In the U.S., a big reason why inflation remains above the Fed’s target is that distortions stemming from the pandemic are still keeping prices elevated.
Nation & World
National and world news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Fed indicated rates will remain higher for longer. What does that mean for you?
The central bank kept its key rate at a 20-year high of roughly 5.3%, where it has been since last August.
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Posted inBusiness, Nation & World
American Airlines profit cut augurs bleaker summer travel season
Airlines in the U.S. and Europe had previously expected fares to surge this summer.
Posted inArts & Entertainment, Nation & World, News
‘Home Alone’ house is on the market – without the booby traps – for $5.25 million
The current owners bought the home in 2012 for $1.59 million and renovated it in 2018, preserving its exterior and memorable features like the staircase Kevin slides down in numerous scenes, Dawn McKenna Group said online.
Posted inNation & World, News
Israel says it’s taken control of key area of Gaza’s border with Egypt awash in smuggling tunnels
The move comes as Israel has deepened its incursion into the southern Gaza city of Rafah, where hundreds of thousands of people seeking shelter from fighting elsewhere have been displaced.
Posted inNation & World, News
France’s Macron urges green light for Ukraine to strike targets inside Russia with Western weapons
French President Emmanuel Macron said that France’s position is that ‘we think we must allow (Ukraine) to neutralize the (Russian) military sites from which the missiles are fired.’
Posted inBusiness, Nation & World
Nissan warns owners of 84,000 older vehicles about risk of exploding air bag inflators
The urgent request comes after one person in a Nissan was killed by an exploding front-passenger inflator, and as many as 58 people were injured since 2015.
Posted inNation & World, News, Politics
Jurors in Trump hush money trial end 1st day of deliberations after asking to rehear testimony
Jurors, who will resume deliberations Thursday, also asked to rehear at least part of the judge’s instructions meant to guide them on the law.
Posted inNation & World, News
U.S. calls Algeria’s proposed UN resolution demanding Israel halt offensive in Rafah not helpful
The draft resolution demands that the cease-fire be respected by all parties and calls for the immediate release of all hostages taken during Hamas’ attack in southern Israel on Oct. 7.
Posted inAnimals, Life & Culture, Nation & World
Two new giant pandas are coming to Washington’s National Zoo from China
The Smithsonian’s National Zoo and Conservation Biology Institute has helped move the panda from ‘endangered’ to ‘vulnerable’ on the global list of species at risk of extinction.