- Macro MattersFed lifts rates by half point, starts balance sheet reduction June 1, article with video
The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank's chief made an appeal to Americans struggling with high inflation to be patient while officials take the hard measures to bring it under control.
- EuropeEU plans Russian oil ban; Ukraine reports heavy eastern assault
The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Moscow pressed an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills.
- United StatesBiden lashes out at Republicans' 'extreme' MAGA agenda, touts deficit reduction, article with image
President Joe Biden sharply criticized former President Donald Trump's "MAGA" movement as extreme on Wednesday while touting his Democratic administration's efforts to reduce the U.S. deficit, which rose under his Republican predecessor.
- AfricaGuinea orders legal proceedings against ousted President Conde
Guinea's attorney general has ordered legal proceedings against ousted President Alpha Conde and 26 of his former officials over violence surrounding Conde's disputed bid for a third term, a court document showed on Wednesday.
Abortion debate in the United States
Talking Points
- Autos & TransportationUber to Wall Street: We're not Lyft, article with video
- Aerospace & DefenseAirbus sets record jet output goal with new U.S. line, article with image
- Healthcare & PharmaceuticalsRegeneron's COVID drug sales outside U.S. help revenue beat, article with image