Latest Government policy News

North Korea's Kim calls for meeting to review state affairs

Nov. 30, 2022 20:16 PM EST

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un called for a major political conference before year's end where he's expected to address his increasingly tense relations with Washington and Seoul over the expansion of his nuclear and missile programs. North Korea’s...

Stocks rally after Fed chair signals slowdown in rate hikes

Nov. 30, 2022 17:09 PM EST

Wall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation. Fed Chair Jerome Powell, speaking at the Brookings...

How major US stock indexes fared Wednesday 11/30/2022

Nov. 30, 2022 16:24 PM EST

Stocks rallied on Wall Street after the head of the Federal Reserve said the central bank could soon ease up on its aggressive pace of interest rate hikes aimed at taming inflation. While citing some signs that inflation is cooling, Fed Chair Jerome Powell stressed Wednesday that...

Powell: Fed to keep rates higher for longer to cut inflation

Nov. 30, 2022 16:14 PM EST

WASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation. Yet in a...

Wall Street closes sharply higher after Fed Chair Jerome Powell signals slower interest rate hikes; S&P 500 up 3.1%

Nov. 30, 2022 16:07 PM EST
NEW YORK (AP) — Wall Street closes sharply higher after Fed Chair Jerome Powell signals slower interest rate hikes; S&P 500 up 3.1%.

Amazon deforestation in Brazil remains near 15-year high

Nov. 30, 2022 15:08 PM EST

RIO DE JANEIRO (AP) — Deforestation in the Brazilian Amazon slowed slightly last year, a year after a 15-year high, according to closely watched numbers published Wednesday. The data was released by the National Institute for Space Research. The agency’s Prodes monitoring system...

US job openings fell in October to still-high level

Nov. 30, 2022 11:40 AM EST

WASHINGTON (AP) — U.S. job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down...

The AP Interview: IMF head urges China to end mass lockdowns

Nov. 30, 2022 10:51 AM EST

BERLIN (AP) — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high...

US revises up last quarter's economic growth to 2.9% rate

Nov. 30, 2022 09:24 AM EST

WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter's rise in the U.S. gross domestic product — the...

Inflation in Europe eases but still in painful double digits

Nov. 30, 2022 07:46 AM EST

FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. ...