ROME (AP) — Italy’s No. 1 fugitive, convicted Mafia boss Matteo Messina Denaro, was arrested on Monday at a private clinic in Palermo, Sicily, after 30 years on the run, Read more
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U.S. stocks could fall 10% as ‘pain trade’ takes hold before bouncing back later in the year
The year ahead is promising not to be an easy one for investors as a recession threat looms, but Bank of America is offering some advice on when things might Read more
U.S. import prices rise for first time in six months
The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more
Treasury yields fall after U.S. inflation data
Treasury yields fell Thursday, after an eagerly awaited U.S. December consumer-price index reading showed inflation continued to slow, in line with expectations. What’s happening The yield on the 2-year Treasury Read more
Pentagon drops COVID-19 vaccine mandate for troops
WASHINGTON — The Pentagon formally dropped its COVID-19 vaccination mandate Tuesday, but a new memo signed by Defense Secretary Lloyd Austin also gives commanders some discretion in how or whether Read more
Kevin McCarthy speaker drama enters fourth day: Watch the House vote here.
Drama over who will be the next speaker of the U.S. House of Representatives entered a fourth day Friday, as California Republican Kevin McCarthy failed to win the gavel after Read more
Dow up nearly 400 points as pace of jobs growth, wage gains cool in December
U.S. stocks advanced Friday, with the Dow rising nearly 400 points, as monthly Labor Department data showed the pace of job creation cooled in December while wage gains slowed, fueling Read more
Citi has just cut its rating on U.S. stocks to underweight. Here’s why and what it prefers.
While leading indicators seem to be suggesting both that the U.S. economy is headed for a downturn and that price pressures are cooling, the Federal Reserve seems determined to wait Read more
Still no House speaker? Salaries in limbo, taxpayers’ requests turned away
If you’ve got a problem that you want your member of Congress to help solve, you may have a bigger problem at the moment: getting a response from their office. Read more
Kevin McCarthy speaker drama enters third day: Watch the House vote here
The U.S. House of Representatives is scheduled to meet at noon on Thursday to resume consideration of who’ll be its next speaker, amid intensifying drama following six straight failed attempts Read more