Household wealth in the U.S. fell by around $500 billion from a $3 trillion stock market wipeout according to Fed data, but inflation is still the biggest concern for most Americans.
Consumer sentiment in the United States experienced a nosedive as more Americans became pessimistic in the face of stubborn inflation that has driven up costs for basic goods.
Inflation rebounded in May with a 8.6% increase, the highest seen by the United States economy since December 1981. This surge has been driven by runaway energy costs and the rising price of food.
Fresh data showing underlying U.S. inflation remained stubbornly hot in May are building a case for a longer string of sharp Federal Reserve interest rate hikes than previously expected, with policymakers primed next week to signal they will have to be more aggressive.
Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will need to get more aggressive on interest rate hikes to cool price pressures, with chances of a 75-basis-point rate hike seen rising and the policy rate expected to top 3% by year end.
Japan's Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China's expansion in the South China Sea to North Korea's nuclear missile programme.
As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement.
The Biden administration will scrap a paint scheme for Air Force One proposed by former President Donald Trump, after the Air Force determined the design would create too much heat for the presidential aircraft, a U.S.
The United States late Friday rescinded a 17-month-old requirement that people arriving in the country by air test negative for COVID-19, a move that follows intense lobbying by airlines and the travel industry.
The United States will drop from Sunday a 17-month-old requirement that people arriving in the country by air test negative for COVID-19, an official said, a move that follows intense lobbying by the airlines and the travel industry.
Uvalde schools police chief Pete Arredondo said he never considered himself the incident commander of the scene of last month's school shooting in Texas that killed 19 children and two teachers, and that he did not order police to hold back on breaching the building.
A cardboard sign that reads “out of gas” has been placed on the pumps outside the station in protest of the record high gas prices.
Power demand in Texas will likely break records on Friday and Monday as economic growth boosts usage and homes and businesses keep air conditioners cranked up to escape a lingering heatwave, after failing to reach that record high earlier this week.
"I felt a little shock. I felt it all over my body actually, and then I just didn’t let that stop me," the selfless young man said.
"Every time an officer is killed, regardless of if you knew them well or not, it’s a tragedy the same as losing a family member," Sheriff Bryan Bailey said. "Our heart is broken for his family and the Meridian Police Department."
"Was it a person with a strange hat who likes to walk at night? A large coyote on its hind legs? A Chupacabra? It is a mystery – for Amarillo to help solve," the officials said in a news release.
The U.S. Navy has confirmed one injury from the crash of an MH-60S at Imperial County, California.
The incident did not seem race-related, according to local police.
Paul Andrecola sold disinfectant wipes under the brand name "GCLEAN" and made false claims that the products could kill the coronavirus.
The man's brother doesn't believe he would have hurt the children. "He wasn’t some psycho trying to hurt kids," the brother said.
U.S. President Joe Biden and fellow leaders from the Western Hemisphere on Friday rolled out a new set of measures to confront the regional migration crisis, seeking to salvage an Americas summit roiled by division.
The United States on Friday unveiled a long list of measures to confront the migration crisis as President Joe Biden and fellow leaders prepared to issue a joint declaration thrashed out at a fractious Summit of the Americas.
U.S. President Joe Biden and fellow leaders of the Americas are set to pitch a plan designed to stem illegal migration and manage record migrant numbers as a regional summit roiled by diplomatic squabbling draws to a close on Friday.
A police officer who suffered a brain injury at the hands of rioters during last year's U.S.
German Chancellor Olaf Scholz sets off on a two-day tour of the Western Balkans on Friday in a bid to help reinvigorate their long-stalled campaign for European Union membership, ease regional tensions and fend off the influence of rival powers such as Russia.
Serbian President Aleksandar Vuvic appeared to rebuff pressure from German Chancellor Olaf Scholz on Friday for Serbia to join European Union sanctions on Russia over its invasion of Ukraine, saying he did not believe sanctions to be "efficient".
The House Select Committee also revealed Trump oversaw plans to overturn the results of the 2020 presidential election.
Russian shelling of the Azot chemical plant in the eastern Ukrainian city of Sievierodonetsk ignited a big fire on Saturday after a leak of tonnes of oil, the regional governor said, as the battle for the city raged on.
Ukraine pleaded to Western countries for faster deliveries of weapons as better-armed Russian forces pounded the east of the country, and for humanitarian support to combat growing outbreaks of deadly diseases.
Ukraine sought more help from the West on Friday, pleading for faster deliveries of weapons to hold off better-armed Russian forces and for humanitarian support to combat the march of deadly diseases.
