Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible

[ad_1] Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, November 12 2018. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly acknowledged Wednesday that a near-certain series of interest rate hikes over the coming months could … Read more

Weekly jobless claims total 184,000, just above expectations in tight labor market

[ad_1] Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers. First-time claims for benefits in the week ended April 16 totaled 184,000, a decline of 2,000 from the previous week but just ahead of the Dow Jones estimate for … Read more

SpaceX signs first Starlink inflight Wi-Fi deal with charter carrier JSX

[ad_1] SpaceX signed its first deal to add Starlink satellite internet to an air carrier’s fleet of planes with semi-private charter company JSX, as Elon Musk’s firm moves into the in-flight Wi-Fi market. JSX CEO Alex Wilcox told CNBC on Thursday that the agreement with SpaceX covers service on up to 100 airplanes. JSX currently … Read more

Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May

[ad_1] Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month. “It is appropriate in my view to be moving a little more quickly” to raise interest rates, Powell said while part of an International Monetary Fund … Read more

Tyson Fury hints he will retire after knocking out Dillian Whyte to retain WBC heavyweight title

[ad_1] LONDON, ENGLAND – APRIL 23: Tyson Fury celebrates victory as referee Mark Lyson checks on Dillian Whyte after the WBC World Heavyweight Title Fight between Tyson Fury and Dillian Whyte at Wembley Stadium on April 23, 2022 in London, England. (Photo by Warren Little/Getty Images) Warren Little | Getty Images Sport | Getty Images … Read more

CDC says adenovirus may contribute to liver injury in healthy children after investigating Alabama cases

[ad_1] Adenovirus structure, computer illustration showing the surface structure of the virus’ outer protein coat (capsid). Kateryna Kon | Science Photo Library | Science Photo Library | Getty Images Nine children in Alabama with severe acute hepatitis, three of whom suffered liver failure, all tested positive for adenovirus and none of them had a history … Read more

Their son suffered horrible injuries, so these parents built a ‘Field of Dreams’ for kids of all abilities

[ad_1] A first of its kind inclusive complex, the RWJBarnabas Health Field of Dreams, will open Saturday in Toms River, New Jersey. The grand opening of the $3.6 million facility comes after nearly five years of planning and pandemic-related delays and challenges. The Toms River complex will focus on serving children with physical and social … Read more

Federal regulators propose revamp to fair lending and housing rules

[ad_1] Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Bank regulators on Thursday proposed the first sweeping changes in more than 25 years to a controversial … Read more