Tag: key
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Once key, U.S. newspaper editorial endorsements fade away
NEW YORK (AP) — Newspaper endorsements are fading away as prizes to be nabbed by political campaigns, the practice a victim of both the news industry’s troubles and the era’s bitter politics. Earlier this month, newspapers controlled by Alden Global Capital said they would no longer endorse candidates for president, governor and the U.S. Senate.…
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Fed chief Jerome Powell unconvinced U.S. is in recession after raising key interest rate
The Federal Reserve raised a key interest rate again by three-quarters of a percent on Wednesday to contain soaring inflation, but Fed Chairman Jerome Powell said he doesn’t see evidence of a recession and suggested that future rate increases will be smaller. Stocks soared on the development. The Fed announced the fourth increase in the…