Jul 22 Watch 4:37 News Wrap: Former Trump adviser Steve Bannon convicted of contempt of Congress In our news wrap Friday, a federal jury convicted former Trump adviser Steve Bannon of contempt of Congress for defying subpoenas from the Jan. 6 panel, President Biden's COVID symptoms are improving, a heat wave continues in parts of the… Continue watching
Jul 22 Watch 7:06 Russia, Ukraine reach agreement to resume grain shipments Russia and Ukraine signed agreements Friday that cleared the way for exporting millions of tons of desperately needed Ukrainian grain, as well as securing Russian exports of grain and fertilizers. Ukraine's one of the world’s largest exporters of wheat, corn… Continue watching
Jul 21 Watch 6:00 News Wrap: Biden tests positive for COVID, experiences mild symptoms In our news warp Thursday, President Biden gets COVID for the first time, U.S. heat indexes hit triple digits, Italy's prime minister resigned after the ruling coalition fell apart, House passes a bill to protect contraception access, a former Minneapolis… Continue watching
Jul 21 Turkey says Ukraine grain export deal to be signed in Istanbul By Suzan Fraser, Associated Press Turkish officials say a deal on a U.N. plan to unblock the shipment of Ukrainian grain and to allow Russia to export grain and fertilizers will be signed in Istanbul on Friday. Continue reading
Jul 21 Trucker protest shuts down operations at busy California port By Associated Press Truckers protesting a state labor law have effectively shut down cargo operations at the Port of Oakland, one of then ten-busiest container ports in the country. Continue reading
Jul 21 High mortgage rates, prices discourage buyers and chill housing market By Ken Sweet, Michael Casey, Alex Veiga, Associated Press Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate. Continue reading
Jul 21 Europe's central bank raises interest rates for first time in 11 years By David McHugh, Associated Press The ECB is joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. Continue reading
Jul 21 Average national 30-year mortgage rate hits 5.54% By Matt Ott, Associated Press Average long-term U.S. mortgage rates are ticking higher this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate. Continue reading
Jul 21 WATCH: Senate panel explores skyrocketing housing prices By Molly Finnegan and Ken Sweet, Michael Casey, Alex Veiga, Associated Press The Senate Banking Committee explored the state of housing in the United States in a hearing Thursday, as rising mortgage rates, low inventory and high home and rental prices squeeze consumers. Continue reading
Jul 21 U.S. jobless claims hit 8-month high By Matt Ott, Associated Press The number of Americans applying for unemployment benefits last week rose to its highest level in more than eight months, a sign the labor market may be showing some weakness. Continue reading