Mar 08 Powell says ‘no decision’ on the Federal Reserve’s next move on interest rates By Christopher Rugaber, Associated Press Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation. Continue reading
Mar 08 Xi accuses U.S. of attempting to block China’s development By Joe McDonald, Associated Press Is the United States out to sabotage China? Chinese leaders think so. President Xi Jinping accused Washington this week of trying to isolate his country and hold back its development. Continue reading
Mar 07 Watch 5:02 News Wrap: Fed indicates robust economy, inflation could drive more rate hikes In our news wrap Tuesday, Federal Reserve chair Jerome Powell said high inflation and a robust economy may mean more interest rate hikes, Mexican officials confirmed two kidnapped Americans have been found dead, President Biden proposed raising taxes on those… Continue watching
Mar 07 Starbucks interim CEO Howard Schultz agrees to testify before Senate committee By Dee-Ann Durbin, Associated Press Howard Schultz has agreed to appear before a U.S. Senate committee that is examining Starbucks' actions amid an ongoing unionization campaign. Continue reading
Mar 07 WATCH: Fed Chair Jerome Powell says increased rate hikes may continue if economy stays strong By Christopher Rugaber, Associated Press The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a… Continue reading
Mar 06 Lebanon leans on U.S. dollar as economy tanks By Kareem Chehayeb, Associated Press The Lebanese pound has lost as much as 98 percent in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what's seen as a nearly useless currency. Continue reading
Mar 06 Watch 5:18 News Wrap: California residents reeling as another winter storm approaches In our news wrap Monday, California residents are recovering from winter storms with more snow expected, the UN warns of funding shortages after earthquakes in Turkey and Syria, Ukraine holds out against a Russian attack, more than 20 people in… Continue watching
Mar 06 On Twitter, thousands of pro-Trump bots are attacking DeSantis, Haley By David Klepper, Associated Press Researchers have uncovered a network of tens of thousands of fake Twitter accounts created to support former President Donald Trump and attack his critics and potential rivals. Continue reading
Mar 06 In ‘junk fee’ fight, U.S. releases data that shows which airlines won’t charge extra for family seating By Associated Press The Transportation Department is rolling out a “dashboard” to let travelers see at a glance which airlines help families with young children sit together at no extra cost. Continue reading
Mar 06 Unions vow to shut down France’s economy amid pension battle By Angela Charlton, Sylvie Corbet, Associated Press Unions are threatening to shut down France's economy this week in what they hope is their toughest riposte yet to President Emmanuel Macron's plan to raise the retirement age. Continue reading