Hike again? Take a pause? Fed officials are split about what to do next to fight inflation
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022
2023-05-18 23:29
Sam Zell, billionaire real estate investor, dies
Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties has died due to complications from a recent illness
2023-05-18 23:18
Looking for a house? High mortgages, few homes lead to biggest annual sales drop in 11 years
Sales of previously occupied U.S. homes fell again last month and the national median sale price posted its biggest annual drop in 11 years
2023-05-18 23:15
RSV vaccine for pregnant women protects their newborns but is it ready for US sale?
Federal health advisers are debating a first-of-its-kind RSV vaccine to protect newborns by immunizing their moms late in pregnancy
2023-05-18 22:27
Persistently high inflation is causing a split among Federal Reserve officials over next steps
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022
2023-05-18 21:51
Japan, Britain strike 'historic accord' on cooperation in defense, clean energy, semiconductors
Japan and Britain have struck what they are calling a historic accord on cooperation in defense, clean energy and semiconductors
2023-05-18 21:45
UK telecom company BT plans to shed up to 55,000 jobs, replace some with AI
U.K. telecom company BT Group plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence
2023-05-18 21:18
Fewer Americans apply for jobless benefits, labor market still showing strength
Fewer Americans applied for jobless benefits last week following a spike the previous week that some saw as a sign that higher interest rates were finally hobbling the labor market
2023-05-18 20:46
Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment
2023-05-18 20:29
Stock market today: Global stocks and Wall Street futures rise in anticipation of US debt deal
Wall Street pointed modestly higher before the opening bell on hopes U.S. political leaders can reach an agreement to avoid a potentially disastrous default on government debt
2023-05-18 20:21
China's loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 19:16
Takeaways of AP's report on Chinese loans pushing poor countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse because of a common, undeniable factor: their struggle to pay back hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 18:49