Jun 14 Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year By Christopher Rugaber, Associated Press The Fed's move to leave its benchmark rate at about 5.1 percent, its highest level in 16 years, suggests that it believes the much higher borrowing rates it's engineered have made some progress in taming inflation. Continue reading
Jun 14 Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix By Victoria Milko, Associated Press Experts say the plan will aid the country's transition toward renewable energy and provides more clarity for businesses looking to invest in Vietnam's energy market. Continue reading
Jun 14 Fox News says it ‘addressed’ onscreen caption calling Biden a ‘wannabe dictator’ By David Bauder, Associated Press Fox said in a statement Wednesday that “the chyron was taken down immediately and was addressed.” The website Mediaite reported that the message was onscreen for 27 seconds. It was also not removed when the telecast was rerun late at… Continue reading
Jun 14 European Commission charges Google with antitrust violations, says it must break up digital ad business By Kelvin Chan, Samuel Petrequin, Associated Press The unprecedented decision Wednesday to push for such a breakup marks a significant escalation by Brussels in its crackdown on Silicon Valley digital giants. Continue reading
Jun 14 WATCH: Fed Chair Powell announces interest rates will remain unchanged as inflation eases By Christopher Rugaber, Associated Press The Fed’s move to leave its benchmark rate at about 5.1 percent, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation. Continue reading
Jun 13 Amazon cloud service outage causes some websites to go dark By Associated Press Amazon’s cloud computing unit, Amazon Web Services, is experiencing an outage affecting publishers who suddenly found themselves unable to operate their sites as former President Donald Trump was appearing in court in Miami. Continue reading
Jun 13 U.S. consumer price growth slowed in May, though some inflation measures stayed high By Christopher Rugaber, Associated Press The pullback was driven by tumbling gas prices, a much smaller rise in grocery prices than in previous months and less expensive furniture, air fares and appliances. Continue reading
Jun 12 Watch 6:56 Extreme weather causes major insurance providers to pull coverage in California By William Brangham, Shoshana Dubnow For years, State Farm has been the largest provider of homeowners insurance in California. But the company recently announced it will no longer sell new homeowners policies in the state, a move it said was driven by the high cost… Continue watching
Jun 12 Youth go to trial in a test of state’s obligation to protect Montana residents from global warming By Amy Beth Hanson, Matthew Brown, Associated Press The 16 young plaintiffs and their attorneys are trying to persuade a judge that the state's allegiance to fossil fuel development endangers the young people's health and livelihoods and those of future generations. Continue reading
Jun 09 Oregon looks to crack down on illegal pot growers by holding landowners responsible By Andrew Selsky, Associated Press Oregon has long been known as a mecca for high-quality marijuana, but that reputation has come with a downside. Illegal growers offer huge amounts of cash to lease or buy land and then leave behind pollution, garbage and a drained… Continue reading