Jun 16 WATCH: Biden signs new shipping law he says will cut consumer costs By Will Weissert, Associated Press WASHINGTON (AP) — President Joe Biden signed legislation Thursday meant to make shipping goods across oceans cheaper — a move the White House says will help lower retailer costs that have remained high since the start of the coronavirus pandemic… Continue reading
Jun 16 President Biden says a recession is ‘not inevitable’ By Josh Boak, Associated Press President Joe Biden says the American people are "really, really down" after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets. Continue reading
Jun 16 Simultaneous shortages of formula, tampons and child care hit parents hard By Chabeli Carrazana, The 19th "For women and children, there is not enough support."… Continue reading
Jun 16 Analysis: What the Fed’s largest interest rate hike in decades means for you By D. Brian Blank, The Conversation The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers. Continue reading
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