NEW YORK (AP) — U.S. stocks fell sharply Tuesday after disappointing inflation data made investors confront the bitter possibility that interest rates will stay high for months longer than they were hoping. The S&P 500 tumbled 1.4% as traders delayed forecasts for when the Federal Reserve will deliver the cuts to interest rates they crave…… MORE
Flight Attendants Picket in DFW & Across the World
(WBAP/KLIF) — Three separate unions representing flight attendants at major U.S. airlines picketed and held rallies at 30 airports Tuesday as they push for new contracts and higher wages. The flight attendants are increasingly frustrated that pilots won huge pay raises last year while they continue to work for wages that, in some cases, have…… MORE
Biden Calls on House to Act on Foreign Aid
WASHINGTON (AP) — President Joe Biden on Tuesday urgently called for House Republicans to get behind legislation that would send $60 billion to Ukraine for its fight against Russia. He warned that opposing it would play into “Putin’s hands.” “Supporting this bill is standing up to Putin, Opposing it is playing into Putin’s hands,” Biden…… MORE
Inflation Slowing But Slower Than Expectations.
Prices continued to rise in in January, but at a slowed pace; up from 3.4% to 3.1% on a twelve month basis, according to the U.S. Bureau of Labor Statistics. Core price growth was flat, at 3.9% as compared with December. The data for January slightly missed what was forecast; a reading of 2.9%, and…… MORE
Texas Republican Luttrell; Arizona’s Cotton, Introduce Measure to Use American Military to Capture or Kill Jalisco Cartel Leaders
By Kimberly James; WBAP and KLIF News, Dallas, Texas. Texas Republican Representative Morgan Luttrell and Arizona’s Tom Cotton have introduced a measure they say would help secure the border with Mexico. It would call on American Armed Forces to capture or kill leaders of the Jalisco Cartel. The Jalisco New Generation Cartel is one of…… MORE