[ad_1] CNN — Senate GOP leader Mitch McConnell has engineered ways out of a devastating debt default in the past. This time may be different – at least for now. Facing the riskiest debt ceiling standoff in a dozen years, Senate Republican leaders are planning to take a backseat role …
Read More »Pandemic unemployment benefits fraud likely tops $60 billing. House GOP to start investigating next week
[ad_1] CNN — More than $60 billion may have been paid out in fraudulent unemployment insurance benefits during the Covid-19 pandemic, according to a report released Monday by the US Government Accountability Office. The watchdog agency, however, warned that the estimate has limitations and should be interpreted with caution. The …
Read More »Gautam Adani, Asia’s richest man, is addicted to ChatGPT
[ad_1] New Delhi CNN — Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an eerily convincing and conversational way. In a LinkedIn post last week, the 60-year-old India tycoon said that the release of ChatGPT was a …
Read More »How the blare of a crypto mine woke up this Blue Ridge Mountain town
[ad_1] Murphy, North Carolina CNN — When Judy Stines first heard about cryptocurrency, “I always thought it was smoke and mirrors,” she said. “But if that’s what you want to invest in, you do you.” But then she heard the sound of crypto, a noise that neighbor Mike Lugiewicz describes …
Read More »Virginia school district under investigation for alleged violation of human rights act
[ad_1] CNN — Multiple schools in Fairfax County, Virginia, are under investigation after allegedly failing to give students their National Merit Scholarship recognition in a timely manner, before many students submitted college applications. State Attorney General Jason Miyares launched the investigation on January 4 against Thomas Jefferson High School for …
Read More »Bank earnings fail to impress investors as recession worries rise
[ad_1] New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …
Read More »Wells Fargo is retreating from the mortgage market it once led
[ad_1] New York CNN — Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and minority homebuyers instead of acquiring new customers. Wells …
Read More »California storm: 90% of residents are under flood watches as another storm threatens mudslides, power outages and deadly inundation
[ad_1] CNN — Much of California can’t soak up another drop of rain. Yet the state is getting pummeled again with torrential downpours and ferocious winds, causing power outages and treacherous travel conditions. More than 34 million Californians were under a flood watch Monday – about 90% of the state’s …
Read More »Medicare enrollees won’t pay more than $35 a month for insulin as new drug provisions kick in
[ad_1] CNN — Senior citizens and other Medicare enrollees can now get a break on the cost of their insulin. They won’t pay more than $35 a month for each insulin prescription that’s covered by their Medicare Part D plan. And they won’t be subject to a deductible for insulin. …
Read More »Mortgage rates start 2023 twice as high as they were a year ago
[ad_1] Washington, DC CNN — Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42% the week before, according to Freddie Mac. A year …
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