The weakness for markets started on the other side of the Atlantic after the European Central Bank said it would raise interest rates next month for the first time in more than a decade.
Tim Allen
Posted inBusiness, Nation & World
Biden’s inflation crunch: Too much shopping – even at the beach
The president needs U.S. consumers to pull back just enough so inflation eases, but not so much that the economy risks plunging into a recession.
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Posted inArts & Entertainment, Nation & World
Few laughs, tough questions as Biden chats with Kimmel
The host of the ABC late night program expressed frustration about the intractable problems in Washington, and he advised the president, ‘I think you need to start yelling at people.’
Posted inNation & World
Justice Department names 9 to aid in review of Uvalde shooting
The review will include an examination of police policies, training and communication, and also examine who was in command that day and how police prepared for potential active-shooter incidents.
Posted inNation & World
Moderna says updated COVID shot boosts omicron protection
Vaccine makers are studying updated boosters that might be offered in the fall to better protect people against future coronavirus surges.
Posted inNation & World, Politics
Democrats confront criticism on crime after San Francisco defeat
The city’s longstanding problems with vandalism, open drug use and robberies proved too much for voters, who blamed District Attorney Chesa Boudin for making the situation worse and recalled him from office.
Posted inNation & World
Brookings Institution places its president on leave amid FBI probe
Retired four-star Marine Gen. John Allen is being investigated for his role in an illegal lobbying campaign on behalf of the wealthy Persian Gulf nation of Qatar.
Posted inBusiness, Nation & World
Stocks fall as choppy trading persists on Wall Street
The big concerns on Wall Street remain rising inflation and whether the Federal Reserve’s shift to aggressively raise interest rates will help temper the impact or possibly push the economy into a recession.
Posted inNation & World
Interior Department phasing out plastic water bottles at national parks
Environmental groups hailed the Biden administration’s announcement, which advocates and some Democratic lawmakers have been urging for years.
Posted inArts & Entertainment, Nation & World
Jennifer Lopez to receive top honor at MTV Movie & TV Awards
Previous recipients of the Generation Award include Scarlett Johansson, Dwayne ‘The Rock’ Johnson, Tom Cruise, Sandra Bullock, Robert Downey Jr., Chris Pratt, Will Smith and Reese Witherspoon.