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US stocks closing lower after Fed rate decision
Stock indexes are closing lower on Wall Street after a getting a brief boost Wednesday from the Federal Reserve’s decision to leave interest rates unchanged at nearly zero. The central bank also issued a less dire outlook for economic growth and unemployment. The S&P 500 was down 0.5% after having been up 0.6% following the 2 p.m. Eastern Fed announcement. Technology stocks led the slide, outweighing gains in financial, industrial and energy companies. Package delivery giant FedEx surged after the boom in online shopping during the pandemic drove stronger profit growth than expected in its latest quarter.
Trump appeals order blocking exclusion in district drawing
ORLANDO, Fla. (AP) — A week after a three-judge panel blocked an order from President Donald Trump seeking to exclude people in the U.S. illegally from the numbers used to determine how many congressional seats each state gets, the Trump administration on Wednesday gave notice it intends to appeal.
US stocks shed gains after Federal Reserve’s rate decision
U.S. stocks were losing some of their gains Wednesday as a brief rally following the Federal Reserve's latest interest rate policy update faded. The central bank signaled it will keep interest rates near zero into 2023 and issued a slightly less dire outlook for economic growth and unemployment this year.
The Latest: Downed power lines sparked 13 Oregon fires
The Latest on wildfires in the U.S. West (all times local):
US denies sending American accused of spying in Venezuela
CARACAS, Venezuela (AP) — A senior U.S. official on Wednesday rejected claims that the government sent an American citizen to Venezuela where he’s been charged with plotting terrorist attacks and labeled a spy.
Agency to review spending by utility tied to bribery probe
CLEVELAND (AP) — A regulatory agency that oversees utility rates in Ohio has asked an electric company tied to an alleged $60 million bribery scheme to show it did not use customers' money to support passage of legislation to subsidize two struggling nuclear power plants.
Latest: Report: downed power lines sparked 13 Oregon fires
The Latest on wildfires in the U.S. West (all times local):
US stocks tick up after Federal Reserve’s rate decision
Stocks moved broadly higher in afternoon trading Wednesday after the Federal Reserve signaled its decision to leave interest rates unchanged at nearly zero. The central bank also issued a slightly less dire outlook for economic growth and unemployment.
The Latest: Several boats sunk at Florida pier as Sally hits
Here are the latest developments on tropical weather:
Editorial Roundup: US
Excerpts from recent editorials in the United States and abroad:
Mayors vow to launch guaranteed income programs across US
SACRAMENTO, Calif. (AP) — A growing number of mayors across the country support giving cash to low-income families with no restrictions on how they can spend it — part of a growing movement to establish a guaranteed minimum income to combat poverty and systemic racism.
Prosecutor: Former Atlanta CFO stole money, had machine guns
ATLANTA (AP) — The former chief financial officer for the city of Atlanta has been charged in a federal indictment with crimes stemming from his time in office, including allegedly stealing tens of thousands of dollars from the city for personal expenses, federal prosecutors announced Wednesday.
The Latest: Sally weakens to tropical storm on Gulf Coast
Here are the latest developments on tropical weather:
The Latest: Gov: Parts of Alabama seeing historic flooding
Here are the latest developments on tropical weather:
State denies improper IG firing, defends Saudi arms sales
WASHINGTON (AP) — The State Department on Wednesday rejected Democrats' charges of improperly firing its independent inspector general and defended its weapons sales to Saudi Arabia.
The Latest: Coast Guard helicopters flying over Gulf Coast
Here are the latest developments on tropical weather (all times local):
Werner settling in at Chelsea ahead of visit of Liverpool
If the world had not been gripped by a pandemic, Timo Werner might easily have been walking out in a red jersey when Chelsea meets Liverpool in the first blockbuster match in the Premier League on Sunday.
Former Atlanta CFO indicted for fraud, having machine guns
ATLANTA (AP) — The former chief financial officer for the city of Atlanta has been charged in a federal indictment with crimes stemming from his time in office, including allegedly stealing tens of thousands of dollars from the city for personal expenses, federal prosecutors announced Wednesday.
1 wedding may undo Maine's virus fight, officials say
PORTLAND, Maine (AP) — A rural church wedding and reception on a beautiful day in the shadow of Mount Katahdin was no doubt a happy day. But it has spread misery ever since.
High-tech UK-US ship launched on 400th Mayflower anniversary
PLYMOUTH, England (AP) — With a splash of Plymouth gin, the U.S. ambassador to Britain officially launched a ship named Mayflower on Wednesday, 400 years to the day after a wooden vessel with that name sailed from an English port and changed the history of two continents.