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U.S. Fed raises rates by 50 basis points

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The U.S. Federal Reserve has raised interest rates by half a percentage point, and projected more rises to come in 2023, to rein in inflation.

 
The U.S. Federal Reserve has raised interest rates by half a percentage point, and projected more rises to come in 2023, to rein in inflation.

Policymakers are starting to move more cautiously, following signs that the most severe inflation in decades may be starting to ease.

The Federal Reserve has raised interest rates at an historically rapid pace this year, responding to inflation that is running at a 40-year high.

“It is likely that restoring price stability will require holding [interest rates] at a restrictive level for some time,” Powell said at a press conference. “History cautions strongly against prematurely loosening policy.”

“Despite some promising developments, we have a long way to go in restoring price stability.”

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TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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Writer’s strike fallout: theatres recycling films in lieu of fresh content?

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In an industry constantly looking towards the future, anniversary re-releases offer a welcome opportunity to celebrate the past.

In an era of nostalgia, anniversary re-releases of classic films like “Star Wars Episode 1: The Phantom Menace,” “Spider-Man 2,” and “Shrek 2” are captivating audiences anew.

From the thrill of podracing to the iconic battles between heroes and villains, these films offer a chance to relive cherished moments on the big screen.

Tobey Maguire’s Spider-Man swings back into action, Shrek and his crew return for another hilarious adventure, and the galaxy far, far away beckons once more.

As fans of all ages flock to theaters, these timeless classics remind us why great storytelling endures, bridging generations and captivating audiences with their magic.

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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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