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Economy

‘This tears my soul apart’: A Ukrainian boy and a killing

BUCHA, Ukraine (AP) — As he listened to his father die, the boy lay still on the asphalt. His elbow burned where a bullet had pierced him. His thumb stung from being grazed. Another killing was in progress on a lonely street in Bucha, the community on the outskirts of Ukraine’s capital, Kyiv, where bodies […]

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Business

Senate confirms Powell for 2nd term as Fed fights inflation

WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp […]

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Business

Baby formula shortage: What experts want parents to know

WASHINGTON (AP) — Many parents are hunting for infant formula after a combination of short- and long-term problems hit most of the biggest US brands. Millions of babies in the US rely on formula, which is the only source of nutrition recommended for infants who aren’t exclusively breastfed. Here’s a look at what’s behind the […]

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Business

US inflation dips from 4-decade high but still causing pain

WASHINGTON (AP) — Inflation eased slightly in April after months of relentless increases but remains near a four-decade high, imposing a continuing financial strain on American households. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest since […]