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
Feb 01 Here's what the Federal Reserve interest rate hike means for you By Cora Lewis, Associated Press The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. Continue reading
Feb 01 Watch 5:48 News Wrap: Fed raises interest rates by quarter point, says more hikes likely In our news wrap Wednesday, the Federal Reserve raised interest rates by just a quarter point and said more hikes are likely, a winter storm disrupted life across the southern U.S. for a third day, the FBI searched President Biden's… Continue watching
Feb 01 Interest rate boosted again by quarter-point as Fed signals more hikes to combat inflation By Christopher Rugaber, Associated Press The central bank’s latest move put its benchmark short-term rate in a range of 4.5 percent to 4.75 percent, its highest level in about 15 years. Continue reading
Feb 01 WATCH: Federal Reserve Chair Jerome Powell gives update after small rate hike By Chris Rugaber, Associated Press The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March. Continue reading
Jan 31 EPA uses rare veto to block Alaska copper, gold mine plan By Becky Bohrer, Patrick Whittle, Associated Press The area supports the world's largest sockeye salmon fishery. Alaskan Native tribes and environmentalists are heralding the move after a long fight against the proposed Pebble Mine. Continue reading
Jan 31 Watch 8:16 Biden's top economic adviser on inflation, interest rates and possible recession By Amna Nawaz We're learning more this week about the strength of the economy and whether high inflation and rising interest rates are pushing it into a recession. The Federal Reserve is expected to raise interest rates by another quarter of a point… Continue watching
Jan 31 Exxon Mobil reached record profits amid high gas prices, war in Ukraine By Cathy Bussewitz, Associated Press The energy giant brought in $55.7 billion in annual profits. Continue reading