- Macro MattersFed raises rates by half point, starts balance sheet reduction June 1, article with gallery
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 a direct appeal to Americans struggling with high inflation to hang tough while officials take the hard measures to bring it under control.
- EuropeEU aims for Russian oil ban as Ukraine says battlefield assault intensifies
The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills.
- Healthcare & PharmaceuticalsExplainer: Can pill prescriptions overcome U.S. state abortion bans?, article with gallery
If the U.S. Supreme Court reverses its landmark 1973 Roe v. Wade decision guaranteeing abortion rights nationwide, demand for abortion pills, which can be prescribed through online telemedicine visits, will likely rise. Conservative states have already rushed to restrict the practice, and if Roe falls, they will be able to ban it altogether, experts say.
- Autos & TransportationUber to Wall Street: We're not Lyft
Uber Technologies Inc on Wednesday said it had no need to boost incentives further to lure more drivers and forecast a strong second quarter, a day after rival Lyft said it needed to spend more for labor in the coming months.
Abortion debate in the United States
Talking Points
- Healthcare & PharmaceuticalsModerna sees higher COVID vaccine sales later this year, article with image
- Aerospace & DefenseAirbus sets record jet output goal with new U.S. line, article with image
- Autos & TransportationVolkswagen sticks to outlook as size offset supply chain woes, article with video
- Healthcare & PharmaceuticalsModerna sees higher COVID vaccine sales later this year, article with image