For now, Jerome Powell says he believes the Federal Reserve faces nearly equal risks of raising its benchmark rate too high or not raising it high enough.
Alex McCann
Posted inBusiness, Nation & World, News
MGM and Caesars reach deals with Las Vegas hotel workers, narrowly averting a strike
The Culinary Workers Union on Thursday turned its attention to winning the same terms for 5,000 of its members who work at Wynn and Encore Resorts.
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Posted inNation & World, News, Politics
Manchin won’t seek reelection, giving Republicans key pickup opportunity
His decision to retire severely hampers Democratic hopes of holding on to the coal country seat and marks the end of an era for West Virginia, which voted reliably blue for decades before flipping red.
Posted inArts & Entertainment
Lainey Wilson wins 5 CMA Awards, including entertainer of the year and album of the year
The 31-year-old Louisiana-born singer was the undisputed star Wednesday night at Nashville’s Bridgestone Arena.
Posted inNation & World, News, Politics
Trump’s decades of past testimony provide some clues about how he’ll fight for his real estate empire
The former president is set to testify Monday at his New York civil fraud trial, taking the stand in a deeply personal matter that is central his image as a successful businessman.
Posted inNation & World, News
Storm Ciarán whips Western Europe with record winds, killing at least 7 and leaving millions without power
Winds of more than 118 mph slammed the northern tip of France’s Atlantic coast, uprooting trees and blowing out windows, while thousands were without power in the U.K.
Posted inNation & World, News, Politics
House approves $14.5 billion in assistance for Israel, but Biden vows to veto Republican spending cuts
Speaker Mike Johnson’s package required that the emergency aid be offset with cuts in government spending elsewhere, turning what would typically be a bipartisan vote into one dividing Democrats and Republicans.
Posted inBusiness, Nation & World, News
Wall Street leaps toward its best week of 2023 amid hopes of an end to rate hikes
The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year.
Posted inBusiness, Nation & World, News
AI summit agreements tip the balance of fight against digital threats in favor of humanity, U.K. prime minister says
British Prime Minister Rishi Sunak hailed the gathering’s achievements, including a ‘Bletchley Declaration’ committing nations to tackle the biggest threats from artificial intelligence.
Posted inBusiness, Nation & World, News
FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers
After the monthlong trial, jurors rejected Bankman-Fried’s claim during 4 days on the witness stand in federal court he never committed fraud or meant to cheat customers before FTX.