May 03 Watch 5:17 Fed raises rates again but signals a future pause amid banking sector uncertainty By Amna Nawaz, Karina Cuevas The Federal Reserve raised interest rates again, its tenth consecutive hike, this time by a quarter of a point. But Chairman Jay Powell also suggested the Fed may pause future hikes if the economy continues to cool. He cited the… Continue watching
May 03 Elon Musk threatens to reassign NPR’s Twitter account ‘to another company’ By Wyatte Grantham-Philips, Associated Press NPR stopped tweeting from its main account after Twitter abruptly labeled NPR's main account as "state-affiliated media" last month, a term that's also been used to identify outlets controlled or heavily influenced by authoritarian governments. Continue reading
May 03 Fed raises interest rate again but hints it may pause due to bank turmoil By Christopher Rugaber, Associated Press The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. Continue reading
May 03 Syrian and Iranian leaders sign long-term oil and trade agreements, bolstering economic ties By Albert Aji, Kareem Chehayeb, Associated Press The presidents of Iran and Syria have signed a series of long-term trade agreements in Damascus to bolster economic ties between the two allies. Continue reading
May 03 WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike By Christopher Rugaber, Associated Press The Fed's efforts have only partly succeeded in taming the worst inflation bout in four decades, and the surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry. Continue reading
May 02 5 things to know about the debt ceiling crunch By Lisa Desjardins A great many words will be said in the coming days about what should happen now after the Treasury Department revised the debt limit deadline. Here's what you should know. Continue reading
May 02 Opponents make last-ditch effort to stop French pension change as protests continue By Sylvie Corbet, Associated Press Opponents of a law that would raise the retirement age in France from 62 to 64 are making last-ditch plans to prevent the change. The country's main labor unions on Tuesday called for another round of nationwide demonstrations and strikes… Continue reading
May 02 U.S. job openings dip to 9.6 million as interest rates cool labor market By Paul Wiseman, Associated Press U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. Continue reading
May 01 Watch 5:38 Economic concerns grow as First Republic Bank becomes 3rd major bank to fail this year By Amna Nawaz, Dorothy Hastings The third major bank failure of the year has shaken the U.S. banking system. Federal regulators announced Monday that they seized First Republic Bank and accepted JPMorgan Chase's bid to buy the failed bank’s deposits and most of its assets. Continue watching
May 01 AP report: Biden calls on congressional leaders to meet on May 9 as debt ceiling fight continues By Josh Boak, Lisa Mascaro, Associated Press President Joe Biden has phoned all four Congressional leaders and invited them to a May 9 meeting at the White House — a sign of the rising pressure to raise the debt cap as the Treasury Department is warning of… Continue reading