Federal Reserve officials agreed earlier this month that smaller rate hikes should happen once they evaluate the policy’s impact on the economy, the minutes published Wednesday show. Reflecting statements made by multiple officials in recent weeks, the meeting summary pointed to small interest rate hikes coming up. Markets are widely expecting the Federal Open Market … Read more
Jordan Valinsky, CNN Published Tuesday, November 22, 2022 5:17 PM EST Last updated on Tuesday, November 22, 2022 at 5:17 PM EST (CNN) — Qatar’s last-minute decision to ban alcohol from World Cup stadiums has left Budweiser with a lot of beer. The company has an … Read more
The global economy faces four likely scenarios — none particularly large — though economists at JPMorgan Chase say there’s a 1 in 5 chance that a recession won’t happen. In the company’s most likely case, the US is likely to contract in the second half of 2023. Other possible outcomes are a recession at the … Read more
Jim Salter, The Associated Press Published Monday, November 21, 2022 at 3:07 PM EST Last updated on Monday, November 21, 2022 at 3:07 PM EST ST. LOUIS (AP) — A 19-year-old woman is asking a federal court to see her father’s death by injection despite a … Read more
Cleveland Federal Reserve President Loretta Mester said Monday that inflation will have to show more signs of progress before it is ready to stop calling for rate hikes. While acknowledging recent data was encouraging, the central bank official told CNBC that progress is just the beginning. “We’re going to have more work to do because … Read more
An aerial view of shipping containers and freight trains at the BNSF Los Angeles Intermodal Facility yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters SMART-TD, one of the largest railway unions, has voted down the preliminary agreement with railway management, raising the likelihood of a strike in December. The BLET, the … Read more
Patrice Bergeron, The Canadian Press Published Sunday, November 20, 2022 2:33 PM EST All of Russia’s neighbors are currently at risk, according to the assessment of a senior officer from a country currently receiving military aid from Canada. After a missile strike killed two people in Poland … Read more
Carolyn Thompson, The Associated Press Published on Saturday, November 19, 2022 at 11:06 a.m. EST Last updated on Saturday, November 19, 2022 at 6:05 PM EST BUFFALO, NY (AP) — Piles of snow, taller than most people in some places, buried parts of western and northern … Read more
Nojoud Al Mallees, The Canadian Press Published Saturday, November 19, 2022 at 6:34 AM EST Decades of high inflation has Canadians concerned about the rising cost of living, but as bleak as things may seem, Canada appears to be doing better than many other major economies. The … Read more
Neil Davidson, The Canadian Press Published Saturday, November 19, 2022 at 9:32 AM EST Canada coach John Herdman had a dismal medical update on Saturday with goalkeeper Milan Borjan and midfielder Stephen Eustaquio joining star Alphonso Davies as question marks ahead of the World Cup opener against … Read more