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Fed: Rates to stay ultra-low even after inflation picks up
WASHINGTON — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level.
Aug 27, 2020 10:20 AM
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Pence aide: NBA protest over Kenosha are 'absurd and silly'
WASHINGTON — Vice-President Mike Pence's chief of staff said Thursday that NBA protests over the police shooting of Jacob Blake in Kenosha, Wisconsin, are “absurd and silly.
Aug 27, 2020 9:59 AM
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Sean Penn ups fight against COVID-19 with relief expansion
LOS ANGELES — Sean Penn has expanded his fight against the coronavirus beyond his own expectations. The Oscar winner’s disaster relief organization CORE has gone from providing 6,500 tests in a couple weeks to administering more than 1.
Aug 27, 2020 9:51 AM
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More Americans sign contracts to buy homes in July
SILVER SPRING, Md. — More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that its index of pending sales rose 5.9%, to 122.
Aug 27, 2020 8:01 AM
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Artsy Edinburgh, laid low by the virus, hopes for recovery
EDINBURGH, Scotland — Francesca Moody is spending August the way she always does: in darkened rooms in Edinburgh, watching some of the best new theatre and comedy the world has to offer.
Aug 27, 2020 7:52 AM
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More than 1 million Americans file for unemployment, again
WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime
Aug 27, 2020 7:08 AM
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U.S. economy plunged an annualized 31.7% in second-quarter
BALTIMORE — The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest quarterly drop on record.
Aug 27, 2020 6:55 AM
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17-year-old arrested after 2 killed during unrest in Kenosha
KENOSHA, Wis. — A white, 17-year-old police admirer was arrested Wednesday after two people were shot to death during a third straight night of protests in Kenosha over the police shooting of a Black man, Jacob Blake.
Aug 27, 2020 6:15 AM
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New Zealand mosque shooter sentenced to life without parole
CHRISTCHURCH, New Zealand — The white supremacist who slaughtered 51 worshippers at two New Zealand mosques was sentenced Thursday to life in prison without the possibility of parole, the first time the maximum available sentence has been imposed in
Aug 27, 2020 5:53 AM
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Typhoon damages buildings, floods roads on Korean Peninsula
SEOUL, Korea, Republic Of — A typhoon barrelled through the Korean Peninsula on Thursday, damaging buildings, flooding roads and toppling utility poles before weakening into a tropical storm.
Aug 27, 2020 2:56 AM
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