Fed's Powell reinforces likelihood of more rate hikes because of persistently high inflation
Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market
1970-01-01 08:00
May home sales inch higher with record-few on the market and biggest annual price drop since 2011
Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low
1970-01-01 08:00
China formally protests Biden's depiction of its leader as an out-of-touch 'dictator'
China says it has registered a formal protest over President Joe Biden's description of China's leader as a dictator
1970-01-01 08:00
Tech billionaires' cage match? Musk throws down the gauntlet and Zuckerberg accepts challenge
Elon Musk and Mark Zuckerberg are ready to fight, offline
1970-01-01 08:00
Kenya's new tax package angers some backers of president who once vowed to reduce cost of living
Kenyans are preparing for tough times after lawmakers approved tax increases that are even unpopular with supporters of the president who once vowed to reduce the cost of living
1970-01-01 08:00
Home sales inch up in May amid record-low inventory and biggest annual drop in prices since 2011
Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low
1970-01-01 08:00
Google backs creation of cybersecurity clinics with $20 million donation
Free medical clinics and legal aid clinics, where college students and their instructors help their communities while also learning more about their professions, are now commonplace
1970-01-01 08:00
Stock market today: Wall Street follows global markets lower after more rate hikes
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control
1970-01-01 08:00
German rail union threatens open-ended strikes over pay dispute
A German rail workers’ union says it will ask its members to vote on all-out strike action after long-running salary talks with the main national railway operator broke down
1970-01-01 08:00
Weekly US applications for unemployment aid remain relatively elevated
The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market
1970-01-01 08:00
Stock market today: Wall Street futures follow global shares lower on rate hikes galore
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control
1970-01-01 08:00
Weekly US applications for unemployment aid remain elevated
The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market
1970-01-01 08:00