U.S. reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
PBS NewsHour » Economy
by Joshua Goodman, Associated Press, Regina Garcia Cano, Associated Press
1d ago
In October, the U.S. granted Maduro's government relief from sanctions on its state-run oil, gas and mining sectors after it agreed to work with members of the opposition to hold a free and competitive election this year ..read more
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NBA bans Jontay Porter after gambling probe shows he shared information, bet on games
PBS NewsHour » Economy
by Tim Reynolds, Associated Press
1d ago
The NBA has banned Toronto two-way player Jontay Porter after a league probe found he disclosed confidential information to sports bettors and bet on games ..read more
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Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge
PBS NewsHour » Economy
by Tom Krisher, Associated Press, Michelle Chapman, Associated Press
1d ago
In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla's board of directors that is potentially worth more than $56 billion ..read more
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U.S. court rejects a request by tribes to block $10 billion energy transmission project in Arizona
PBS NewsHour » Economy
by Susan Montoya Bryan, Associated Press
1d ago
Critics had accused the U.S. Interior Department and Bureau of Land Management of failing to recognize the cultural significance of the San Pedro Valley to several Native American tribes ..read more
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IMF says outlook for world economy is brighter but still modest by historical standards
PBS NewsHour » Economy
by Paul Wiseman, Associated Press
2d ago
The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a "soft landing" -- reining in inflation without much economic pain and producing steady if modest growth ..read more
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House panel says China subsidizes fentanyl production to fuel crisis in the U.S.
PBS NewsHour » Economy
by Kevin Freking, Associated Press
2d ago
A report released Tuesday by a House select committee says China is directly subsidizing the manufacturing of materials used by drug traffickers to make fentanyl outside the country ..read more
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Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell
PBS NewsHour » Economy
by Christopher Rugaber, Associated Press
2d ago
"Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," Powell said during a panel discussion ..read more
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Yellen warns of more sanctions in response to Iran's increasing activity
PBS NewsHour » Economy
by Fatima Hussein, Associated Press
2d ago
"Treasury will not hesitate to work with our allies to use our sanctions authority to continue disrupting the Iranian regime's malign and destabilizing activity," she said. "I fully expect we will take additional sanctions actions against Iran in the coming days ..read more
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Tesla reportedly to lay off a tenth of its workforce after dismal first-quarter sales
PBS NewsHour » Economy
by Associated Press
3d ago
The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year. Shares of Tesla fell nearly 3% in Monday morning trading after the news broke ..read more
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Extreme drought plunges millions in southern Africa into hunger crisis
PBS NewsHour » Economy
by Ali Rogin, Andrew Corkery
4d ago
A devastating drought induced by El Nino has scorched crops and left millions hungry in southern Africa. As aid groups face budget cuts and broaden their operations to other conflicts, the region's crisis is expected to worsen. Ali Rogin speaks with Zimbabwe-based journalist Tendai Marima to learn more ..read more
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