Jun 16 Wall Street tumbles again after brief reprieve By Stan Choe, Associated Press Analysts had warned of more big swings given deep uncertainties about whether the Federal Reserve and other central banks can tiptoe the narrow path of hiking interest rates enough to slow high inflation but not so much that they cause… Continue reading
Jun 15 Watch 5:36 Federal Reserve implements highest interest rate hike in decades to combat inflation By Paul Solman, Courtney Norris, Tommy Walters The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome… Continue watching
Jun 15 Federal Reserve attacks inflation with its largest rate hike since 1994 By Chris Rugaber, Associated Press The Federal Reserve 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 that would… Continue reading
Jun 15 EPA says 'forever chemicals' pose a health risk even at very low levels By Matthew Daly, Associated Press The Environmental Protection Agency is warning that two nonstick and stain-resistant compounds found in drinking water are more dangerous than previously thought — and pose health risks even at levels so low they cannot currently be detected. Continue reading
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