Month: July 2022

By KRUTIKA PATHI and KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lankan protesters retreated from government buildings they seized and military troops reinforced security at the Parliament on Thursday, establishing a tenuous calm in a country in both economic meltdown and political limbo. Embattled President Gotabaya Rajapaksa fled a day earlier under

By NOHA ELHENNAWY Associated Press CAIRO (AP) — The U.S. Embassy in Libya says it’s concerned over the struggle for control of Libya’s oil corporation after its chairman was sacked. The embassy said in a statement on Thursday that it’s following the standoff over the leadership of Libya’s National Oil Corporation. The Tripoli-based government of

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks fell broadly in afternoon trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. The S&P 500 fell 0.9% as of 12:01 p.m. Eastern. More than

By FRANCES D’EMILIO Associated Press ROME (AP) — Italian Premier Mario Draghi has won a confidence vote in the Senate but the future of his government is still in doubt after the 5-Star Movement boycotted the vote, throwing his coalition into crisis. The vote Thursday was 172-39, but 5-Stars senators were absent after confirming they

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate again. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose

By ANITA SNOW and EUGENE GARCIA Associated Press PHOENIX (AP) — Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families. With gas prices soaring along with grocery costs, many people are seeking charitable food for the first time, and more

By The Associated Press Twitter appears to be returning for some users after experiencing an hourlong outage that affected both its app and website on Thursday. Individuals attempting to use the social media platform were met with a message saying “Tweets aren’t loading right now. Try again.” According to Downdetector, users began reporting the outage