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Month: September 2024

Key takeaways from the Fed’s decision to deliver a jumbo-sized interest rate cut

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than

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Justice Department disrupts vast Chinese hacking operation that infected consumer devices

Associated Press WASHINGTON (AP) — FBI Director Chris Wray says the FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations. The hacking campaign known as Flax Typhoon installed malicious software on thousands of internet-connected devices, including cameras, video recorders, and home

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North Carolina’s highest court hears challenge to law allowing more time for child sex abuse suits

Associated Press RALEIGH, N.C. (AP) — North Carolina’s highest court is weighing whether a state law that gave adults who were victims of child sexual abuse two additional years to seek civil damages is constitutional or not. The state Supreme Court heard Wednesday five cases involving individuals who sued based on changes in a 2019

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UN members vote to demand Israel end occupation of Palestinian territories within 12 months

By Christian Edwards, CNN (CNN) — United Nations members voted overwhelmingly on Wednesday to demand that Israel end its occupation of Palestinian territories within 12 months. The resolution was adopted in the UN General Assembly after receiving 124 votes in favor. Fourteen countries voted against, including the United States, Hungary, Israel, Argentina, Czechia, Fiji, Malawi,

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