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By Katie Lobosco, CNN The Biden administration has a plan to slow interest from adding to borrowers’ federal student loan debt balances. A proposed change to a federal rule announced earlier this month would limit the number of ways interest adds to the principal balance — known as capitalization. The change could go into effect
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By ISABEL DEBRE Associated Press DUBAI, United Arab Emirates (AP) — Backed into a corner by the West, Iran is ramping up uranium enrichment, clamping down on dissent and deepening ties with Russia in a challenge to the U.S. and Europe. Russian President Vladimir Putin heads to Tehran next week to meet with Iran’s leader
Continue Reading By MICHAEL WARREN and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — Civil rights leader and trailblazing educator Mary McLeod Bethune has became the first Black person elevated by a state for recognition in the Capitol’s Statuary Hall. Florida commissioned the project after a grassroots campaign succeeded last year in removing a statue of a Confederate
Continue Reading By COLLEEN SLEVIN Associated Press DENVER (AP) — Colorado officials say the former elections manager for a county clerk indicted on charges of tampering with voting equipment has been arrested on allegations that she was part of the alleged scheme. Sandra Brown served as elections manager for Mesa County Clerk Tina Peters, who has become
Continue Reading By STAN CHOE and ALEX VEIGA AP Business Writers Stocks are wavering through a shaky day of trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected. The S&P 500 initially tumbled as much as 1.6% on expectations the Federal Reserve will hike interest rates
Continue Reading By TARIK EL-BARAKAH Associated Press RABAT, Morocco (AP) — Morocco’s state-affiliated human rights council has depicted last month’s attempt by hundreds of migrants to storm the border between the North African kingdom and the Spanish enclave of Melilla as “unprecedented in nature, tactics used and scope.” At least 23 people, mostly from Sudan and Chad,
Continue Reading By ALANNA DURKIN RICHER Associated Press BOSTON (AP) — A former Boston police officer who was beaten more than 25 years ago by colleagues who mistook him for a shooting suspect will be the new leader of the city’s police department, Mayor Michelle Wu announced Wednesday. Michael Cox, 57, will return to his hometown of
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By Stella Chan and Ray Sanchez, CNN The social services system “failed” and further harmed 13 children who were rescued in 2018 after being starved and tortured by their parents for years in Southern California, according to an independent report presented Tuesday to the Riverside County Board of Supervisors. After the children of David and
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Inflation is hitting communities across the Coachella Valley more than it has in the past four decades. The Bureau of Labor Statistics reported on Wednesday the consumer price index rose to 9.1% from a year ago in June, reaching the highest rate since November 1981. Families and individuals are paying more for everyday goods including
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Alexandra Ferguson (CNN) — Los astrónomos detectaron una misteriosa ráfaga de radio en el espacio con un patrón distintivo que se asemeja al latido del corazón. Los astrónomos estiman que la señal procede de una galaxia situada a unos mil millones de años luz, pero se desconoce la ubicación exacta y la causa de la
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By AYSE WIETING, SUZAN FRASER and EDITH M. LEDERER Associated Press ISTANBUL (AP) — U.N. Secretary-General Antonio Guterres says Russian and Ukrainian officials meeting in Istanbul have taken a “critical step forward” to ensure the export of grain from Ukraine’s Black Sea ports to help ease the global food crisis. Turkish Defense Minister Hulusi Akar
Continue Reading By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively — trends that raise the risk of a recession. The government’s consumer price index
Continue Reading By Jacquelyne Germain, CNN Louis Weathers had a stable job and was married when he decided to buy a home in the Chicago suburb of Evanston in 1959 — but high interest rates and White real estate agents who seemed adamant about keeping him and other Black residents out of certain neighborhoods nearly discouraged him.
Continue ReadingBy Alexandra Peers, CNN Business A bottle of Champagne has sold for $2.5 million, eclipsing the auction record for bubbly and likely becoming the most expensive bottle of wine ever sold. But there’s a fizzy gimmick: the magnum of Champagne Avenue Foch, 2017, comes with a single NFT that includes the digital art and intellectual
Continue Reading macamilarincon (CNN Español) –– El Consejo de Gabinete de Panamá aprobó una serie de medidas para “frenar el aumento de la canasta básica y asegurar el abastecimiento de alimentos”, informó este martes la Presidencia en un comunicado. La decisión ocurre tras una semana de protestas de diversos grupos en varios puntos del país, que reclaman,
Continue ReadingBy Jeanne Sahadi, CNN Business Before the pandemic, many corporate leaders believed that allowing their employees to work from home would hurt productivity. But, in many cases, the pandemic proved otherwise. “Productivity [did not suffer] despite many companies going fully remote. Many thrived through that process and continue to hire at record pace,” said Ben
Continue Reading By The Associated Press The euro has hit parity with the dollar, falling to its lowest level in 20 years and even skirting just below a one-to-one exchange rate with the U.S. currency this week. That’s the market’s verdict on Europe’s economic prospects. The euro is falling as fears of a recession grow due to
Continue ReadingBy Catherine Thorbecke, CNN Business Google plans to slow its pace of hiring for the remainder of the year in the latest sign of tech companies rethinking staffing amid a market downturn that has hit Silicon Valley particularly hard. Sundar Pichai, CEO of Google and parent company Alphabet, announced the news on Tuesday in an
Continue ReadingCNN, CNNBUSINESS By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer sentiment at close to an all-time low, according to preliminary survey data released by the University of Michigan on Friday. The preliminary index for the university’s Surveys of Consumers rose to 51.1
Continue Reading By DAVID KOENIG AP Airlines Writer The summer is off to a profitable start for Delta Air Lines. The airline said Wednesday that it earned $735 million in the second quarter, as planes were packed with vacation travelers. Still, the earnings per share fell short of Wall Street expectations. Delta blames that on high fuel
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