By Stephen Culp NEW YORK (Reuters) – The S&P 500 pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large U.S. banks and hotter-than-expected inflation data. Initially, all three maj…
Ohio man charged with raping 10-year-old who was forced to cross state lines for abortion
By Joseph Ax (Reuters) – An Ohio man has been charged with raping a 10-year-old girl who was then forced to travel to neighboring Indiana to get an abortion, a case that President Joe Biden highlighted in voicing his outrage over the U.S. Supreme Court…
GET INSIDE! New York City ad on surviving a nuclear attack raises eyebrows
NEW YORK (Reuters) – New York City’s emergency management office on Wednesday defended its decision to produce a public service announcement advising residents how to survive a nuclear attack after some questioned the advisory’s timing. The goal of the…
U.S. annual consumer inflation posts largest increase since 1981
By Lucia Mutikani WASHINGTON (Reuters) – U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving Americans to dig deeper to pay for gasoline, food, healthcare and rents, and the Federal Reserve most cert…
Video shows police response in Uvalde shooting was ‘indefensible,’ Cruz says
By Julio-Cesar Chavez and Kanishka Singh WASHINGTON (Reuters) – A surveillance video showing a long delay by Texas police and federal agents before they acted to stop the mass shooting at Uvalde’s Robb Elementary School shows that their response was “i…
Hot inflation fuels bets on supersized Fed rate hike
By Lindsay Dunsmuir and Ann Saphir (Reuters) -The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis points rate hike this month after a grim inflation report showed price pressures accelerating. …
Bank of Canada surprises markets with largest rate hike in 24 years
By Julie Gordon and Steve Scherer OTTAWA (Reuters) -The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in t…
Texas power grid asks people to conserve energy during extreme heat
By Arpan Varghese and Scott DiSavino (Reuters) -Texas’s power grid operator asked homes and businesses on Wednesday to once again conserve electricity amid stifling heat that has pushed power demand beyond its available supply. For the second time this…
Wall St ends down as hot inflation data raises odds of steep Fed rate hike
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed modestly lower on Wednesday after investors digested hotter-than-expected U.S. inflation data, which fueled fears that the Federal Reserve could raise key interest rates by as much as 100 basis po…
U.S. successfully tested Lockheed hypersonic missile this week -sources
By Mike Stone WASHINGTON (Reuters) -The U.S. Air Force successfully tested a Lockheed Martin Corp hypersonic missile this week, sources familiar with the efforts said on Wednesday, amid growing concerns Russia and China have had more success developing…