Fed Governor Bowman sees 'similarly sized' rate hikes ahead after three-quarter point moves

Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big interest rate increases and thinks they are likely to …

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Alex Jones is ordered to pay $45.2 MILLION in punitive damages to Sandy Hook families

Conspiracy theorist Alex Jones has been ordered to pay $45.2 million in punitive damages to the family of slain 6-year-old Jesse Lewis, one of the 26 people were shot dead in the Sandy Hook massacre.  That’s in addition to the $4 million in compensatory damages the InfoWars host was ordered to pay yesterday to parents Neil …

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Danger ahead: The U.S. economy has yet to face its biggest recession challenge

A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an …

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Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Check out the companies making …

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Elderly woman and man visiting DC from Wisconsin have died after being hit by lightning

Man, 75, and man, 76, visiting DC from Wisconsin have died after being hit by lightning while sightseeing near the White House: Two others remain in hospital  Donna Mueller, 75, and James Mueller, 76, were among the four injured by a lightening strike near the White House on Thursday The pair were visiting from Wisconsin …

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Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market

Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6% respectively. Wage growth also surged higher, as average …

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Kamala Harris is slammed as a hypocrite after she condemns Brittney Griner's sentencing

Vice President Kamala Harris has been slammed online as a hypocrite after she condemned Russian officials for sentencing basketball star Brittney Griner to nine years in prison for drug smuggling. The WNBA star was found guilty on Thursday by a judge who rejected her claim she accidentally brought a marijuana pen into the country. Prosecutors …

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White House plans to declare monkeypox outbreak a state of emergency 

The Biden Administration plans to declare a public health emergency over the nation’s monkeypox outbreak Thursday afternoon as confirmed U.S. cases rose to 6,600. Officials close to the matter say the move will allow ‘greater flexibility’ in how vaccines are dished out, and let regulators fast-track approvals for medications against the virus. It is expected …

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Visa suspends card payments for ad purchases on PornHub and MindGeek amid controversy

Al Kelly Mark Neuling | CNBC Visa is suspending card payments for advertising on Pornhub and its parent company MindGeek after a lawsuit stoked the controversy that the payments giant could be facilitating child pornography. A federal judge in California on Friday denied Visa’s motion to dismiss a lawsuit by a woman who accuses the …

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