Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Powell hinted the labor market and economic growth may need to slow to ultimately achieve the Fed’s goal.
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Nokia to cut up to 14,000 jobs after 69% profit plunge
Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.
10/18: CBS Evening News
Biden pledges support for Israel in wartime visit; Netflix raising prices amid password sharing crackdown
UK inflation holds steady for September after Bank of England pauses rate hikes
U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month.
Live Updates: Biden heads to Israel; blast at Gaza hospital kills hundreds
The Gaza Health Ministry says at least 500 people were killed Tuesday when an airstrike hit a hospital compound in the center of Gaza City. But Israeli officials deny targeting …
Live updates: Biden to visit Israel; Blinken announces humanitarian aid plan for Gaza
50m ago Israel foils infiltration attempt from Lebanon, Israeli military says Israeli troops killed four militants attempting to infiltrate from Lebanon, the Israel Defense Forces (IDF) said Tuesday, as tensions …
Top economists unanimous on ‘higher for longer’ rates as inflation threats linger
Top economists and central bankers appear to be in agreement on one thing — and it’s not a good thing for global markets.
Gaza humanitarian crisis worsens; Biden says Israelis “have to go after Hamas”
The war between Israel and Hamas sparked by the Palestinian faction’s brutal terror attack has claimed more than 3,900 lives — and the toll continues to climb.
China says Israel’s actions in Gaza are ‘beyond self defense’ as U.S. races to avert wider conflict
Chinese Foreign Minister Wang Yi’s comments came as world leaders worked to prevent an escalation of the Israel-Hamas war into a broader Middle East crisis.
Israeli military “preparing to expand” attacks on Gaza Strip
31m ago Hamas confirms 3 fighters killed infiltrating Israel from Lebanon Hamas claimed responsibility Sunday for two infiltrations from Lebanon to Israel that killed three of its fighters, as war …