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Business and Economic News

Fed's Powell tests positive for COVID, has 'mild' symptoms

Fed's Powell tests positive for COVID, has 'mild' symptoms

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing “mild symptoms,” the Federal Reserve announced. Powell is “up to date” with all COVID-19 vaccines and boosters, the Fed said, and is working from home.
by The Associated Press

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4 ways around a debt ceiling crisis — and why they might not work

4 ways around a debt ceiling crisis — and why they might not work

From an obscure congressional maneuver to a trillion-dollar coin, there are many ideas out there to help the U.S. can avoid debt default but they are untested and have major potential problems
by Danielle Kurtzleben

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Here's what's at stake in Elon Musk's Tesla tweet trial

Here's what's at stake in Elon Musk's Tesla tweet trial

In 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
by Emily Olson

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'Not sustainable': Jails struggle with worker shortage

'Not sustainable': Jails struggle with worker shortage

Jails around Minnesota are struggling to hire and retain staff. Administrators say they're trying to adapt to a changing workforce, but they don’t see a quick or easy solution.
by Dan Gunderson

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Tesla slashes prices across all its models in a bid to boost sales

Tesla slashes prices across all its models in a bid to boost sales

The price cuts will make Tesla more competitive and will also mean the base model of the Model Y, the best-selling electric vehicle in America, could qualify for a revamped federal tax credit.
by Camila Domonoske

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