Powell: Higher rates unlikely to cause deep US recession
WASHINGTON (AP) — The last time the Federal Reserve faced inflation as high as it is now, in the early…
2022
Social Media Firms To Testify At U.S. Senate Homeland Security Hearing
By David Shepardson WASHINGTON (Reuters) – The U.S. Senate Homeland Security and Governmental Affairs Committee will hold a hearing Wednesday…
Cheaper electric vehicles coming despite high battery costs
WARREN, Mich. (AP) — Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that…
Euro, Bonds Steady As ECB Delivers Unprecedented 75 Bps Rate Hike
(Reuters) – The euro and government bond yields were broadly steady on Thursday after the European Central Bank hiked its…
Summer of ’22 brought record heat, solar power to Europe
BERLIN (AP) — Europe smashed previous temperature records this summer, with long periods of sunshine causing sweltering conditions and droughts…
Fewer Americans apply for jobless aid last week
WASHINGTON (AP) — The number of Americans filing for unemployment benefits last week fell to its lowest level since May…
Jeep unveils its 1st electric SUVs for North America, Europe
DETROIT (AP) — Jeep will start selling two fully electric SUVs in North America and another one in Europe over…
UK to cap energy prices, end fracking ban to ease crisis
LONDON (AP) — New British Prime Minister Liz Truss announced Thursday that her Conservative government will cap domestic energy prices…
Europe Waits On Potentially Record ECB Rate Hike
By Marc Jones LONDON (Reuters) – Stocks and bond yields shuffled higher while the euro perched at parity on Thursday…
From Chasing Deals To Turning Off Screens: Cineworld Files For U.S. Bankruptcy
(Reuters) – Britain’s Cineworld filed for bankruptcy protection in the United States, as the world’s second-largest cinema chain operator struggles…