Jul 27 How the latest Federal Reserve rate hike affects your finances By Christopher Rugaber, Associated Press The Fed's latest hike, its fourth since March, will further magnify borrowing costs for homes, cars and credit cards, though many borrowers may not feel the impact immediately. Continue reading
Jul 27 Federal Reserve unleashes another big rate hike in bid to curb inflation By Christopher Rugaber, Associated Press By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing inflation. Continue reading
Jul 27 Dutch farmers dump manure, garbage on roads to protest planned emission reductions By Mike Corder, Associated Press The government says emissions of nitrogen oxide and ammonia, which livestock produce, must be drastically reduced close to nature areas that are part of a network of protected habitats for endangered species stretching across the European Union. Continue reading
Jul 27 WATCH: John Kirby speaks on Russia prisoner proposal during White House briefing By Associated Press The statements from Blinken and Kirby marked the first time the U.S. government has publicly revealed any concrete action it has taken to secure the release of Griner. It is unclear what the deal is, or whether it will be… Continue reading
Jul 27 WATCH: Federal Reserve imposes another big rate hike to fight inflation By Christopher Rugaber, Associated Press The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. Continue reading
Jul 27 WATCH: Secretary of State Blinken says U.S. has offered Russia a deal to return jailed Americans Griner, Whelan By Matthew Lee, Eric Tucker, Associated Press The statement marked the first time the U.S. government has publicly revealed any concrete action it has taken to secure the release of Griner, who was arrested on drug-related charges at a Moscow airport in February. Continue reading
Jul 27 Senate passes bill to boost computer chip production in U.S. By Kevin Freking, Associated Press A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration. Continue reading
Jul 27 WATCH: House Oversight hearing on holding firearm manufacturers responsible for gun violence By Lindsay Whitehurst, Associated Press A U.S. House investigation has found that gun manufacturers have taken in more than $1 billion from selling AR-15-style guns over the past decade. Continue reading
Jul 27 WATCH: Senate passes CHIPS Act to stimulate U.S. semiconductor production By Kevin Freking, Associated Press A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration. Continue reading
Jul 27 WATCH: Biden ‘feeling great’ after recovering from COVID, encourages vaccines By Chris Megerian, Darlene Superville, Associated Press President Joe Biden has emerged from five days of isolation after contracting the coronavirus, telling Americans that "COVID isn't gone" but saying serious illness can be avoided with vaccines, booster shoots and treatments. Continue reading