UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases
UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession
2023-08-15 03:18
Biden says auto workers need "good jobs that can support a family" in union talks with carmakers
President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles
2023-08-15 00:48
Ford lures Apple executive to oversee its new software subscription services unit
Ford has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners
2023-08-15 00:24
Russia's currency hits the lowest level since the early weeks of the war in Ukraine
The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports
2023-08-14 21:50
South Africa's unemployment is a 'ticking time bomb.' Anger rises with millions jobless
South Africa's official unemployment rate of 33% is the highest in the world, outstripping those of Gaza and the West Bank, Djibouti and Kosovo
2023-08-14 15:50
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again
2023-08-14 13:47
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Illinois Gov. J.B. Pritzker has signed a law banning firearms advertising that officials determine produces a public safety threat or appeals to children, militants or others who might later use the weapons illegally
2023-08-13 23:58
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
White House officials concerned about AI chatbots' potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday at the DefCon hacker convention in Las Vegas
2023-08-13 22:26
Three ways Covid changed the restaurant industry
In March 2020, many US restaurants had to shut their doors during the early days of the Covid pandemic in accordance with local restrictions. Now, over three years later, the restaurant industry is back. But the pandemic ushered in some changes that are here to stay.
2023-08-13 21:45
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
The White House is taking on “junk fees,” those extra charges tacked on to plane tickets, hotel rooms, hospital bills and more
2023-08-13 19:46
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Even President Joe Biden has some regrets about the name of the Inflation Reduction Act
2023-08-13 19:22
Lahaina residents worry a rebuilt Maui town could slip into the hands of affluent outsiders
The cost to live in Lahaina on the Hawaiian island of Maui keeps rising thanks to a chronic housing shortage and an influx of second-home buyers and wealthy transplants snatching up properties
2023-08-13 14:18