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| Breaking News | Federal Reserve cuts key rate but signals higher bar for future reductions

Hot inflation dims likelihood Fed can achieve 'soft landing'

By CHRISTOPHER RUGABER
Jun 13, 2022 7:00 am - WASHINGTON (AP) - For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflati...
Czech brewer Budvar reports record export increase in 2021

The Associated Press
Jun 13, 2022 7:00 am - PRAGUE (AP) - Budvar, the Czech brewer that has been in a long legal dispute with U.S. company Anheuser-Busch over use of the Budweiser brand, increased its beer exports...
Asian benchmarks decline after bear market hits Wall Street

By YURI KAGEYAMA
Jun 13, 2022 7:00 am - TOKYO (AP) - Asian shares fell across the board Tuesday after Wall Street tumbled into a bear market, indicating that major U.S. benchmarks and individual stocks have fa...
Grains mostly lower, Livestock mixed

The Associated Press
Jun 13, 2022 7:00 am - Wheat for Jul. was up .25 cent at $10.71 a bushel; Jul. corn was off 4 cents at $7.6925 a bushel, Jul. oats rose 8.50 cents $6.5975 a bushel; while Jul. soybeans decline...
United Arab Emirates bans Pixar's 'Lightyear' from showing

By JON GAMBRELL
Jun 13, 2022 7:00 am - DUBAI, United Arab Emirates (AP) - The United Arab Emirates on Monday banned the upcoming Pixar animated feature 'œLightyear" from showing in movie theaters after its in...
Amazon executive to serve as CEO of logistics company

Associated Press
Jun 13, 2022 7:00 am - An Amazon executive who recently announced his surprising resignation from the e-commerce giant is joining logistics startup Flexport as its new CEO. Dave Clark will beg...
Germany eyes new cartel law as fuel tax cut falls short

The Associated Press
Jun 13, 2022 7:00 am - BERLIN (AP) - Germany's vice chancellor is proposing new powers for the country's antitrust agency to clamp down on oil companies amid disappointment over the limited ef...
Grains mostly lower, Livestock mixed

The Associated Press
Jun 13, 2022 7:00 am - Wheat for Jul. was up .25 cent at $10.71 a bushel; Jul. corn was off 4 cents at $7.6925 a bushel, Jul. oats rose 8.50 cents $6.5975 a bushel; while Jul. soybeans decline...
Spain: Algeria's ties with Russia behind row with Madrid

By CIARÃN GILES
Jun 13, 2022 7:00 am - MADRID (AP) - Spain's economy minister on Monday linked Algeria's decision to break a decades-old friendship treaty with Spain that has frozen economic links with what s...
Met Opera season had no COVID cancellations but sales down

By RONALD BLUM
Jun 13, 2022 7:00 am - NEW YORK (AP) - The Metropolitan Opera sold 61% of available tickets this season after returning from a 1ˆ½ year absence, managing 196 staged performances without a canc...

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