A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’
The trouble is, the Fed’s likely to get a recession anyway as data shows the economy is a far cry from stable.
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Reports: Russia captures 2 Americans fighting in Ukraine
Reports: Russia captures 2 Americans fighting in Ukraine Two Americans, both military veterans, have reportedly been captured on the battlefield in Ukraine. Now, their fate is uncertain. Chris Livesay reports. …
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.
China’s economic numbers come in better than expected, but ‘difficulties and challenges’ remain
China released economic data for May that topped muted expectations for a month hampered by Covid controls.
Russian attacks trap Ukrainians in Donbas region
Russian attacks trap Ukrainians in Donbas region Russian forces blew up bridges around Severodonetsk, trapping thousands of Ukrainians inside the city. To save them, Ukraine is pleading for more weapons. …
U.S. holds ‘candid’ and ‘productive’ talks with China in nearly 5-hour meeting
A senior administration official described the talks, which were held in Luxembourg, as “candid, in-depth, substantive and productive.”
Crew of aircraft found to have human remains in wheel well cleared
Crew cleared of wrongdoing in Kabul take-off The crew of the aircraft that left Afghanistan with human remains in its wheel well was cleared of any wrongdoing, the Air Force …
Global food prices are soaring. Rice could be next
Food prices and export bans have been on the rise. Rice, a staple food in much of Asia, could be next, industry watchers say.
Russian-backed officials try to solidify rule in Ukraine
Russians using food as weapon in eastern Ukraine Kremlin-installed officials in occupied southern Ukraine celebrated Russia Day on Sunday and began issuing Russian passports to residents in one city who …
French models accuse former fashion industry titan Gerald Marie of abuse
French models accuse former fashion industry titan Gerald Marie of abuse Gerald Marie, a former leader in the fashion industry, has been accused of sexual abuse by more than a …