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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.

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.

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…

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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.

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.

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.

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.

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.

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.

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.