Author: Steven Sahiounie

Washington, DCCNN —  Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes. It’s clear the central bank has become divided. But right now, financial markets see more than a 90% chance the central bank will agree to pause rate hikes next month, according to the CME FedWatch tool. “We saw the beginning of the division within the Fed in the minutes…

New YorkCNN —  US inflation has had a snowballing effect on family budgets. The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. That figure underscores the cumulative impact high inflation has had on consumer finances — even as price growth has cooled considerably in recent months. “High inflation of the past 2+ years has done lots of economic damage,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a post on X, the platform formerly known as Twitter. Most of that increase in spending is driven…

By, Ahmed Abdu-Almalik Al-Ansi, Yemeni journalist and translator. Washington has sent two warships and more than 3,000 sailors and Troops to the Red Seain response toTehran’s threat to commercial shippingas suspiciousmoves Minister of Defense: Whatever the justification of Western powers, this does not give them the right to interfere in Yemeni sovereignty or impose their influence on our territorial waters. YemeniDefenseMinister: Wearedirectingthe combat and militarytobe ready of the naval and coastal defense forces to levels that enable them to carry out any military tasks required by the requirements of the battle to protect maritime sovereignty. Chief of Staff of the Yemeni Navy,Naval General Mansour Ahmed Al-Saadi confirms that the Yemeni Navy…

President Mahmoud Abbas, Egyptian President Abdel-Fattah El -Sisi, and King Abdullah II of Jordan held today a three-way summit in the New El-Alamein City in Egypt. The three leaders discussed the latest developments in the Palestinian cause, ways to confront the Israeli government’s program and practices and stop its unilateral measures. They also tackled efforts to break the stalemate in the peace process to reach a just and comprehensive solution based on the two-state solution, international legitimacy, touching on coordinating positions to mobilize international support to end the suffering of the Palestinian people, reach their legitimate national rights in freedom and…

The Russian leader stressed that the forum had earned recognition as one of the world’s largest exhibitions of advanced military equipment, making a significant contribution to the development of Russia’s multifaceted ties with other countries Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said in a video address to participants in the Army-2023 forum. “Russia is open to deepening equal technological partnership and defense cooperation with other countries, that is, with all those who seek to protect their national interests and their independent path of development and believe that…

Polish government representatives have been publishing questions since Friday that they plan to include in the referendum The Polish government has published the latest question to be put to a nationwide referendum vote, which is planned to be held concurrently with the October 15 parliamentary elections. Defense Minister Mariusz Blaszczak announced on social media platform X (formerly Twitter) that the fourth referendum question will concern the wall on Poland’s border with Belarus. “Do you support the elimination of the barrier on the Polish border with Belarus?” reads the question, as published by the defense chief. “You will decide whether our…

Minister of Local Administration and Environment, Eng. Hussein Makhlouf, discussed Monday with Ambassador of the Republic of Serbia to Syria, Radovan Stojanovic , the relations of cooperation between the two friendly countries. Makhlouf noted the importance of humanitarian assistance provided by Serbia to Syria in the framework of response to those people affected by the earthquake, adding that the government put a plan to deal with the earthquake repercussions. The Minister pointed out that the challenges caused by unilateral Western economic measures, the accumulation of the effects caused by the terrorist war on Syria, and the repercussions of the earthquake…

New YorkCNN — Pump prices are creeping towards $4 a gallon nationally. The national average for regular gasoline hit $3.85 a gallon on Monday, according to AAA. That’s the highest level since October 19 and comes just weeks ahead of Labor Day weekend when millions of Americans will hit the roads. The summer spike in gas prices has eased, with the cost to drivers moving just gradually higher more recently. The national average is up by two cents over the past week. Still, gas prices have climbed by 28 cents over the past month and 32 cents since the Fourth of July as a…

New YorkCNN —  Coinbase is launching an independent nonprofit organization for advancing pro-crypto legislation through Congress, hoping to build on recent legislative and legal wins for the digital asset industry. The Stand with Crypto Alliance is America’s first independent advocacy group for the crypto community, Coinbase says. The organization’s primary mission is to mobilize support for legislation that would create a US regulatory framework for digital assets — something of a sore subject in the feud between crypto advocates and US regulators, who have fundamental disagreements about how the industry should operate. “I think a few politicians are seeing crypto as an easy shot to…

New YorkCNN —  Hawaiian Electric’s stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui’s devastating wildfires were caused by the utility’s energized power lines that were knocked down by strong winds. The utility says it provides power to 95% of the state’s residents. The suit alleges that Hawaiian Electric Industries “chose not to deenergize their power lines during the High Wind Watch and Red Flag Warning conditions for Maui before the Lahaina Fire started,” despite knowing the risks of sparking a fire in those conditions. The company…