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Finance News

October 22, 2021

Free community college expected to be cut from spending bill

President Joe Biden's long-sought goal of free community college appears to be a victim of cost-cutting in his social ...

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October 22, 2021

Chinese tax agency investigating high-profile developer

The Chinese government said Friday it is investigating possible tax evasion by a subsidiary of high-profile real estate ...

October 21, 2021

Inflation, Fed action set stage for higher mortgage rates

Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of ...

October 21, 2021

US unemployment claims fall to new pandemic low of 290,000

The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, ...

October 20, 2021

Bitcoin tops $66,000, sets record as crypto goes mainstream

Bitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial ...

October 15, 2021

US to restore full pension of FBI official fired under Trump

Former FBI Deputy Director Andrew McCabe has won back his full pension as part of a settlement of his lawsuit arising from ...

October 13, 2021

Social Security checks getting big boost as inflation rises

Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in ...

October 13, 2021

Fed officials: Bond purchases could end by middle of 2022

Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing ...

October 12, 2021

Activists seek legal marijuana in former hippie haven Nepal

Widely available marijuana once drew thousands of hippies to Nepal, where its use was not only accepted but embedded in both ...

October 08, 2021

What Peace Prize says about freedom in Russia, Philippines

The Nobel Peace Prize sometimes recognizes groundbreaking efforts to resolve seemingly intractable conflicts, such as ...

October 07, 2021

Australia wants Facebook held liable for anonymous comments

Australia’s prime minister on Thursday described social media as a “coward’s palace” and warned that digital platforms ...

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October 06, 2021

Poland raises interest rates, seeking to tame inflation

Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating ...

October 06, 2021

Facebook whistleblower testifies: Five highlights

A former Facebook employee told members of Congress Tuesday that the company knows that its platform spreads misinformation ...

October 06, 2021

Troubled student loan forgiveness program gets an overhaul

The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized ...

October 06, 2021

Germany expands pensions to more Holocaust survivors

The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed ...

October 04, 2021

Pandora Papers leak prompts calls for action in Asia

Malaysia's main opposition leader called Monday for information found in the Pandora Papers data leak to be discussed in ...

October 04, 2021

Indian town on edge after 9 die during farm protest

Indian authorities suspended internet services and barred political leaders from entering a northern town Monday to calm ...

October 01, 2021

Ban on 'surprise' medical bills on track for Jan. 1 rollout

The Biden administration on Thursday put final touches on consumer protections against so-called “surprise” medical bills.

September 30, 2021

Boy Scouts bankruptcy plan set for vote by abuse claimants

More than a year and a half after the Boy Scouts of America sought bankruptcy protection amid an onslaught of child sex abuse ...

September 30, 2021

Powell sees inflation cooling, evading 'difficult situation'

Federal Reserve Chair Jerome Powell said Thursday that current high levels of inflation are likely to fade next year and ...

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