Wednesday, September 28, 2022
Sept. 28, 2022

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Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022, at the Federal Reserve Board Building, in Washington. Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.

Powell’s stark message: Inflation fight may cause recession

Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022, at the Federal Reserve Board Building, in Washington. Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.

September 22, 2022, 9:35am Business

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Read story

FILE - Hiring sign is displayed at a restaurant in Highland Park, Ill., Thursday, July 14, 2022. Fewer Americans filed for unemployment benefits last week as the labor market continues to shine despite weakening elements of the U.S. economy. Applications for jobless aid for the week ending Aug. 27, fell by 5,000 to 232,000, the Labor Department reported Thursday, Sept. 1.  (AP Photo/Nam Y.

More Americans apply for jobless aid last week

FILE - Hiring sign is displayed at a restaurant in Highland Park, Ill., Thursday, July 14, 2022. Fewer Americans filed for unemployment benefits last week as the labor market continues to shine despite weakening elements of the U.S. economy. Applications for jobless aid for the week ending Aug. 27, fell by 5,000 to 232,000, the Labor Department reported Thursday, Sept. 1.  (AP Photo/Nam Y.

September 22, 2022, 9:20am Business

The number of Americans filing for jobless benefits rose slightly last week with the Federal Reserve pushing hard to cool the economy and tamp down inflation. Read story

Liz Weston: 6 new rules for smarter European travel

September 22, 2022, 6:30am Business

Tourism rebounded this summer in Europe — and Europe wasn’t ready. Pandemic-related staff shortages led to massive lines and flight cancellations at many airports; meanwhile, prices for hotels and taxis soared. Read story

A MAX Green Line train pulls into the Southeast Main Street station near Mall 205 in Portland.

C-Tran CEO Donaghy airs I-5 Bridge replacement plan worries

A MAX Green Line train pulls into the Southeast Main Street station near Mall 205 in Portland.

September 22, 2022, 6:03am Business

C-Tran’s CEO Shawn Donaghy recently raised concerns about a breakdown in communication between the Interstate Bridge Replacement Program and C-Tran. Read story

Norfolk Southern locomotives are moved in the Conway Terminal in Conway, Pa., Thursday, Sept. 15, 2022. (AP Photo/Gene J.

Deal that prevented rail strike still needs worker support

Norfolk Southern locomotives are moved in the Conway Terminal in Conway, Pa., Thursday, Sept. 15, 2022. (AP Photo/Gene J.

September 21, 2022, 4:09pm Business

A last-minute deal prevented a railroad strike for now, but many rail workers remain unhappy with working conditions, including some who protested outside their workplaces Wednesday ahead of votes to approve the new contracts. Read story

Senate Majority Leader Chuck Schumer, D-N.Y. speaks during a news conference following the Democrats policy luncheon meeting on Capitol Hill, Tuesday, Sept. 20, 2022, in Washington.

Senate ratifies international climate deal on refrigerants

Senate Majority Leader Chuck Schumer, D-N.Y. speaks during a news conference following the Democrats policy luncheon meeting on Capitol Hill, Tuesday, Sept. 20, 2022, in Washington.

September 21, 2022, 2:58pm Business

In a major action to address climate change, the Senate on Wednesday ratified an international agreement that compels the United States and other countries to limit use of hydrofluorocarbons, highly potent greenhouse gases commonly used in refrigeration and air conditioning that are far more powerful than carbon dioxide. Read story

A man bikes past the New York Stock Exchange, Wednesday, Sept. 21, 2022, in New York. Stocks are off to a modestly higher start on Wall Street ahead of a widely expected interest rate increase by the Federal Reserve. The S&P 500 was up half a percent in the early going Wednesday, as was the Dow Jones Industrial Average.

Stocks slump on Wall Street as Fed steps up inflation fight

A man bikes past the New York Stock Exchange, Wednesday, Sept. 21, 2022, in New York. Stocks are off to a modestly higher start on Wall Street ahead of a widely expected interest rate increase by the Federal Reserve. The S&P 500 was up half a percent in the early going Wednesday, as was the Dow Jones Industrial Average.

September 21, 2022, 2:15pm Business

Stocks closed lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months. Read story

FILE - A North Atlantic right whale feeds on the surface of Cape Cod bay off the coast of Plymouth, Mass., March 28, 2018. The state of Maine and a fishing group are appealing a federal judge's decision that new rules intended to protect endangered whales must stand. The judge denied a request from fishermen to stop federal regulators from placing the new restrictions on lobster fishing, earlier in Sept. 2022.

Fishermen appeal judge ruling that protects endangered whale

FILE - A North Atlantic right whale feeds on the surface of Cape Cod bay off the coast of Plymouth, Mass., March 28, 2018. The state of Maine and a fishing group are appealing a federal judge's decision that new rules intended to protect endangered whales must stand. The judge denied a request from fishermen to stop federal regulators from placing the new restrictions on lobster fishing, earlier in Sept. 2022.

September 21, 2022, 12:12pm Business

The state of Maine and a fishing group are appealing a federal judge’s decision that new rules intended to protect endangered whales must stand. Read story