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What rising interest rates mean for you

By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third consecutive 75- basis-point hike, which will put upward

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Brazilian indigenous agency workers strike after Amazon killings spark outrage

By Rodrigo Pedroso, CNN Workers at Brazil’s national agency for indigenous people went on strike Thursday amid fury over the killings of British journalist Dom Phillips and indigenous expert Bruno Pereira, citing longstanding concerns over illegal activity and violence in the Amazon rainforest. Staff at FUNAI, the government body responsible for the protection and interests

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Alexey Navalny transferred to maximum-security prison

By Anna Chernova and Karen Smith, CNN Russian opposition leader Alexey Navalny has been transferred from the penal colony where he was serving his term to a higher security prison facility. The jailed politician was relocated to a maximum-security prison in Melekhovo in the Vladimir Region, according to Russia’s state media outlet TASS citing Sergey

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US toddlers could soon be vaccinated against Covid. Here’s why that’s a big moment in the pandemic

By Rob Picheta and Hafsa Khalil, CNN The US could be vaccinating infants, toddlers and preschoolers against Covid-19 within days. Vaccine advisers at the Food and Drug Administration (FDA) are meeting Wednesday to discuss extending the emergency use authorization of Moderna’s and Pfizer/BioNTech’s shots to those aged six months and older. It comes a day

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An aerial photo made with a drone shows a house for sale in Round Lake Heights

What today’s Fed rate hike means for you

By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families and businesses. The US central bank increased its benchmark interest rate by three-quarters of a percentage point on Wednesday, which is the biggest single hike since 1994. This follows the

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