Jun 15 WATCH: Federal Reserve Chair Powell gives news briefing following interest rate hike By Christopher Rugaber, Associated Press The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come… Continue reading
Jun 15 Biden calls for more production and lower profits in letter to U.S. oil refiners By Josh Boak, Associated Press President Joe Biden wants U.S. oil refiners to produce more gasoline and diesel. Continue reading
Jun 14 What is the yield curve and how could it warn of the next recession? By Associated Press One of the more reliable warning signals for an economic recession started blinking again. Treasurys, the IOUs the U.S. government gives to investors who lend it money are at the center of the investing world. Continue reading
Jun 14 Watch 5:23 News Wrap: FDA advisory panel recommends Moderna’s vaccine for children ages 6 to 17 By PBS NewsHour In our news wrap Tuesday, an FDA advisory panel voted to recommend that the CDC approve Moderna's vaccine for kids 6 to 17 years old, the Labor Department says wholesale prices were up 10.8 percent from a year ago, the… Continue watching
Jun 14 Stocks up and down a day after Wall Street sinks into a bear market By Stan Choe, Associated Press Wall Street is wobbling Tuesday in its first trading after tumbling into a bear market on worries central banks will clamp the brakes too hard on the economy. Continue reading
Jun 13 Watch 6:02 Markets plunge amid fears of sharply higher interest rates Wall Street has gone into meltdown mode over inflation fears and the possibility that higher interest rates are imminent. The Dow Jones Industrial Average, NASDAQ and the S&P 500 all fell significantly. It is now officially a bear market, down… Continue watching
Jun 13 Watch 4:06 News Wrap: Patriot Front members free on bail after arrest at Idaho LGBTQ event In our news wrap Monday, 31 members of a white supremacist group are free on bail in Idaho after being charged for planning violent disruptions at an LGBTQ event, senior officials in Iraq try to form a government after more… Continue watching
Jun 13 Bitcoin prices plunge as major crypto lender halts operations By Ken Sweet, Associated Press The price of bitcoin and other cryptocurrencies are falling Monday, after the major crypto lender Celsius halted all withdrawals citing "extreme market conditions."… Continue reading
Jun 13 Markets tumble worldwide, bear market growls on Wall Street By Stan Choe, Associated Press The center of Wall Street’s focus was again on the Federal Reserve, which is scrambling to get inflation under control. Continue reading
Jun 12 Watch 4:56 Skyrocketing home prices and rents create housing crisis In today's highly competitive housing market, millions of Americans are priced out of buying a home, often competing with all-cash offers well above asking prices. Rents are skyrocketing, too, causing overall housing affordability to collapse at its fastest rate on… Continue watching