Interest rates: What you need to know about the Federal Reserve’s historic rate hike

Interest rates: What you need to know about the Federal Reserve’s historic rate hike

Washington DC CNN — The Federal Reserve on Wednesday approved a fourth straight rate hike of three-quarters of a percentage point as part of its aggressive fight to bring down the white-hot inflation plaguing the US economy. The increased hike brings the central bank’s benchmark lending rate to a new target range of 3.75% to … Read more

Jackson, Mississippi, water is safe to drink, EPA says, two months after treatment plant failure

Jackson, Mississippi, water is safe to drink, EPA says, two months after treatment plant failure

CNN — The Environmental Protection Agency has determined that water from both treatment plants in Jackson, Mississippi, is safe to drink, an agency spokesman said in a statement. The announcement comes just over two months after Jackson residents were plunged into a public water crisis when flooding overwhelmed the city’s already troubled water system and … Read more

The US spent half a trillion dollars last year alone to finance its mountain of debt

The US spent half a trillion dollars last year alone to finance its mountain of debt

New York CNN Business — The Federal Reserve’s war on inflation isn’t just painful for homebuyers and people with credit card debt. Uncle Sam is also being pressured by higher borrowing costs. The cost of financing America’s growing mountain of debt is rising rapidly as the Fed struggles to put out the inflationary fire by … Read more

NASA Takes Creepy Photo of Sun ‘Smiling’

NASA Takes Creepy Photo of Sun ‘Smiling’

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advances and more. CNN — A NASA observatory captured what appeared to be a jack-o’-lantern-like smile on the sun’s surface, showing what are actually spots on the sun’s surface that are cooler than surrounding areas. The image, taken … Read more

The Fed may have to blow up the economy to get inflation under control

The Fed may have to blow up the economy to get inflation under control

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register right here. New York CNN Business — The Federal Reserve is most likely to raise interest rates by three-quarters of a percentage point again on Wednesday, its fourth big increase in a row. And it … Read more

A space rock that slammed into Mars revealed a surprise

A space rock that slammed into Mars revealed a surprise

A version of this story appeared in CNN’s Wonder Theory science newsletter. To get it in your inbox, sign up for free here. CNN  —  You never forget your first Mars mission. When NASA’s InSight spacecraft arrived at the red planet on November 26, 2018, it was the first time I covered the landing of … Read more

Space rock slams into Mars, revealing buried ice

Space rock slams into Mars, revealing buried ice

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advances and more. CNN — Christmas came a little early for NASA’s InSight mission last December when the lander detected a massive earthquake on Mars. Now scientists know what caused the red planet to rumble. A meteoroid slammed … Read more

Premarket stocks: The Fed may have changed markets forever

Premarket stocks: The Fed may have changed markets forever

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  It’s safe to say that the global economy is in a pretty bad … Read more

Keene, New Hampshire: Plane crashes into multi-family home, kills everyone on board, officials say

Keene, New Hampshire: Plane crashes into multi-family home, kills everyone on board, officials say

CNN — A single-engine plane crashed into a home Friday night near an airport in New Hampshire, killing everyone on board, officials said. The number of people who died in the crash was not disclosed by Keene, New Hampshire, city officials in an update released Friday. Although parts of the apartment building burst into flames … Read more

Hubble shows view of twin tails created by an asteroid impact mission

Hubble shows view of twin tails created by an asteroid impact mission

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advances and more. CNN — The Hubble Space Telescope captured a new snapshot of the asteroid that NASA recently hit with a spacecraft in an attempt to knock it off course, and the image reveals the clearest look … Read more