Jan 31 Stocks rise on Wall Street following signs of easing inflation By Stan Choe, Associated Press Stocks are ticking higher on Wall Street Tuesday ahead of what many investors hope will be one of the Federal Reserve’s last economy-shaking hikes to interest rates for a while. Continue reading
Jan 31 Europe shows slight economic growth in final quarter of 2022 By David McHugh, Associated Press Europe’s economy scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants. Continue reading
Jan 31 IMF increases expected growth for the global economy in 2023 By Paul Wiseman, Associated Press The IMF, a 190-country lending organization, foresees inflation easing this year, a result of aggressive interest rate hikes by the Federal Reserve and other major central banks. Continue reading
Jan 31 U.S. wage growth slowed in the last quarter of 2022 By Christopher Rugaber, Associated Press Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022 which could help reassure the Federal Reserve that wage gains won't fuel higher inflation. Continue reading
Jan 30 Treasury Department to increase borrowing amid debt ceiling standoff By Fatima Hussein, Associated Press The move highlights the ongoing debate over federal spending that has overtaken Washington, as the U.S. government is on track to max out on its $31.4 trillion statutory borrowing authority — also known as the debt ceiling. Continue reading
Jan 30 Former Twitter executives to testify on company's handling of Hunter Biden story By Farnoush Amiri, Associated Press It will be the first time the three former executives will speak publicly about the company's decision to block a New York Post article on Hunter Biden's laptop in the weeks before the 2020 election. Continue reading
Jan 30 Watch 6:38 What's causing the price of eggs to skyrocket nationwide? By Paul Solman, Diane Lincoln Estes Prices at the grocery store have risen for many foods, but the cost of eggs climbed the most in the last year and consumers have scrambled to keep up. What's behind so-called Eggflation? Economics correspondent Paul Solman takes a look. Continue watching
Jan 30 France braces for major transportation woes amid continued pension strikes By Associated Press Labor unions mobilized massive street protests in an initial salvo of nationwide strikes earlier this month. They're hoping for similar success Tuesday to maintain pressure on government plans to raise France's retirement age. Continue reading
Jan 30 Germany pledges $222 million for environmental projects in Brazil By Fabiano Maisonnave, Associated Press Germany announced on Monday that it would make 204 million euros ($222 million) available for environmental policies in Brazil. Continue reading
Jan 30 Federal Reserve prepares for smaller hike, but may hint of fewer increases By Christopher Rugaber, Associated Press The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second straight time, and it could change some key wording… Continue reading