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Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed

Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed

WASHINGTON (AP) — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but said it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target.
SEC approves rule that requires some companies to publicly report emissions and climate risks

SEC approves rule that requires some companies to publicly report emissions and climate risks

WASHINGTON (AP) — The U.S.
Yemen Houthi attack on a ship kills 2, marking the rebels' first fatal assault on shipping

Yemen Houthi attack on a ship kills 2, marking the rebels' first fatal assault on shipping

DUBAI, United Arab Emirates (AP) — A missile attack by Yemen's Houthi rebels on a commercial ship in the Gulf of Aden killed two of its crew members and forced survivors to abandon the vessel on Wednesday, authorities said, the first fatal strike in
Egypt floats its currency, agrees with the IMF to increase bailout loan to $8 billion

Egypt floats its currency, agrees with the IMF to increase bailout loan to $8 billion

CAIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency
US job openings stay steady at nearly 8.9 million in January, a sign labor market remains strong

US job openings stay steady at nearly 8.9 million in January, a sign labor market remains strong

WASHINGTON (AP) — U.S. job openings barely changed in January but remained elevated, suggesting that the American job market remains healthy. The Labor Department reported Wednesday that U.S. employers posted 8.
Text of the Bank of Canada's latest interest rate decision

Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.
Stock market today: Wall Street opens higher and recovers much of the ground it lost a day earlier

Stock market today: Wall Street opens higher and recovers much of the ground it lost a day earlier

NEW YORK (AP) — Stocks are recovering much of their sharp losses from the day before, which was Wall Street’s worst in three weeks. The S&P 500 was 0.7% higher early Wednesday. The Dow rose 240 points, and the Nasdaq composite was 1% higher.
Canada Infrastructure Bank and First Nations Bank sign infrastructure loan deal

Canada Infrastructure Bank and First Nations Bank sign infrastructure loan deal

SASKATOON — The Canada Infrastructure Bank has signed a $100-million deal with the First Nations Bank of Canada to help Indigenous communities borrow money to build infrastructure.
British governing party announces tax cuts that it hopes can lift ailing election fortunes

British governing party announces tax cuts that it hopes can lift ailing election fortunes

LONDON (AP) — British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party ranks with a series of tax cuts that he hopes can turn the political dial ahead of a general election this year.
Shania Twain now has a Barbie modelled after her: 'My own projection of myself'

Shania Twain now has a Barbie modelled after her: 'My own projection of myself'

As a young girl, Shania Twain says she used to make her own dolls, modelled after Barbie. Her family couldn't afford to buy her the real deal, Twain says, so she took matters into her own hands.