May 2022

NEW YORK (AP) — Stocks are drifting between small gains and losses in the early going on Wall Street Tuesday as investors await Wednesday’s decision by the Federal Reserve on interest rates. The Fed is expected to raise its benchmark rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high. The S&P 500 was just barely in the red after the first few minutes of trading Tuesday, as was the Dow Jones Industrial Average. Technology stocks were weaker in the early going after rallying late in the day on Monday. The Nasdaq fell 0.3%.

WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans’ financial strains and likely weaken the economy.

NEW YORK (AP) — Amazon workers at a warehouse on Staten Island overwhelmingly rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history.

On a Friday afternoon last March, Sahar Punjwani ran a familiar errand — buying tampons, pads and panty liners. But this time, she was joined by lawyers from a prestigious Houston law firm.

WASHINGTON (AP) — Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed. The latest data released Tuesday by the the Bureau of Labor Statistics further reveals an extraordinarily tight labor market that has emboldened millions of Americans to seek better paying jobs, while also contributing to the biggest inflation surge in four decades.

WASHINGTON (AP) — President Joe Biden on Tuesday blasted what he called a “radical” leaked draft opinion suggesting the Supreme Court is poised to overturn the landmark 1973 Roe v. Wade case that legalized abortion nationwide, warning that a “whole range of rights” are in jeopardy if it holds.

PARIS – Texas Department of Transportation officials today announced that the intersection at Canyon Creek Drive on the east side of FM 1417 in Sherman, Texas, will close temporarily on May 9. The west side of that intersection will remain open.

Child abuse charges out of Grayson County lead to the arrest of a Kingston, Oklahoma man this week. A news release from the Grayson County Sheriff’s Office said the case began in September of 2021, when investigators began looking into allegations of a man having an inappropriate sexual relationship with a victim under the age of 16.