Fed's Powell tells Senate Democrats inflation hardest on working families
By Howard Schneider and Ann Saphir WASHINGTON U.S. Federal Reserve Chair Jerome Powell on Thursday defended the likely
2023-06-22 22:56
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
2023-06-22 22:48
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
2023-06-22 22:26
First on CNN: Bill would give Biden new powers to prepare for the next pandemic
The Covid-19 pandemic exposed caused a frantic scramble for masks, respirators and other gear to fight the virus. Now, a bipartisan effort in Congress is attempting to ease US reliance on countries like China for critical medical supplies, before the next disaster.
2023-06-22 22:19
Warren Buffett's charitable giving tops $51 billion
By Jonathan Stempel Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting
2023-06-22 22:16
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
2023-06-22 21:56
Big central banks are still hiking rates but eye the end
LONDON Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even
2023-06-22 21:26
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
2023-06-22 21:23
Mexican inflation slows more than expected ahead of rate decision
(Reuters) -Mexico's annual inflation hit its lowest in more than two years ahead of a monetary policy decision on Thursday
2023-06-22 21:19
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
2023-06-22 21:00
U.S. jobless claims hold steady at 20-month high, current account gap widens
The number of people filing for state unemployment benefits for the first time held steady at a 20-month
2023-06-22 20:55
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
2023-06-22 20:53