Stock market today: Asian shares sink as central banks crank interest rates still higher
BANGKOK (AP) — Asian shares sank sharply Friday after several central banks around the world cranked interest rates higher in their fight against inflation. Hong...
US consumer price growth slowed last month as inflation shows signs of steady decline
WASHINGTON (AP) — Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady...
UPS strike looms in a world grown reliant on everything delivered everywhere all the time
WASHINGTON (AP) — Living in New York City, working full time and without a car, Jessica Ray and her husband have come to rely on...
Fed’s Barkin: Inflation still ‘stubbornly high’ and isn’t easing fast enough toward 2% target
Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve’s 2% target, a top Fed official said Wednesday, hours after...
Biden approval dips near lowest point: AP-NORC poll
WASHINGTON (AP) — Approval of President Joe Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration...
US Treasury buys time for Biden and GOP on debt limit deal
WASHINGTON (AP) — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default...
San Francisco will allow police to deploy robots that kill
SAN FRANCISCO (AP) — Supervisors in San Francisco voted Tuesday to give city police the ability to use potentially lethal, remote-controlled robots in emergency situations...
Powell’s stark message: Inflation fight may cause recession
WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher...
Fed attacks inflation with another big hike and expects more
WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point...
Driven by consumers, US inflation grows more persistent
WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a...