Oct 07 Solid U.S. hiring in September could mean more big Fed hikes By Paul Wiseman, Associated Press America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in… Continue reading
Oct 06 How will OPEC+ cutbacks affect oil prices, inflation? By David McHugh, Associated Press Oil cartel OPEC and its allies are cutting production. And that means oil prices are likely going up. The OPEC+ alliance says they're trying to support prices against future sagging demand from an uncertain and slowing global economy. Continue reading
Oct 06 Watch 7:34 News Wrap: Dozens of children and adults killed by attacker in Thailand In our news wrap Thursday, an attacker armed with guns and a knife stormed into a daycare center in Thailand and massacred dozens of children and adults, a federal judge halted key provisions of New York's sweeping gun law and… Continue watching
Oct 06 Watch 5:51 How the OPEC Plus production cuts will impact the economy and Russia's war in Ukraine By Amna Nawaz Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something… Continue watching
Oct 06 Twitter says it wants trial against Elon Musk to proceed By Matt O'Brien, Associated Press Twitter is asking a Delaware court to proceed with an upcoming trial against Elon Musk. The social media platform says the billionaire refuses to accept the contractual obligations of his April agreement to buy the company for $44 billion. Continue reading
Oct 06 WATCH: Biden says IBM investment will help competition with China By Josh Boak, Associated Press The CHIPS and Science Act, which Biden signed in August, was a rare bill for which the president was able to win bipartisan support. Continue reading
Oct 06 Global economy 'likely to get worse before it gets better' warns IMF By Fatima Hussein, Associated Press The International Monetary Fund is once again lowering its projections for global economic growth in 2023. Continue reading
Oct 05 Watch 5:26 News Wrap: OPEC drastically cuts oil production to boost sagging prices In our news wrap Wednesday, OPEC is drastically cutting oil production by two million barrels a day to boost sagging prices, Russian President Putin signed documents today to annex four regions of Ukraine as the Russian military is losing its… Continue watching
Oct 05 EU agrees on price cap for Russian oil over Ukraine war By Samuel Petrequin, Associated Press European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said. Continue reading
Oct 05 Climate change made global summer droughts 20 times more likely By Drew Costley, Associated Press Widespread drought that dried up large parts of Europe, the United States and China this past summer was made 20 times more likely by climate change, according to a new study. Continue reading