Lagging behind Russia in developing hypersonic weapons, the U.S. Navy is rushing to field its first, with installation on a warship starting as soon as late next year.
Russia escalated its bombardment of the Ukrainian capital and launched new assaults on the port city of Mariupol, making bloody advances on the ground as Ukraine’s president prepared Wednesday to make a direct appeal for more help in a rare speech by a foreign leader to the U.S. Congress.
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.