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Business

Powell signals increased rate hikes if economy stays strong

WASHINGTON (AP) — The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel ...

4 kidnapped Americans crossed into Mexico for health care

Four Americans who traveled to Mexico last week seeking health care got caught in a deadly drug-related shootout and kidnapped by heavily armed men who threw them in the back of a pickup truck, officials from both countries said Monday. The four were traveling Friday in a white minivan with ...

Wall Street holding steady ahead of a potentially big week

NEW YORK (AP) — Stocks were mixed in quiet trading Monday as Wall Street stays in a holding pattern ahead of a potentially big week. The S&P 500 rose 2.78 points, or 0.1%, to 4,048.42 after coming off its first winning week in the last four. The Dow Jones Industrial Average gained ...

Legal fight over student debt a prelude to political battle

WASHINGTON (AP) — Facing the possibility that the Supreme Court will reject President Joe Biden’s plan for student loan forgiveness, the White House is aiming to turn the political heat toward Republicans while deflecting criticism from disappointed borrowers. At stake is the loyalty of ...

DC’s cherry blossoms coming early due to confusing weather

WASHINGTON (AP) — The cherry trees in the nation’s capital are confused by Earth’s changing climate, with the iconic blossoms appearing earlier than expected because of the unusually warm winter. Washington Mayor Muriel Bowser and the National Park Service announced Wednesday that ...

Wall Street closes out a chilling February with another dip

NEW YORK (AP) — A frigid February for Wall Street closed out with more losses on Tuesday. The S&P 500 fell 0.3% to lock in a loss of 2.6% for the month. The Dow Jones Industrial Average fell 232 points, or 0.7%, while the Nasdaq composite slipped 0.1%. Both also sank over the ...