Stocks Get No Respite as Traders Amp Up Fed Wagers: Markets Wrap
The stock market got little encouragement to sustain its rebound after the Federal Reserve signaled that interest rates will continue moving higher amid ongoing inflation concerns.
Bloomberg Business
Housekeeper’s Husband Charged With Murder in LA Bishop’s Death
The husband of a housekeeper for Auxiliary Bishop David O’Connell was charged with murder in the slaying of the Los Angeles cleric.
US Is ‘Watching Closely’ to See Whether China Gives Russia Lethal Aid
The US has warned China about providing Russia with weapons and other lethal aid for the invasion of Ukraine and is watching closely to ensure Beijing’s diplomatic and economic support to Moscow doesn’t go any further, State Department spokesman Ned Price said Wednesday.
FedEx Pilots Plan Strike-Authorization Vote as Labor Talks Stall
(Bloomberg) — FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.
Fed Inclined Toward More Hikes to Curb Inflation, Minutes Show
Federal Reserve officials continued to anticipate further increases in borrowing costs would be necessary to bring inflation down to their 2% target when they met earlier this month, though almost all supported a step down in the pace of hikes.
Charles River Sinks After Getting DOJ Subpoena in Lab-Monkey Probe
Charles River Laboratories International Inc. shares sank by the most in more than 15 months after saying it received a subpoena from the Department of Justice regarding an investigation into the Cambodian supply chain it uses to import monkeys for medical research.
Microsoft Bing AI Ends Chat When Prompted About ‘Feelings’
The search engine’s chatbot, now in testing, is being tweaked following inappropriate interactions
Sunrun Solar Installations Topple Record Set by Tesla’s SolarCity
(Bloomberg) — Sunrun Inc., the top US residential solar company, has surpassed an industry record that dates back seven years.
Blizzard Strands Travelers With ‘Impossible’ Conditions Across Midwest
A vast winter storm is pummeling the central US on the way to New England, dumping record amounts of snow, canceling hundreds of flights and coating roads with ice — but the same system is bringing record warmth to the South.
What to Watch as India Hosts G-20 Finance, Central Bank Chiefs
The world’s most powerful finance ministers and central bank chiefs are gathering this week, with the one-year anniversary of Russia’s invasion of Ukraine — and its impacts on the global economy — looming over an agenda focused on the risks of debt distress and fighting inflation.
