Feb 07 Powell predicts ‘significant’ inflation drop but job market strength means more rate hikes By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Tuesday that last week's blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a "significant decline" in inflation this year. Continue reading
Feb 06 Watch 2:46 News Wrap: Russian forces pressure eastern Ukraine, possibly building new offensive In our news wrap Monday, Russian forces kept up pressure in eastern Ukraine possibly building toward a new offensive, Israeli forces killed five Palestinian gunmen in the latest raid on the occupied West Bank, tens of thousands of nurses and… Continue watching
Feb 06 UK nurses, ambulance crews strike amid rising costs By Jill Lawless, Associated Press Tens of thousands of nurses and ambulance staff are walking off the job in the U.K. in what unions called the biggest strike in the history of the country's public health system. Continue reading
Feb 05 Biden’s State of the Union address to highlight efforts on economy By Zeke Miller, Seung Min Kim, Associated Press Biden’s remarks from the House rostrum will take place in a sharply different context from a year ago. Republicans now control the chamber, rendering it unlikely that any significant legislation reaches Biden’s desk. Continue reading
Feb 05 Political turmoil in Peru threatens decades of relative financial stability By Joshua Goodman, Associated Press The violence following President Pedro Castillo’s Dec. 7 impeachment and arrest has revived class and racial divisions and has many Peruvians wondering whether the country's long period of uneasy economic stability has run its course. Continue reading
Feb 04 Ahead of State of the Union, Biden’s economic optimism not shared by GOP By Josh Boak, Associated Press President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. Continue reading
Feb 03 Jury clears Elon Musk of wrongdoing for 2018 Tesla tweets By Michael Liedtke, Associated Press The trial pitted Tesla investors represented in a class-action lawsuit against Musk, who is CEO of both the electric automaker and the Twitter service he bought for for $44 billion a few months ago. Continue reading
Feb 03 U.S. sees unexpected surge in hiring with 517,000 jobs added in January despite Fed hikes By Paul Wiseman, Associated Press America's employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates. Continue reading
Feb 02 Watch 5:44 News Wrap: At least 10 dead after winter storm sweeps across the South In our news wrap Thursday, the South is finally expecting relief after an ice storm that's disrupted travel and claimed at least 10 lives this week, House Republicans voted to oust Democratic Congresswoman Ilhan Omar from the Foreign Affairs Committee… Continue watching
Feb 02 Problems mount in U.K. as Sunak hits 100th day as prime minister By Jill Lawless, Associated Press U.K. Prime Minister Rishi Sunak has angry unions to the left of him, anxious Conservative Party lawmakers to the right and, in the middle, millions of voters he must win over to avert electoral defeat. Continue reading