Struggling factories and booming airlines put Fed in a bind
CNN
How should policymakers react when two core parts of the economy are headed in different directions?
That's the question facing the Federal Reserve and its international counterparts as they race to contain surging inflation.
On one hand, spending on services like flights is booming as people in the United States and Europe take advantage of eased coronavirus restrictions.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
President Trump has ratcheted up his rhetorical battle over recent US airstrikes in Iran by having an attorney send legal letters to CNN and The New York Times demanding retractions of accurate reports.
Some European Union leaders discussed a rethinking of the World Trade Organization, the entity at the center of the global trading system, at the European Council meeting on Thursday night in Brussels.
The former press secretary to President Lyndon B. Johnson and longtime broadcast journalist has died, his family confirmed to CNN.
It was horrifying enough for anyone when a door plug popped off an Alaska Airlines flight at more than 16,000 feet last year, causing an explosive decompression. But one mother’s nightmare was particularly acute, as she thought she lost her baby out of the gaping hole in the side of the plane.
Tucker Carlson’s podcast surged up the YouTube and Spotify charts last week, amid buoyed by his confrontational interview with Senator Ted Cruz and his feud with fellow MAGA media stars over the Israel-Iran conflict.
US stocks opened higher on Thursday and the benchmark S&P 500 was just a whisker away from hitting an all-time high.
Some of President Donald Trump’s steepest tariffs are on products like washing machines, and on Thursday, GE Appliances said it would spend a half a billion dollars to make even more of them in the United States.
Trump Mobile, the wireless service provider and phone company launched by the Trump Organization, no longer promises on its website that its upcoming smartphone will be made in America.
The US economy contracted in the beginning of the year at a much faster pace than previously reported, after new data factored in much weaker consumer spending.
A measure tucked in President Donald Trump’s domestic policy bill making its way through Congress would effectively block states from enforcing AI-related regulations for the next decade, a rule that’s alarming some followers of the tech world.
Journalists ask questions, vet the answers and report the results to the public. That’s pretty much the job description.
Homebuyers in the US may soon be able to use cryptocurrency assets to strengthen their mortgage application, according to Bill Pulte, who oversees housing giants Fannie Mae and Freddie Mac.
Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over its rival company BP.