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Since mid-summer, the yield on the 10-year Treasury note has steadily climbed, causing a spillover rise in other borrowing costs. The costs of mortgages, auto loans and credit card debt have all risen in response. WASHINGTON (AP) - Surging interest rates are intensifying the challenges for the U.S. The collective impact of higher rates across the economy could also weaken the government´s own finances. The jump in longer-term rates coincides with other threats, from higher gas prices and this week´s resumption of student loan payments to autoworkers´ ongoing strike and the risk of a government shutdown next month.

economy and threatening to derail the Federal Reserve´s drive to tame inflation without causing a deep recession. NEW YORK (AP) - Sam Bankman-Fried authorized the illegal use of FTX customers´ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange´s earliest days, FTX´s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S.

Eventually, the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them any longer, Wang said in his second day of testimony. NEW YORK (AP) - The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million. The Las Vegas-based company´s CEO Bill Hornbuckle says no customer bank account numbers or payment card information was compromised in the incident. But hackers stole other personal information - including names, driver´s license numbers and social security numbers belonging to some customers who did business with MGM prior to March 2019.

The maker of bleach and other household products says the attack has caused large-scale disruption of operations - and predicts a significant fall in sales for the first quarter of 2024. Beyond the casino world, Clorox also disclosed a cyberattack recently. At least 25 million vehicles containing ARC-made air bags could be affected. WASHINGTON (AP) - The U.S. The National Highway Traffic Safety Administration held a public hearing Thursday on air bags made by ARC Automotive of Tennessee.

ARC has refused to issue a full-scale recall, setting the stage for the possible court fight. The company maintains that no safety defect exists. government appears poised to order a recall of millions of air bag inflators due to a manufacturing flaw that could send metal shrapnel rocketing through a car interior. Thursday´s hearing was one of the final steps before the agency can issue a formal recall order and take the case to court for enforcement. If you have any kind of questions pertaining to where and ways to utilize discuss, you can call us at our own page. 'I'm sure it's going to be down to the wire with plenty of drama,' she said.

Pictured with Michael Gruber (L) CCO of The Venetian Resort where Kylie's residency will be located, and Derek McLane (R) who will design the extravaganza WASHINGTON (AP) - An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead.