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5 things to know for June 16: Interest rates, Covid, January 6, Buffalo, Baby formula

By Alexandra Meeks, CNN Major retailers are facing a backlash for selling themed products in an attempt to monetize Juneteenth, the upcoming federal holiday commemorating the end of slavery in the US. Inclusion experts say “tone deaf” marketing campaigns — including Walmart’s Juneteenth ice cream and Dollar Tree’s Pan African-themed plates and napkins — promote

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Captured American fighters purportedly held by Russian-backed separatists in Donetsk

By Jonny Hallam and Helen Regan, CNN Two American volunteers fighting for Ukraine were taken into detention by Russian-backed separatists in Donetsk after being captured last week, according to Russian state media. US citizens Alexander John-Robert Drueke, 39, from Tuscaloosa, Alabama, and Andy Tai Ngoc Huynh, 27, from Hartselle, Alabama, were interviewed by Russia’s RT

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Parts of Yellowstone may reopen to tourists on Monday, but flooding has been a disaster for neighboring towns

By Elizabeth Wolfe, Jason Hanna and Claudia Dominguez, CNN Yellowstone National Park could partially reopen as early as Monday as officials continue to assess the damage caused by historic flooding, which now threatens to hamper the peak of the summer tourist season. Heavy rains and rapid snowmelt caused rivers to swallow bridges, sweep away entire

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January 6 hearing will show Trump pressure campaign on Pence ‘directly contributed’ to Capitol attack, committee says

By Jeremy Herb, Zachary Cohen, Annie Grayer and Ryan Nobles, CNN The House January 6 committee will use its third June hearing to make the case that then-President Donald Trump’s pressure campaign on his vice president to overturn the 2020 presidential election “directly contributed” to the January 6, 2021, attack on the US Capitol, which

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Latvian foreign minister says European leaders should not fear provoking Putin and must not push Ukraine to make concessions

By Jennifer Hansler, CNN Latvian Foreign Minister Edgars Rinkēvičs on Wednesday said European leaders must not be deterred by a fear of provoking Russian President Vladimir Putin and the international community must not pressure Ukraine into making concessions to end the war. In an exclusive interview with CNN in Washington, DC, Rinkēvičs also outlined Latvia’s

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The Federal Reserve passes the buck on inflation

By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s the reason the central bank was created in 1913, and it’s the reason it still exists today. So when inflation threatens to potentially destabilize the dollar, it’s the Fed’s job to spring to action.

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Five guys take the same photo for 40 years

By Paul Vercammen, CNN Five friends’ celebrated photo taken every five years at the same California lake is out for the world to see despite one man’s recent cancer scare. They took photo No. 9 on Wednesday, 40 years after they shot the first in 1982 at a prefabricated cabin at Copco Lake along the

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Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994

By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an aggressive move to tackle white-hot inflation that is plaguing the economy, frustrating consumers and stifling the Biden administration. It’s the largest rate hike since 1994, and will affect millions of American businesses and households,

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