By Alicia Wallace, CNN Business Another key measure of inflation set a fresh 40-year high in June, a month marked by record-high gas prices. The Personal Consumption Expenditures price index, which measures the change in the prices of goods and services purchased by consumers, rose by 6.8% in June as compared to the same period
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NEW YORK (AP) — Wall Street pointed higher ahead of the opening bell Friday and major indexes are on track for their first back-to-back weekly gains in four months despite a seemingly endless string of data that points to rising inflation. Futures for the S&P 500 gained 0.4% and futures for the Dow Jones industrials
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macamilarincon (CNN Business) –– Otra medida clave de la inflación se disparó a un nuevo máximo en 40 años en Estados Unidos durante junio, un mes que estuvo marcado por los precios récord de la gasolina. ANÁLISIS | ¿Está Estados Unidos en una recesión? Sí. No. Tal vez El Índice de Precios del Gasto de
Continue ReadingBy Web staff Click here for updates on this story SHREVEPORT, Louisiana (KTBS) — Shreveport police are looking for two or three men they believe are behind a string of carjackings that have taken place this week across the city. Nine incidents have been reported since early Monday morning. The carjackers were not successful in
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By INNA VARENYTSIA Associated Press ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy has visited a Black Sea port to watch crews prepare to export grain trapped by Russia’s five-month-old war. Zelenskyy said Friday that the first ship has been loaded since the war but others that have been stuck with their cargoes of grain
Continue Reading By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs. Friday’s government figures underscored the persistence of the inflation that is eroding
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CNN Editorial Research Here’s a look at the life of one of the most successful investment financiers in the world, George Soros. An active philanthropist, Soros has donated more than $30 billion to various causes over the years. Personal: Birth date: August 12, 1930 Birth place: Budapest, Hungary Birth name: György Soros Father: Tivadar Soros,
Continue Reading By CATHY BUSSEWITZ AP Energy Writer NEW YORK (AP) — Oil companies were swimming in record profits the last few months. They were benefiting from high energy costs at a time when Americans struggled to pay for gasoline, food and other basic necessities. Consumers faced high fuel prices not just at the pump, but also
Continue ReadingBy Annette Weston Click here for updates on this story MOREHEAD CITY, North Carolina (WLOS) — The Town of Morehead City is working with two aquatic restoration groups to protect Sugarloaf Island from continued shoreline erosion. One of the methods being considered would use offshore wave attenuation devices – hollow concrete structures meant to flatten
Continue ReadingBy Julia Horowitz, CNN Business When you think about a shrinking economy, what comes to mind? Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries. That’s not what America is seeing right now, even though the country’s gross domestic product has declined for two consecutive
Continue ReadingOpinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives A couple of months ago, when the consensus outlook for the economy was fairly sanguine, we warned that the economy was “close to entering a recession,” but that there was still time to make hay in the jobs market. But now that a recession
Continue ReadingBy Colin McCullough, Sonnet Swire and Dan Berman, CNN Washington, DC, Mayor Muriel Bowser is asking for aid from the DC National Guard to help with migrants being sent by bus from Texas, according to a letter obtained by CNN affiliate WUSA. The mayor’s office says the city is now at a “tipping point.” Texas
Continue Reading Alexandra Ferguson (CNN) — Después de días de inundaciones mortales que arrasaron con partes del este de Kentucky, el número de muertos aumentó a al menos 25. Los socorristas trabajaron el sábado para dar cuenta de los residentes desaparecidos, dijo el gobernador del estado. El gobernador Andy Beshear dijo que la cantidad de muertes “probablemente aumente”
Continue ReadingBy Hannah Mackenzie Click here for updates on this story ASHEVILLE, North Carolina (WLOS) — Five weeks after a fiery accident left him with second- and third-degree burns on 50% of his body, a Western North Carolina boy is making great strides in his recovery. Barrett McKim has been in the ICU at the burn
Continue Reading Melissa Velásquez Loaiza Hong Kong (CNN) — Un bailarín que se presentaba en un concierto en Hong Kong de la banda Mirror, agrupación de música popular cantonesa o cantopop, está en cuidados intensivos luego de que un panel gigante de video que cayó del techo lo golpeara. Cinco personas resultaron heridas cuando la pantalla, que
Continue ReadingBy Kevin Liptak and Alex Rogers, CNN House Speaker Nancy Pelosi plans to depart Friday for a tour of Asia, though whether she stops in Taiwan remains uncertain, a person familiar with the plans said. Pelosi’s trip includes stops in Japan, South Korea, Malaysia and Singapore — all US allies in the region. But a
Continue Reading CNN, WRAL, WTVD By Dianne Gallagher and Jacquelyne Germain, CNN The mass exodus of an entire police department after the hiring of a Black town manager in North Carolina has opened a conversation about public safety and race relations in a small town of just over 1,500 residents. Last week, the entire police department in
Continue Reading Alejandra Ramos (CNN Español) — El presidente de Argentina, Alberto Fernández, reestructuró este jueves su gabinete de ministros en respuesta a demandas de los integrantes de su coalición que le pedían “acción”. Sergio Massa, hasta ahora presidente de la Cámara de Diputados, asumirá al frente de un nuevo “superministerio” que es resultado de la combinación
Continue Reading By ZEKE MILLER Associated Press WASHINGTON (AP) — The Biden administration says it has reached an agreement with Moderna to buy 66 million doses of the company’s next generation of COVID-19 vaccine targeting the highly transmissible omicron variant. The administration says that’s enough for this winter for all who want the upgraded booster. Friday’s announcement
Continue ReadingCNN By Melanie Zanona and Manu Raju, CNN Senate GOP Leader Mitch McConnell had such a reputation for stopping Democratic legislation and keeping his conference together that he earned the nickname “the grim reaper.” But now he’s helped push through a string of major bipartisan victories that Democrats in particular are touting, splintering his own
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