Wednesday, September 28, 2022
Sept. 28, 2022

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FILE - Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, Calif., on, Oct. 28, 2021. Facebook owner Meta is quietly curtailing some of the safeguards designed to thwart voting misinformation or foreign interference in elections even as the U.S. Midterms approach.

Facebook parent Meta, Jabil recruiting in Vancouver for virtual reality jobs

FILE - Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, Calif., on, Oct. 28, 2021. Facebook owner Meta is quietly curtailing some of the safeguards designed to thwart voting misinformation or foreign interference in elections even as the U.S. Midterms approach.

September 23, 2022, 6:04am Business

Virtual and augmented reality may be the future, but it’s also the present in Clark County. Read story

Boeing will pay $200 million to settle charges with SEC

September 22, 2022, 3:27pm Business

Boeing Co. will pay $200 million to settle allegations that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. Read story

George Naylor looks over organic apples grown on his farm, Tuesday, Sept. 13, 2022, near Churdan, Iowa. Naylor, along with his wife Patti, began the transition to organic crops in 2014. The demand for organics has increased so fast that the U.S. Department of Agriculture last month committed up to $300 million to help farmers switch from conventional crops.

More consumers buying organic, but U.S. farmers still wary

George Naylor looks over organic apples grown on his farm, Tuesday, Sept. 13, 2022, near Churdan, Iowa. Naylor, along with his wife Patti, began the transition to organic crops in 2014. The demand for organics has increased so fast that the U.S. Department of Agriculture last month committed up to $300 million to help farmers switch from conventional crops.

September 22, 2022, 3:00pm Business

In the 1970s when George Naylor said he wanted to grow organic crops, the idea didn't go over well. Read story

A man bikes past the New York Stock Exchange, Wednesday, Sept. 21, 2022, in New York. Stocks are off to a modestly higher start on Wall Street ahead of a widely expected interest rate increase by the Federal Reserve. The S&P 500 was up half a percent in the early going Wednesday, as was the Dow Jones Industrial Average.

Wall Street ends lower as global central banks raise rates

A man bikes past the New York Stock Exchange, Wednesday, Sept. 21, 2022, in New York. Stocks are off to a modestly higher start on Wall Street ahead of a widely expected interest rate increase by the Federal Reserve. The S&P 500 was up half a percent in the early going Wednesday, as was the Dow Jones Industrial Average.

September 22, 2022, 2:20pm Business

Stocks fell again Thursday, deepening Wall Street's losses for the week, as central banks around the world hiked interest rates to fight inflation. Read story

FILE - A sign is displayed outside a home in Wheeling, Ill., May 5, 2022. Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. Mortgage buyer Freddie Mac reported Thursday, Sept. 15, 2022 that the 30-year rate rose to 6.02% from 5.89% last week. (AP Photo/Nam Y.

Average U.S. long-term mortgage rates climb to 6.29% this week

FILE - A sign is displayed outside a home in Wheeling, Ill., May 5, 2022. Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. Mortgage buyer Freddie Mac reported Thursday, Sept. 15, 2022 that the 30-year rate rose to 6.02% from 5.89% last week. (AP Photo/Nam Y.

September 22, 2022, 1:24pm Business

Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy. Read story

FTC says Bezos, Jassy must testify in probe of Amazon Prime

September 22, 2022, 1:23pm Business

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime, rejecting the company’s complaint that the executives are being unfairly harassed in the probe of the popular streaming and shopping service. Read story

FILE - Inter-American Development Bank, IDB, President Mauricio Claver-Carone, speaks to the press in La Paz, Bolivia, Jan. 15, 2020.  An investigation into the former Trump official who heads Latin America's biggest development bank found evidence that he carried on a romantic relationship with his chief of staff.  The Associated Press obtained a confidential report by a law firm hired by the Inter-American Development Bank's board triggered by an anonymous complaint of misconduct against its president, Mauricio Claver-Carone.

AP: Probe finds evidence of bank boss’ romance with top aide

FILE - Inter-American Development Bank, IDB, President Mauricio Claver-Carone, speaks to the press in La Paz, Bolivia, Jan. 15, 2020.  An investigation into the former Trump official who heads Latin America's biggest development bank found evidence that he carried on a romantic relationship with his chief of staff.  The Associated Press obtained a confidential report by a law firm hired by the Inter-American Development Bank's board triggered by an anonymous complaint of misconduct against its president, Mauricio Claver-Carone.

September 22, 2022, 9:53am Business

Investigators say they found evidence a former Trump official who heads Latin America’s biggest development bank carried on a romantic relationship with his chief of staff — a bond they allegedly forged in a pact scribbled on the back of a restaurant place mat: “We deserve absolute happiness.” Read story

Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022, at the Federal Reserve Board Building, in Washington. Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.

Powell’s stark message: Inflation fight may cause recession

Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022, at the Federal Reserve Board Building, in Washington. Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.

September 22, 2022, 9:35am Business

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Read story