A new bill that would give marijuana businesses access to banking services is expected to move forward in the Senate.
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Wife of Drug Kingpin 'El Chapo' Gets 3 Years on U.S. Charges
The wife of Mexican drug kingpin Joaquin “El Chapo” Guzman was sentenced Tuesday to three years in prison after pleading guilty to helping her husband run his multibillion-dollar criminal empire.
New Variant Cause for Concern, Not Panic, Biden Tells U.S.
President Joe Biden is urging Americans to get vaccinated, including booster shots, as he seeks to quell concerns over the newly identified coronavirus variant named omicron.
Lawmakers Want to Clarify Who Will Need to Report Crypto Gains to the IRS
The Treasury Department pushed for the requirement to help close the tax gap in the crypto industry by forcing better IRS reporting, but legislators on both sides of the aisle argue that the language is too broad and could curb innovation in the space.
U.S. Jobless Claims Hit 52-Year Low After Seasonal Adjustments
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
FAA Proposes Fines for Alcohol-Related Incidents on Planes
Federal officials said Monday they are seeking more than $160,000 in fines from eight airline passengers over incidents involving alcohol.
Fighting Gas Prices, U.S. to Release 50 Million Barrels of Oil
President Joe Biden is ordering a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs.
El Salvador to Build Cryptocurrency-Fueled 'Bitcoin City'
El Salvador President Nayib Bukele says his government will build an oceanside “Bitcoin City” at the base of a volcano.
Biden to Keep Powell as Fed Chair, Brainard Gets Vice Chair
President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession.
The Week's Top Stories: Biden Bills, Roblox Metaverse, and Retail Resilience
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
