- MarketsThe U.S. economy is shrinking. The Fed's rate hikes may have only just begun to bite, article with gallery
The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates by three quarters of a percentage point to a range of 2.25%-2.50% in an effort to slow growth and ease price pressures.
- TechnologyApple forecasts faster sales growth, strong iPhone demand despite glum economy
Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.
- United StatesDemocrats hope to dodge 'booby traps' to pass U.S. Senate climate, drugs bill, article with gallery
U.S. Senate Democrats aim to dodge "booby traps" including COVID and surprises from within their own ranks to pass a $430 billion drugs and climate change bill agreed to by Majority Leader Chuck Schumer and maverick Democratic Senator Joe Manchin after months of talks.
- TechnologyU.S. Congress passes long-awaited bill to boost chipmakers, compete with China
The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm elections.
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How Russia spread a secret web of agents across UkraineThe strategy helped Russia capture Chornobyl with little resistance
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- Kentucky floods kill 3, death toll may reach double digits, governor says, article with videoUnited States ·
July 28, 2022 · 8:56 PM UTC · undefined agoFlooding in eastern Kentucky has caused at least three deaths, Governor Andy Beshear said on Thursday, and the death toll may reach double digits as water continues to rise.