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Month: October 2022

Despite turmoil, UK Treasury chief says economic plan stays

By DANICA KIRKA and JILL LAWLESS Associated Press LONDON (AP) — Britain’s Treasury chief has rejected suggestions that the Conservative government would reverse course on economic plans that have roiled financial markets. The comments came even after Prime Minister Liz Truss faced widespread criticism from her own lawmakers during a closed-door meeting. Treasury chief Kwasi

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Alex Jones’ conspiracy empire hangs in the balance after jury’s nearly $1 billion award to Sandy Hook families

By Oliver Darcy, CNN Business Judgment Day arrived on Wednesday for Alex Jones — and he said that it felt like he landed in Hell. “This must be what Hell’s like,” the notorious right-wing conspiracy theorist said on an Infowars livestream as a Connecticut jury awarded plaintiffs a staggering nearly $1 billion in damages. The

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Worsening inflation will pressure Fed to keep raising rates

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep raising interest rates aggressively. Consumer prices, excluding volatile food and energy costs, jumped 6.6%

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