Money

No deal? A messy Brexit would cost U.K. families $345 a year

UK, EU head to ‘court’ over Brexit Britain needs a new trade deal with the EU. If it fails to secure one as part of divorce talks with Brussels, a study published Tuesday predicts that higher prices will cost British households an extra £260 ($ 345) a year. The study, produced by the U.K. Trade Policy Observatory and the Resolution Foundation, predicts that 3 million of the hardest-hit families will have to fork out over £500 ($ 664). Failing to agree a new trade relationship before leaving the EU in ...

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Facebook acquires beloved teen app 'tbh'

Facebook unveils standalone VR headset, Oculus Go Facebook just nabbed a popular new teen app called tbh. Teens have been flocking to the app — named after the acronym frequently used in texts, “to be honest” — to participate in anonymous polls and give feedback to friends. The app creators control the content of the polls, like “Best person to go on a roadtrip with.” It’s a measure that’s meant to keep the sentiments expressed on the app positive, which is something that other anonymous apps have struggled with. The ...

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California will make one year free at community colleges

How to talk to your kid about paying for college California just became the latest state to reduce the cost of a public college education. Governor Jerry Brown signed a bill Friday that will make one year free for students at the state’s 114 community colleges, so long as they are residents and new students who are enrolled full-time. It follows similar legislation adopted in New York and Rhode Island this year. California has one of the biggest community college systems in the country and it was already one of ...

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Venezuela is blaming Trump for missed debt payments

U.S. sanctions Venezuelan president Venezuela didn’t pay its bills last week. It also owes a lot more money very soon as it spirals further into chaos. The country’s government and its state-run oil company missed five small debt payments last week totaling $ 349 million, according to three experts who closely follow the debt. Delayed payments are becoming increasingly common for the country’s bondholders. But a new excuse is surfacing: President Donald Trump and the financial sanctions his administration imposed on Venezuela in August. The government hasn’t commented on why ...

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Al Michaels apologizes for Harvey Weinstein joke during 'Sunday Night Football'

‘SNL’ takes on Harvey Weinstein NBC sportscaster Al Michaels apologized for making a joke about Harvey Weinstein during “Sunday Night Football.” The New York Giants, who were playing the Denver Broncos, came into the game winless and with a star receiver injured. During the third quarter, Michaels said, “Let’s face it, the Giants are coming off of a worse week than Harvey Weinstein, and they’re up by 14 points.” Cris Collinsworth, Michaels’ partner on the broadcast, chuckled at the line and said, “Only my L.A. guy comes up with that ...

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Misery in Puerto Rico: No power, no job, 'enormous' lines

Trump tweets: ‘We cannot keep FEMA…in P.R. forever!’ Leslie Cofresi started to cry when he saw his staff the day after Hurricane Maria hit Puerto Rico. With no electricity or running water in their own homes, all 25 employees came to help clean up the bar, La Factoria, which was recently named one of the world’s 50 best bars. Located in Old San Juan, La Factoria is also where the music video for the mega hit song “Despacito” was filmed. But nearly a month after Hurricane Maria, Puerto Rico’s most ...

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Drone hits passenger plane in Canada

To fight wayward drones, Dubai’s deploying a drone hunter A drone crashed into a commercial airplane in Canada, the first time such an incident has occurred in the country, the government said Sunday. A plane operated by charter airline Skyjet was approaching Quebec City’s Jean Lesage International Airport on Thursday when a drone struck one of its wings, according to local media reports. There were six passengers and two crew members aboard the plane. “I am extremely relieved that the aircraft only sustained minor damage and was able to land ...

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Colin Kaepernick files grievance, says NFL owners 'punished' him for protesting

NFL ratings are still huge Colin Kaepernick has filed a grievance against the National Football League in which he claims team owners colluded to keep him from being signed. The grievance was filed on Sunday under the league’s Collective Bargaining Agreement, according to a statement from Mark Geragos, Kaepernick’s attorney. Geragos isalso a CNN contributor. The statement said the grievance was filed “only after pursuing every possible avenue with all NFL teams and their executives.” Kaepernick, who is still a free agent, first took a knee during the singing of ...

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Janet Yellen expects healthy inflation to return

Federal Reserve Chair Janet Yellen gave a glimpse Sunday into what she called the most surprising thing about the American economy: the stubbornly low rate of inflation. Speaking to a group of international central bankers in Washington, D.C. on Sunday, Yellen said she doesn’t expect inflation to continue on its recent anemic trend. The talk came at a time of heightened political visibility for Yellen, whose term as chair ends in February. President Trump is said to be considering a nominee among a list of five candidates — Yellen among ...

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Woody Allen says he's sad for everyone in Weinstein scandal

Harvey Weinstein loses another lawyer Woody Allen called the scandal looming over Harvey Weinstein, “very sad for everybody involved.” The disgraced movie mogul is facing dozens of allegations that include sexual assault and rape. In an interview with BBC, Allen called the situation “tragic for the poor women that were involved, sad for Harvey that [his] life is so messed up.” He told the outlet that he’d heard rumors about misconduct by Weinstein, which have swirled around the industry for decades, but he was not aware of the more serious ...

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