Sri Lankan national flag as he stands on a barricade blocking the entrance to president's office during a protest in Colombo, Sri Lanka on Monday.

World News

Sri Lanka is suspending payments on its foreign debt as its economic crisis worsens

8:29am April 12, 2022

by The Associated Press

Sri Lanka is suspending payments on bonds and government-to-government borrowings, pending the completion of a loan restructuring program with the International Monetary Fund.

Economy

Evictions are headed back to pre-pandemic levels just as rents are spiking

7:55am April 12, 2022

by Camila Vallejo

Rents are skyrocketing and eviction moratoriums are ending. The story of one evicted family in Connecticut could foreshadow what's ahead for vulnerable communities.

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Economy

News brief: Inflation data, U.S.-India summit, Elon Musk and Twitter

6:31am April 12, 2022

Inflation, at a four-decade high, could go higher. U.S. officials met with their Indian counterparts about Russia. Elon Musk, Twitter's largest shareholder, could become an activist investor.

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Elon Musk is a vocal Twitter user with more than 80 million followers.

National

Will Elon Musk turn activist at Twitter?

6:30am April 12, 2022

by Paddy Hirsch

Musk is now Twitter's largest shareholder. That gives him a legal right to coerce and cajole and persuade and shout about what the company does.