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US-ECONOMY-INFLATION
Soaring Rent, Food Costs Keep US Inflation on Front Burner; Labor Market Tight
By Lucia Mutikani, Reuters. WASHINGTON — U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve...
Fighters Scramble on Inter-Korean Border as Pyongyang Tests Another Ballistic Missile
SEOUL — North Korea fired an unidentified ballistic missile into the sea off its east coast, South Korea's military said on Friday, the latest in a series of launches by the nuclear armed country. A...
Long COVID at 12 Months Persists at 18 Months: Study
(Reuters) — Most patients with COVID-19 who have lingering symptoms at 12 months are likely to still have symptoms at 18 months, new data suggest. The findings are drawn from a large study of 33,281...
Wall Street Rallies, Technicals Help Market Rebound
NEW YORK (Reuters) — U.S. stocks ended sharply higher on Thursday, Oct. 13 as investors pulled back on Wall Street from bearish bets after a disappointing consumer prices report and as technical support helped drive...
Newly elected Iraqi President Abdul Latif Rashid has named Mohammed Shia al-Sudani as prime minister-designate and tasked him with forming a new government in Baghdad
Iraq Elects New President and Premier, Ending Stalemate
By Ahmed Rasheed and Amina Ismail, Reuters. BAGHDAD — Iraq’s parliament on Thursday, Oct 13, elected Kurdish politician Abdul Latif Rashid as president, who immediately named Mohammed Shia al-Sudani prime minister-designate, ending a year of deadlock...
Investors Worry About Hiring Outlook, Spending Before US Earnings
NEW YORK (Reuters) — The outlook for jobs and spending may be chief among concerns for investors heading into third-quarter U.S. earnings as expectations increase that the Federal Reserve will need to keep an aggressive...
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Netflix Ad-supported Plan to Launch in November at $7 a Month
Netflix Inc said on Thursday it will introduce a streaming plan with advertising for roughly $7 per month in November, a move to attract new subscribers after the company lost customers in the first half...
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Hundreds of Ukrainians Protest Outside of NATO Headquarters, Call for Weapons
Hundreds of Ukrainian protesters gathered in front of NATO headquarters on Oct. 13 as ministers of defence from the alliance met to discuss support for Ukraine. Protesters chanted for air defence systems and ammunition in...
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Google Faces EU Antitrust Charges Over Its Adtech Business, Sources
Alphabet unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros, people familiar...
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Biden Says Prices ‘too high’ as Inflation Rises Before Midterms
U.S. President Joe Biden's hopes that his party would head into the midterm elections with inflation receding were dashed on Thursday when the final report ahead of the November vote showed prices rising more than...
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Soaring Rent, Food Costs Keep US Consumer Inflation on Front Burner
U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve will deliver a fourth 75-basis-point interest...
Palestinians Head to the Streets to Protest Refugee Camp Lockdown
Hundreds of Palestinians protested at checkpoints into a major refugee camp in Jerusalem on Wednesday, Oct. 12 as shops across the West Bank were ordered closed. The shutdown comes on the heels of an Israeli...