Dow drops over 800 points as investors worry about Fed interest rate hike to curb inflation

On Thursday, the Dow Jones Industrial Average fell 741.46 points, or 2.42%, while the S&P 500 fell 3.25% and the Nasdaq Composite dropped 4.08% as Wall Street was hit hard just one day after the Federal Reserve raised interest rates by 0.75% in an effort to control inflation. The Federal Reserve concluded a two-day policy …

Abbott manufacturing facility in Michigan halts production of baby formula due to severe weather

Abbott Nutrition was forced to pause production of baby formula at a Michigan manufacturing facility due to severe weather in the area that brought high winds, hail and power failures to where the factory is located in Sturgis, Michigan. The company expects production and distribution to be delayed for a few weeks as it cleans …

Federal Reserve orders .75% increase in interest rate in historic move to control inflation

On Wednesday, the Federal Reserve concluded a two-day policy meeting by raising key interest rates by .75% — something it hasn’t done in almost 30 years.  The move is seen as a necessary measure to get a handle on rising inflation. The last time the central bank increased rates by .75% was 1994 — just …

Dr. Anthony Fauci tests positive for COVID-19

Dr. Anthony Fauci, the United States’ top infectious diseases expert who has helped lead the nation through the COVID-19 pandemic, tested positive for the virus on Wednesday. The 81-year-old Fauci, who is the director of the National Institute of Allergy and Infectious Diseases, tested positive on a rapid antigen test. The NIAID said in a …

Senate Minority Leader Mitch McConnell announces support for bipartisan gun reform framework

Senate Minority Leader Mitch McConnell announced Tuesday he supports the framework agreement for a gun reform plan announced by a bipartisan group of senators over the weekend. A total of 60 votes would be required to pass the measure with the Senate split 50-50 between Republicans and Democrats. McConnell said during his weekly press conference …

Russian court extends detention by 18 days for WNBA star Brittney Griner

A Russian court on Tuesday extended pre-trial detention for American basketball star Brittney Griner, who was detained in February and so far has spent more than three months in prison on drug charges. Griner, 31, had been detained in Russia  after an airport stop for allegedly carrying vape cartridges with hashish oil in her luggage. …

Yellowstone National Park shuts down all entrances amid heavy flooding conditions

On Monday, Yellowstone National Park closed all entrances into the park amid heavy flooding conditions which caused rockslides, mudslides on roadways, and power outages in multiple areas of the park. The National Park Service (“NPS “) said in a statement: “Effective immediately, no inbound visitor traffic will be allowed into the park until conditions stabilize and …

Bear market hits Wall Street as Dow Jones tumbles 876 points, stocks, bonds, crypto dive

Wall Street plunged into what’s called a bear market on Monday, as investors grew increasingly fearful about a fragile economy and rising interest rates. The S&P 500 was more than 20% below its record set early this year. The Dow (INDU) sank 876 points or 2.8%. The Nasdaq was down by 4.7% and has tumbled …

20 bipartisan senators announce deal on gun legislation and mental health services

On Sunday, a bipartisan group of 20 senators announced an agreement on legislation including gun restrictions and mental health and school security investments in an effort to curb mass shootings. The 20 lawmakers — 10 Democrats and 10 Republicans — led by Sen. Chris Murphy, D-Conn., and Sen. John Cornyn, R-Texas, announced the package they …

Sarah Palin to advance to Alaska special House race in August

Former Governor of Alaska and Republican vice presidential candidate Sarah Palin is among a group of candidates projected to advance to Alaska’s four-person special House race in August. Palin, who is launching her first political campaign in the state since resigning as Alaska’s governor in 2009, has garnered 30% of the vote. Republican Nick Begich …