Inflation just fell when rate hikes were paused. So why should the Fed keep hiking?
Inflation cooled for the 12th consecutive month in June, moving to 3% from 4% in May, according to the latest Consumer Price Index data from the Labor Department.
2023-07-13 03:47
Wall Street Overhauls Euro Calls After Dollar Slide Upends Bets
Wall Street strategists are rejiggering their currency recommendations after the euro rose to its highest against the US
2023-07-13 03:47
Biden wants voters to notice inflation drop. Republicans say people are put off by everyday prices
The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency
2023-07-13 03:45
The New York Yankees Uniform Patch is Offensive to Baseball's Rich History
The New York Yankees unveiled the new patch they'll be wearing their uniform today. According to the New York Post, Starr Insurance will pay more than $20 milli
2023-07-13 03:26
Biden hails ‘unbroken’ Ukrainian people in Nato speech to spirited crowd of 10,000 - and one Trump fan
President Joe Biden on Wednesday hailed the “unbroken” people of Ukraine and the “incredible dignity” with which they’ve acted to repel Russia’s invading forces as he pledged on behalf of the Western world to maintain support for Kyiv’s defence for as long as necessary. Mr Biden delivered his remarks to a boisterous crowd who’d gathered hours ahead of time to hear him speak in the Great Court at Vilnius University, following the conclusion of this year’s Nato leaders’ summit, at which leaders of the 31-member defence alliance agreed to expedite Ukraine’s bid for membership in the bloc once the war with Russia has been brought to a close. The president, who was also met with one person in the crowd who held a sign marking him as a supporter of his predecessor, Donald Trump, noted the history of the place where he was speaking, and recalled how the Lithuanian yellow, green and red tricolour flag remained aloft outside the country’s diplomatic mission to Washington, even throughout the Soviet occupation of Lithuania. He said some of the older attendees in the crowd would “know better than anyone how precious the right to determine your own future is,” and praised Lithuania and the other Baltic states — Estonia and Latvia — for their strenuous advocacy for Ukraine’s defence and for Kyiv’s bid for membership in Nato. Mr Biden said that all parties involved “want this war to end,” but only on terms that will “uphold the basic principles” of the UN charter concerning national sovereignty and territorial integrity, calling those concepts “two pillars of peaceful relations among nations”. “One country cannot be allowed to seize his neighbour territory by force,” he said, adding that Moscow “could end this war tomorrow” by pulling back Russian forces from all of Ukraine’s territory, with the caveat that Moscow “has shown thus far no interest” in such an outcome because Russian president Vladimir Putin “still wrongly believes that he can outlast Ukraine”. “He can't believe it's their land, their country and their future and even after all this time, Putin still doubts their staying power,” Mr Biden said, adding that the Russian leader is “still making a bad bet” by thinking that the “conviction and the unity among the United States and our allies and partners will break down”. “He still doesn't understand that our commitment, our values, our freedom is something he can never, never, ever ever walk away from. It's who we are,” he said. “The defence of freedom is not the work of a day or a year. It's the calling of our lifetime — of all time. We’re steeled for the struggle ahead, our unity will not falter, I promise you”. Mr Biden added that the US and Western commitment to Ukraine’s defence “will not waver”. “Our commitment to Ukraine will not weaken. We will stand for liberty today, tomorrow, and for as long as it takes,” he said. The president’s remarks echoed another rousing speech he delivered in Warsaw five months ago, when he pledged “unwavering” support for Ukraine’s defence and Nato’s unity less than 24 hours after a surprise visit to Kyiv. At the time, he pledged that Ukraine “will never be a victory for Russia,” and it appears that the rest of the West is on board with Mr Biden’s plans. In addition to the Nato leaders who gathered in Vilnius this week, Japanese Prime Minister Fumio Kishida travelled there to unveil a new joint declaration from the Group of Seven in support of Kyiv’s defence. In remarks delivered following the G7 leaders’ session, Mr Biden said the joint declaration will “make it clear” that support for Kyiv from the world’s largest democracies “will last long into the future”. “This starts a process by which each of our nations and any other nation who wishes to participate will negotiate long-term bilateral or security commitments with him to Ukraine. We’re going to help Ukraine build a strong capable defence across land, air and sea ... which will enforce stability in the region and deter against any and all threats,” he said. Mr Biden reiterated the same sentiment a short time later during a bilateral meeting with Ukrainian president Volodymyr Zelensky. He praised Mr Zelensky, the actor-turned-politician who has served as Ukraine’s leader since 2019, as having “done an enormous job” and promised that the US and its allies would “make sure that you get what you need”. “And I look forward to the day when we’re having the meetings celebrating your official membership in Nato, so thank you for what you’re doing,” he said. For his part, Mr Zelensky thanked the US president for his recent decision to provide Kyiv with cluster munitions for use against Russian troops on Ukrainian soil, telling Mr Biden that the move “will help us to save us”. The announcement of the joint declaration and the meeting between Mr Biden and Mr Zelensky came after days of tension between the Ukrainian leader and his other Western counterparts over Ukraine’s prospects for membership in Nato. While the US and many other Nato nations had been skittish about giving Ukraine a path to rapid membership while the war with Russia continues, other states have pushed for an immediate change in Kyiv’s status. But the joint declaration — and an announcement from Nato that Ukraine could skip the Membership Action Plan previously laid out for the country’s membership bid and join at a future date post-war — appeared to smooth over the tension between the allies and the Ukrainian leader. Asked how long it would take for Nato to accept Ukraine once the war was over, Mr Biden quipped: “An hour and 20 minutes”. Read More Biden says support for Ukraine ‘will not waver’ in fiery Vilnius speech after Zelensky Nato meeting - live Biden and Zelenskyy praise each other despite divisions over Ukraine war Ukraine’s greatest weapon isn’t on the battlefield The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-07-13 03:21
Police say there's no sign of crime by BBC presenter who allegedly paid teen for sexual photos
London police say there's no evidence that a BBC presenter who allegedly paid a teenager for sexually explicit photos committed a crime
2023-07-13 03:17
'I bit him': Six-year-old Miami girl fends off alleged kidnapper
A six-year-old girl managed to evade a kidnapping by using the only weapon she had at her disposal -- her
2023-07-13 03:16
Arizona man targeted by January 6 conspiracy theorists sues Fox News for defamation
Ray Epps, the Arizona man that conspiracy theorists falsely claim led an FBI plot to orchestrate the January 6 insurrection, filed a lawsuit on Wednesday against Fox News, accusing the right-wing channel and former host Tucker Carlson of defamation.
2023-07-13 03:16
GAA should follow BBC streaming example - senator
The GAA and RTÉ were among those giving evidence to an Irish parliamentary committee about streaming service GAAGO.
2023-07-13 02:58
Pioneering Anchor Brewing Co. to halt operations after 127 years with beer sales in decline
San Francisco’s 127-year-old Anchor Brewing Co. will shut down after years of declining sales, citing tough economic conditions
2023-07-13 02:57
Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers
By Ananya Mariam Rajesh, Granth Vanaik and Arriana McLymore (Reuters) -Amazon.com's Prime Day two-day shopping event saw U.S. online sales
2023-07-13 02:57
Sarah Silverman and novelists sue ChatGPT-maker OpenAI for ingesting their books
Ask ChatGPT about comedian Sarah Silverman’s memoir “The Bedwetter” and the artificial intelligence chatbot can come up with a detailed synopsis of every part of the book
2023-07-13 02:54
