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Markets cheer after Powell downplays even larger rate hikes

The Dow Jones Industrial Average surged more than 900 points and the S&P 500 had its biggest gain in two years Wednesday after Federal Reserve Chair Jerome Powell downplayed the likelihood of an even larger interest rate hike after announcing the sharpest rate increase since 2000.

Fed raises key rate by a half-point in bid to tame inflation

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.

Advocates worry other rights at risk if court overturns Roe

Little doubt remains about what the Supreme Court plans to do with Roe v. Wade. But uncertainty abounds about ripple effects as the court nears a final opinion expected to overturn the landmark 1973 case that created a nationwide right to abortion.

Employers post record 11.5 million job openings in March

Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed.

Pfizer hopes to submit little-kid vaccine data by early June

Pfizer now hopes to tell U.S. regulators how well its COVID-19 vaccine works in the littlest kids by late May or early June. Pfizer is testing three extra-small doses of its vaccine in children under 5 after two shots didn’t prove quite strong enough.

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Justice Department Report Details Ongoing Sexual Abuse by Staff in California Prisons

A federal investigation spanning nearly two years has concluded...

Federal Judge Moves to Limit Immigration Detention Tactics Used in Los Angeles Raids

A federal judge in Los Angeles signaled Thursday that...

Federal Staffing Cuts Leave California Wildlife Refuge Struggling to Track Its Birds

Federal staffing shortages are leaving their mark on one...
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