Sep 19 For fishermen in Louisiana, a livelihood lost after Hurricane Ida By Roby Chavez One year after Hurricane Ida capsized boats and shredded docks, marinas, restaurants, and icehouses in Lafitte, Louisiana, and the surrounding villages, the recovery continues. Continue reading
Sep 19 Interest rates likely to increase as Fed signals more hikes ahead By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain."… Continue reading
Sep 16 Watch 3:39 News Wrap: Biden meets with families of Americans jailed in Russia In our news wrap Friday, President Biden met with relatives of Brittney Griner and Paul Whelan, two Americans jailed in Russia. In Pakistan, officials say floodwaters are now rapidly receding in the hard-hit Sindh province. Plus, the line in London… Continue watching
Sep 16 Treasury recommends exploring creation of a digital dollar by central bank By Fatima Hussein, Associated Press The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Continue reading
Sep 16 Most Americans say they cut back on recent spending as prices rose By Hannah Grabenstein Among U.S. adults, 45 percent say their finances haven’t really changed, and another 18 percent said their situation actually improved compared to last year. But 37 percent said they have taken a hit. Continue reading
Sep 15 Watch 4:16 News Wrap: Boil water notice lifted in Jackson, Miss., mortgage rates top 6% In our news wrap Thursday, a boil-water notice in Jackson, Mississippi has been after nearly seven weeks, mortgage rates in America rose above 6% for the first time since the 2008 financial crisis, mourners pay their respects to the late… Continue watching
Sep 15 Watch 7:23 Railroads and unions agree to deal, avoiding a potentially catastrophic shutdown By Amna Nawaz Railroads and labor unions reached a tentative agreement Thursday preventing a strike that would have made supply chain issues even worse. The five-year deal includes raises for workers and addresses union concerns about working conditions, time off and schedules. Secretary… Continue watching
Sep 15 Retail sales climb 0.3 percent in Aug. from July, even as inflation remains high By Anne D'Innocenzio U.S. retail sales rose an unexpected 0.3 percent last month after falling 0.4 percent in July, the Commerce Department said Thursday. Excluding business at gas stations, sales rose 0.8 percent. Continue reading
Sep 15 Tentative railway labor deal to avert strike, Biden says By Josh Boak, Zeke Miller, Associated Press Amtrak said it was working to restore canceled trains now that tentative union deal is in place that avoids a strike. Continue reading
Sep 14 Watch 5:37 News Wrap: Unions and railroads continue negotiations ahead of strike deadline In our news wrap Wednesday, unions and some of the largest freight railroads are still negotiating with a strike deadline fast approaching, the war in Ukraine has energy costs soaring in Europe with leaders calling for a cap on electric… Continue watching