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BBCNEWS World Business Report July 7, 2024

plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large ....

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FOXNEWS Americas Newsroom July 7, 2024

justice system. bill: the rap sheet a mile ago. girlfriend accused him of assault and he served two stints in prison and under the los angeles d.a. policies he was let off the hook, put on probation. a year later and we have two dead police officers and a town that is reeling. dana: on the left side of your screen are the two officers. they were both husbands and fathers. bill: they are just two of the more than 150 cops shot in the line of duty this year. at least two dozen shootings were fatal. jeff paul begins our reporting live in los angeles with more from there today. jeff. bill and dana we re getting a better grasp of what happened leading up to the moment when the two police officers were shot and killed. we ve obtained new security camera footage that shows how chaotic the scene was as shots were fired. [sirens and gunshots] in the timeline of this shooting the portion of the video took place there was a lot of gunfire. the officers were responding to ....

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FOXNEWS Outnumbered July 7, 2024

woman being stabbed at an l.a. hotel when they were shot by this man, justin flores. he had a long rap sheet. his girlfriend accused him of assault just one day before the shooting. he served two stints in prison and he was facing a third for possessing a firearm as a felon. that weapons charge could have sent him back to prison for three years. but under the liberal policies of los angeles da george gascon he was instead sentenced to two years probation and 20 days of time served one year later. after that, he slaughters two police officers. up until this week, corporal morales served 22 years. he now leaves behind a wife, daughter and a son. officer santana had only been on the police force for seven months. he leaves behind a wife, a daughter and twin boys who were reportedly born just this year. those are just two of the more than 150 officers shot in the line of duty this year. at least two dozen of those shootings have been deadly. tommy, i come to you first. not ....

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BBCNEWS The Context with Christian Fraser July 7, 2024

a breach of the minesterial code. tonight with the context, the spectator s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest rates by 0.75% which is the biggest jump in rates since 1994. and that has implications for all of us. here s the chair of the federal reserve, jerome powell. the current picture it s plain to see. the labour market is extremely tight, and inflation is much too high. against this backdrop, today the federal open market committee raised its interest rate by 0.75% in anticipation of ongoing incr ....

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FOXNEWS The Faulkner Focus July 7, 2024

points today. the numbers are dismal on the economy and the reality is, too. i m harris faulkner and you are in the faulkner focus . let s take a look at the dow. again, this has to do with how investors feel now. we dipped into bear market territory. we re no longer running with the bulls and while we don t talk all that much fancy talk on the faulkner focus in terms of money, what it means is your nest egg that you may get through your 401k on your job is not doing what it should be doing right now. don t plan to retire tomorrow. the experts are saying as well that investors are nervous because they can t figure out what s coming next. they know that this could be a predecessor for a recession and a pretty strong one. and that this is happening much more quickly than what the white house and the biden administration had promised america. the treasury secretary janet yellen recently apologizing, as if that would matter. we need action now. what does that look like? ....

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