Category Archives: Business
Congress plans fixes for US military’s AWOL weapons problems
Congress is set to force America’s armed services to keep better track of their guns and explosives, imposing new rules in response to an Associated Press investigation that showed firearms stolen from U.S. bases have resurfaced in violent crimes.
150 people arrested in US-Europe darknet drug probe
WASHINGTON (AP) — Law enforcement officials in the U.S. and Europe have arrested 150 people and seized more than $31 million in an international drug trafficking investigation stemming from sales on the darknet, the Justice Department said Tuesday.
UK budget to mark shift away from pandemic firefighting
LONDON (AP) — Britain has experienced a series of shortages these past few months, from a lack of fuel at gas stations to not enough workers picking the fall harvest, but Treasury chief Rishi Sunak is unlikely to dwell on
EU ministers debate how to tackle rising energy costs
BRUSSELS (AP) — European Union ministers on Tuesday held emergency talks focused on energy that did not produce immediate results amid deep divergences between the 27 member countries on how to tackle a crunch that has seen consumers' bills skyrocket
Senators put YouTube, TikTok, Snap on defensive on kids’ use
WASHINGTON (AP) — Senators put executives from YouTube, TikTok and Snapchat on the defensive Tuesday, questioning them about what they’re doing to ensure young users’ safety on their platforms.
Half its original size, Biden’s big plan in race to finish
WASHINGTON (AP) — Half its original size, President Joe Biden's big domestic policy plan is being pulled apart and reconfigured as Democrats edge closer to satisfying their most reluctant colleagues and finishing what's now about a $1.75 trillion pack...
Treasury claims rental assistance helped stop eviction wave
WASHINGTON (AP) — The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in people being turned out of their homes despite the expiration of the federal eviction moratorium, the Bi...
EXPLAINER: What’s a ‘wealth tax’ and how would it work?
To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires.
Parents are gifting increasingly large sums of money for kids’ down payments: CIBC
A new report shows parents are giving increasingly large financial gifts so their kids can afford down payments in Canada’s hot housing market. The report by CIBC deputy chief economist Benjamin Tal found the average gift for first time homebuyers rose...
Treasury Department names first counselor for racial equity
NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries.
