Month: August 2022

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are falling in a frenetic Friday after the head of the Federal Reserve pushed back on Wall Street’s hopes that it may let off the brakes for the economy. The S&P 500 was 1.5% lower after Jerome Powell said the Fed will need to

By MICHAEL PHILLIS Associated Press ST. LOUIS (AP) — In many cities, no one knows where the lead pipes lie underground. That’s important because lead pipes contaminate drinking water. After the lead crisis in Flint, officials in Michigan accelerated efforts to locate their pipes, a first step toward removal. But other places are moving more

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — A small, 3-crew submarine has found the remains of seven migrants who drowned when their boat sank in late April off the coast of Lebanon with about 30 people on board. The boat was carrying around 80 Lebanese, Syrians and Palestinians trying to migrate by sea to

By ERIC TUCKER and MICHAEL BALSAMO Associated Press WASHINGTON (AP) — The Justice Department is set to release Friday a heavily blacked out document explaining the justification for an FBI search of former President Donald Trump’s Florida estate earlier this month, when agents removed top secret government records and other classified documents. The document, expected

By SOPHENG CHEANG Associated Press PHNOM PENH, Cambodia (AP) — The U.N. expert on human rights in Cambodia is proposing a 10-point plan to improve rights in the Southeast Asian nation, describing it as ä country with a bright future but some severe challenges. U.N. Special Rapporteur Vitit Muntarbhorn said at the end of an

NEW YORK (AP) — Stocks are swinging Friday after the head of the Federal Reserve pushed back on Wall Street’s hopes that it may soon let off the brakes for the economy. The S&P 500 was 0.1% lower in morning trading, but only after initially losing as much as 1%, after Jerome Powell said that

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked. According to a Commerce Department report Friday that is closely watched by the Federal Reserve, consumer prices rose 6.3% in July from a

LANSING, Mich. (AP) — A union says workers at a Chipotle store in Michigan have voted to unionize, becoming the first of the Mexican fast-food chain’s 3,000 locations to do so. The International Brotherhood of Teamsters says workers at a Chipotle store in Lansing, Michigan, “voted overwhelmingly” Thursday to form a union with the Teamsters.