united states

Is US Inflation Actually Cooling Quicker Than Expected?

US inflation is cooling much quicker than experts are betting in a sign the Federal Reserve’s series of steep rate hikes are quashing price pressures. Prices climbed 8.5 percent in the world’s biggest economy last month, down from a 40-year high 9.1 percent, according to the Labor Department. Wall Street had forecast headline consumer price …

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Trump testimony in New York investigation: Live updates

NEW YORK (AP) — Donald Trump invoked the Fifth Amendment and wouldn’t answer questions under oath in the New York attorney general’s long-running civil investigation into his business dealings, the former president said in a statement Wednesday. Trump arrived at state Attorney General Letitia James’ offices in a motorcade shortly before 9 am, before announcing …

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‘We’re back, baby’: New bill boosts US climate credibility

WASHINGTON (AP) — After a moment when hopes dimmed that the United States could become an international leader on climate change, legislation that Congress is poised to approve could rejuvenate the country’s reputation and bolster its efforts to push other nations to reduce greenhouse gas emissions more quickly. The head-snapping turn of events, which has …

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Primary election: Trump’s pick will win Wisconsin GOP gubernatorial nomination, CNN projects

CNN — Donald Trump’s chosen candidate for governor in Wisconsin will win the GOP nomination, CNN projects, underscoring the former President’s clout among Republican primary voters in the latest contest in which he and former Vice President Mike Pence were on opposite sides – and the first since the FBI search of Trump’s Florida resort. …

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Biden signs China competition bill to boost US chipmakers

[ The stream is slated to start at 10 a.m. ET. Please refresh if you do not see a player above at that time.] President Joe Biden on Tuesday signed a bipartisan bill that aims to strengthen US competitiveness with China by investing billions of dollars in domestic semiconductor manufacturing and science research. “Today is …

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US announces sanctions against currency mixer Tornado Cash | Money Laundering News

The US accuses the virtual currency mixer of laundering millions of dollars stolen by hackers backed by North Korea. The US Department of the Treasury has announced sanctions against the virtual currency mixer Tornado Cash, which it claims has helped launder more than $455m for the Lazarus Group, a hacking organization associated with the North …

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FAO food price index fell sharply in July but the respite may not last

Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | dpa | Getty Images Food prices dropped significantly in July from the previous month, particularly the costs of wheat and vegetable oil, …

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Muslim killings in Albuquerque: 4 men were gunned down in New Mexico. Now some families are afraid to sit oustide or go get food

Albuquerque, New Mexico CNN — When Muhammad Imtiaz Hussain looked outside his home, he used to see a safe, idyllic neighborhood. Now he’s haunted by the spot where his brother was ambushed and killed. “I see from the window, this is the place where my brother died,” said Hussain, who lived in the same Albuquerque …

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US Senate approves bill to fight climate change, cut drug costs | Business and Economy News

Democrats in the United States have passed a sweeping $430bn bill intended to fight climate change, lower drug prices and raise some corporate taxes, in a major victory for President Joe Biden. The package, known as the Inflation Reduction Act, passed the Senate on Sunday by a 51-50 party line vote with Vice President Kamala …

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Stock futures dip following S&P 500’s third winning week in a row

Traders on the floor of the NYSE, Aug. 4, 2022. Source: NYSE Stock futures traded slightly lower in overnight trading Sunday, following the S&P 500’s third straight weekly gain, as investors shifted focus to a key inflation report this week. Futures on the Dow Jones Industrial Average dipped 70 points. S&P 500 futures and Nasdaq …

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