Latest from Associated Press

• Jul 25, 2023

  UPS reaches contract with 340,000 unionized workers, averting potentially calamitous strike

  

  The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.

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• Jun 30, 2023

  Supreme Court rejects Biden’s plan to forgive $400 billion in student loans

  

  The 6-3 decision leaves borrowers on the hook for repayments set to resume in late summer.

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• Jun 21, 2023

  FTC sues Amazon over “manipulative” Amazon Prime enrollment and cancellation tactics

  

  The FTC also alleged that Amazon’s leadership slowed or rejected changes that made canceling the Amazon Prime subscription easier.

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• Jun 14, 2023

  Fed pauses rate hikes, hints at 2 more potential increases this year

  

  For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.

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• May 26, 2023

  Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says

  

  Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.

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• May 3, 2023

  Fed raises key interest rate but hints it may pause amid bank turmoil

  

  The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.

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• May 1, 2023

  Yellen: U.S. could hit debt limit as soon as June 1

  

  The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.

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• Mar 22, 2023

  Federal Reserve raises key rate by quarter-point despite bank turmoil

  

  The central bank also signaled that it’s likely nearing the end of its aggressive series of rate hikes.

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• Mar 20, 2023

  In his first veto, President Biden defends Labor Department’s ESG rule

  

  Critics say ESG investments allocate money based on political agendas rather than on earning the best returns for savers.

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• Mar 16, 2023

  Banks working on rescue plan for First Republic, AP sources say

  

  A group of Wall Street banks is planning a rescue package of around $30 billion for First Republic Bank, sources told The Associated Press on Thursday.

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