Headline News from The Associated Press
AP Headline News - Jul 09 2024 12:00 (EDT)
AP News, I'm Ed Donoghue, Fed Chair Jerome Powell did not give the Senate Banking Committee and Wall Street investors what they wanted to hear today. When will the Fed start cutting interest rates? Elevated inflation is not the only risk we face. Reducing policy restraint too late or too little could unduly weaken economic activity and employment. Powell said the Fed is dealing with a cooling job market as well as persistently high prices. He didn't say it, but Powell is suggesting there could be a rate cut soon. The director of the Children's Hospital in Ukraine's capital, Kyiv, that was hit by a Russian missile is detailing the losses there. "The 10-story hospital, which is Ukraine's largest medical facility for children, was carrying for some 675 patients at the time of the attack. Director-General Volodymyr Jirov-Nier says." "Of course, every child, a children with mum, with some parents more, so many people was here." Jirov-Nier tells the AP the unit lost a highly professional doctor who was very dedicated to children. Jirov-Nier urges nations to stop Russian President Vladimir Putin. "If we don't stop Putin and this aggressive politic, it will happen in Poland, in Czech Republic, maybe in Germany." "I'm Charles, good at this problem." Heavy Israeli bombardment is shaking Gaza City. Israel's new ground assault in Gaza's largest city is the latest effort to battle Hamas. The New York Attorney General says the National Rifle Association's former chief financial officer Wilson Woody Phillips has been banned for a decade from managing money for any nonprofit company in New York. A jury found Phillips liable in a scheme to have the NRA bankroll, the extravagant lifestyle of its former chief executive, Wayne LaPierre. Our Oklahoma Republican Senator Jim Inhofe, known for backing the military and denying climate change as human maid, has died. He was 89. This is AP News. A lottery winner is cashing in. 75-year-old Donna Osborne recently completed radiation treatments for breast cancer. Now she's won $5 million on a scratch-off lottery ticket. She bought the ticket while buying gas at a convenience store in Lancaster County, Pennsylvania, where she lives. She says she bought a $5 lottery ticket a while ago and won $50 so she used that money to buy this ticket, the one that turned out to be the winner. Scratching it while still in the parking lot, she couldn't believe it, so she took the ticket back into the store and asked the clerk to check it. What's she going to do with all that money? Yeah, she'll invest some of it, she says, but then she's going to Alaska. I'm Rita Foley. Authorities say a United Airlines Boeing jet lost a main landing gear wheel while taking off from Los Angeles. The jet later landed safely in Denver. No one was injured. The wheel was recovered in LA. I'm Ed Donohue, AP News. An official message from Medicare. A new law is helping me save more money on prescription drug costs. Maybe you can save too. With Medicare's extra help program, my premium is zero and my out-of-pocket costs are low. Who should apply? Single people making less than $23,000 a year or married couples who make less than $31,000 a year. Even if you don't think you qualify, it pays to find out. Go to ssa.gov/extrahelp. Paid for by the U.S. Department of Health and Human Services. What's next? At Moss Adams, that question inspires us to help people and their businesses strategically define and claim their future. As one of America's leading, accounting, consulting and wealth management firms, our collaborative approach creates solutions for your unique business needs. We leverage industry focus insights with the collective technical resources of our firm to elevate your performance, uncover opportunity, and move upward at MossAtoms.com. How dangerous is it to unwrap a burger at 40 miles per hour? More so than you think. In a little over two seconds, your car can travel slightly more than 117 feet, which is the same length as 20 bicycles. Anything that distracts you while driving is dangerous. That's why driving while texting can be deadly too. So put it down, it can wait. Don't drive distracted, shifting to safe. A message from the Colorado Department of Transportation.