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Business · WashingtonMinutes of the June 14-15 Federal Reserve meeting were released on Wednesday.Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation. They signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting, that their rate hikes could weaken the economy. But they suggested that such steps were necessary to slow price increases back to the Fed's 2% annual target.See the Story
Fed: Sharply higher rates may be needed to quell inflation
63% Center coverage: 22 sources
Europe · LondonBritain's antitrust watchdog said on Wednesday it has started investigating Microsoft's $68.7 billion deal to buy "Call of Duty" maker Activision Blizzard Inc. Federal Trade Commission is also examining the deal.See the Story
Microsoft's $69 billion Activision takeover faces competition probe in the UK
61% Center coverage: 23 sources
Business · WashingtonSenators on the Senate Intelligence Committee want the FTC to investigate TikTok and its parent company. They cite recent news reports that TikTok's parent company, China-based ByteDance, has been accessing data on U.S. users.See the Story
Two senators call for FTC probe into TikTok over U.S. data access
45% Right coverage: 20 sources
Latest News Stories
Europe · MiamiNorwegian Cruise Line is dropping a requirement that passengers test negative for COVID-19 before sailing. The company said Wednesday that testing will only be needed on ships departing from places where local rules still requires testing. The change starts Aug. 1 and will match what others in the travel industry are doing.See the Story
Norwegian drops pre-boarding COVID testing requirement
Coverage: 15 sources
Business · New YorkFor the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors' growing concerns about a U.S. recession that could crimp demand for oil.
See the Story
Oil drops below $100 a barrel for first time since early May
56% Center coverage: 16 sources
US & Canada · WashingtonProposed regulations would establish a "broader standard" for considering borrower defense claims. This includes expanding the types of misconduct that can qualify for such a claim to include "aggressive and deceptive recruitment practices" The move is yet another step in the Biden administration's effort to improve the student loan forgiveness system.See the Story
Biden administration plans to make sweeping changes to 'broken' student loan system
64% Center coverage: 14 sources
BusinessBy John McCrank and Megan Davies - Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a "few billion" on hand to shore up struggling firms that could further destabilize the digital asset industry, but that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who is from California but lives in the BahamasSee the Story
Crypto exchange FTX has "a few billion" to support industry - Bankman-Fried
83% Center coverage: 6 sources
BusinessShares of Resolute Forest Products Inc. RFP, -14.22% rocketed 65.3% to pace all premarket gainers. The forest products company agreed to be acquired in a deal with an enterprise value of $2.7 billion. Under terms of the deal, each Resolute share outstanding will be converted into a right to receive $20.50 per share.See the Story
Resolute Forest stock rockets on buyout deal valued at $2.7 billion by Paper Excellence Group
Coverage: 4 sources
FinanceRents continue to rise, putting pressure on would-be homebuyers. In the first half of 2022, rents increased by 5.4% nationwide, and by double-digit percentages in some major cities. Read MoreThis couple only rents their lake house to pay as you wish.See the Story
This couple only rents their lake house to 'pay as you wish' friends and rents continue to rise, putting pressure on would-be homebuyers. That's bad news for the Fed
100% Center coverage: 1 sources
InflationFed officials were "spooked" by the May CPI report and "they're not going to like the June one either," said Omair Sharif of Inflation Insights.See the Story
Fed officials upgraded inflation to 'a five-alarm fire' in a matter of six weeks, analyst says
100% Center coverage: 1 sources
BusinessThe dollar is trading at its strongest level against the euro in more than 20 years.See the Story
4 reasons why the U.S. dollar can rally to parity with the euro --- and beyond: Deutsche Bank
100% Center coverage: 1 sources
