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CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.CBS News - 17m -
Chicago customs seized 1,500 Glock switches to turn guns automatic in 2024
Most of the Glock switch shipments had come from China, and were destined for various locations throughout the United States, CPB said.CBS News - 15h -
Should you open a long-term CD before the January Fed meeting?
A long-term CD offers unique benefits to savers now. But should they rush to open one before the next Fed meeting?CBS News - 1d -
Oilers Need To Seize Big Opportunity Against Division Rivals
The Oilers and Kings meet for the second time this season on Monday night.Yahoo Sports - 1d -
Fed-Up Voters in Louisiana Wanted a Change. They Drafted an ‘Old Ball Coach.’
Sid Edwards was a high school football coach who had never run for office. Now, he’s the mayor of Baton Rouge, Louisiana’s second-largest city.The New York Times - 3d -
This is what it could take for the Fed to hike interest rates
Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price indexMarketWatch - 4d -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - 5d -
Biden says feds will cover 100% of fire response costs in California
"I told the governor and local officials, spare no expense," President Biden said, calling the damage "catastrophic."CBS News - 5d -
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.NBC News - 5d -
Fed Governor Bowman says December interest rate cut should be the last
Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.CNBC - 5d -
Why two Fed officials doubt the need for many more rate cuts
One official warned that “progress on inflation could continue to stall.”MarketWatch - 5d -
Rwanda’s Paul Kagame urges Congo to negotiate with M23 rebels after they seize strategic towns
President Paul Kagame of Rwanda has urged Congolese authorities to negotiate with a violent rebel group that has seized key towns in eastern Congo in recent days, widening its control over the ...ABC News - 5d -
How Elon Musk seized on baseless memo claim to fuel wave of misinformation
The X owner shared false claims that a Home Office memo urged police not to intervene in child grooming cases.BBC News - 6d -
Fed braces for Trump inflation bump
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed frets about impact of Trump policies on inflation Central bank officials ...The Hill - 6d -
Fed officials saw need for ‘careful approach’ to future rate cuts
Minutes from December meeting show policymakers are concerned about US inflation risksFinancial Times - 6d -
What Is the U.K. ‘Grooming Gang’ Scandal Seized On by Elon Musk?
The billionaire tech mogul has been posting on his social media platform about a decade-old child sex abuse scandal in Britain. Here’s what to know.The New York Times - 6d -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - 6d -
Fed’s Waller sees cooler inflation despite higher forecasts
Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the central bank and growing expectations among investors ...The Hill - 6d -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - 6d -
Panama Unsettled by Trump Threat to Seize Canal
Few took the president-elect’s combative comments at face value, but they still sent a shudder through a country that the United States has invaded before.The New York Times - Jan. 8 -
Michael Barr to Leave His Role as Fed Vice Chair for Supervision
Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.The New York Times - Jan. 7 -
Fed official delivers a blunt message to the stock market — which ignores it
Federal Reserve Gov. Lisa Cook gave one of the bluntest warnings an official at the central bank has ever delivered about the stock market.MarketWatch - Jan. 6 -
Russia Claims to Seize Key Eastern Ukraine Town of Kurakhove
Ukraine has largely been driven out of Kurakhove, a battered but strategic town in the Donbas, Russia said. Kyiv’s forces were pressing a renewed offensive in southern Russia.The New York Times - Jan. 6 -
Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump
There had been speculation that Trump might replace Barr after he takes office Jan. 20.CNBC - Jan. 6 -
Michael Barr to step down as Fed’s top Wall Street regulator
US central bank’s vice-chair for supervision will leave his role in February but stay on as a governorFinancial Times - Jan. 6 -
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Residents and officials say rebels have seized 2 key towns in eastern Congo
Civil society and a local politician say rebels with the M23 group have seized two key towns in eastern Congo as they advance in the volatile regionABC News - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
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Rwanda-backed rebels seize key town in DR Congo
It is the second town seized by the group in as many days in the mineral-rich North Kivu province.BBC News - Jan. 5 -
Feds find bomb-making material in home of New Orleans attacker
New Orleans is ramping up security in the aftermath of the New Year's Day terror attack that killed 14 people and wounded dozens more. The city is set to host the Super Bowl and Mardi Gras ...CBS News - Jan. 3 -
Top Fed official warns of US inflation risk after Trump takes power
Tom Barkin’s comments come just weeks before the president-elect takes office with a vow to raise tariffsFinancial Times - Jan. 3 -
JetBlue fined $2 million by feds for "chronic flight delays"
JetBlue is the first carrier to be penalized by the Department of Transportation for unrealistic scheduling practice.CBS News - Jan. 3 -
It's Christmas for the elephants as unsold trees are fed to the animals at Berlin Zoo
For the elephants and others at the Berlin Zoo, it’s finally time to unwrap their Christmas presentsABC News - Jan. 3 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
FBI seizes one of the largest stockpiles of homemade explosives in its history
Investigators seized over 150 pipe bombs and other devices when they arrested a Virginia man on a firearms charge. Federal agents in the US found one of the largest stockpiles of homemade ...The Guardian - Jan. 1 -
FBI seizes more than 150 pipe bombs in raid on Virginia farm
The FBI says it found more than 150 pipe bombs in a raid on a Virginia farm. Investigators say Brad Spafford was arrested after a tip that he was stockpiling weapons. It is the largest seizure of ...CBS News - Jan. 1 -
FBI seizes most homemade explosives in agency history
Federal prosecutors say FBI agents recovered a stash of more than 150 homemade explosives at a home in Virginia.CBS News - Dec. 31