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Bloomberg Creative/Getty Images(WASHINGTON) The Federal Reserve is set to announce a decision on Wednesday about whether to adjust its benchmark interest rate, just days after new government data showed that the economy is cooling off.The slowdown has coincided with a months-long stretch of stubborn inflation, putting pressure on the Fed to keep interest rates high despite a risk of hindering economic activity with expensive borrowing costs.Economists widely expect the Fed to leave interest rates unchanged. Such a move would push back rate cuts that the central bank expects to make some time this year.At its most recent meeting, in March, the Fed stuck to its previous projection of three rate cuts by the end of 2024, even as it opted to hold interest rates steady for the fifth consecutive time.That approach has amounted to a prolonged pause of the aggressive rate hiking cycle that began roughly two years ago when the central bank sought to rein in rapid price increases.Inflation has ....
Catherine McQueen/Getty Images(SANTA COUNTY, Ariz.) State prosecutors said Monday they will not seek to retry 75-year-old George Alan Kelly, the Arizona rancher accused of fatally shooting an unarmed migrant on his property near the U.S.-Mexico border.“Because of the unique circumstances and challenges surrounding this case, the Santa County Attorney’s office has decided not to seek a retrial,” said Deputy County Attorney Kimberly Hunley at a status hearing.As prosecutors made their announcement, Kelly could be seen hanging his head and appeared to be overcome with emotion.Another hearing will be set to consider the defense’s request to dismiss the case with prejudice.Last Monday, a judge declared a mistrial in the case after jurors were unable to reach consensus about whether to charge Kelly with second-degree murder and aggravated assault. He had pleaded not guilty.Kelly was accused of shooting his AK-47 from a far distance at a group of migrants who were headed back across ....
People walk in a camp for displaced people in Rafah in the southern Gaza Strip by the border with Egypt on April 28, 2024, amid the ongoing conflict between Israel and the Palestinian militant group Hamas. (AFP via Getty Images)(NEW YORK) As the Israel-Hamas war approaches the seven-month mark, renewed negotiations are underway to secure the release of hostages taken by the terrorist organization, as Israeli forces continue to prepare for an apparent invasion of the southern Gaza town of Rafah.Meanwhile, President Joe Biden and Israeli Prime Minister Benjamin Netanyahu spoke in a phone call over the weekend, discussing increasing the delivery of humanitarian aid into Gaza and plans for a possible military operation in Rafah, according to the White House.Here s how the news is developing:Apr 29, 4:20 PMWhite House won t get info specifics on cease-fire dealThe White House was careful not to get into specifics on the "extraordinarily generous" cease-fire proposal Secretary of ....
ABC/Randy HolmesJeff Bridges, the original star of 1982 s Tron, who played against a digitally de-aged version of himself in 2010 s Tron: Legacy, has revealed he will be back for Tron: Ares.He told the Film Comment podcast, "I m heading off this Saturday to play a part in the third installment of the Tron story." Bridges added, "Jared Leto is the star of this third one. . I m really anxious to work with him. I ve admired his work."Bridges even commented on his last Tron outing, which had him at his age reprising as Kevin Flynn, battling against a digital doppelgänger of his younger self or at least that was the idea. "I didn t like the way I looked in it," Bridges admitted of his supposed twin, the nefarious Clu. "I felt like I looked more like Bill Maher than myself. It was kind of bizarre."For Tron: Ares, Bridges said the world inside a computer in which his character lived is much more grounded. He&nb ....
Tattywelshie/Getty Images(NEW YORK) It s been nearly one month since California raised the minimum wage at certain restaurants, which has put a spotlight on a course correction that many see as long overdue.But for some and not just fast food franchise owners the newly raised bar for compensation also marks a pivotal point for restaurants to remain competitive in an already difficult post-pandemic landscape. The industry with famously thin margins is once again being pushed to make monetary and operational adjustments to stay afloat, all without compromising consumer expectations.Some customers have already felt the pinch of costs being passed onto them, as recently reported by the Wall Street Journal, which restaurant owners and executives at chains like Chipotle and McDonald s warned could come as a result of the state voting to increase the minimum from $16 to $20 an hour at restaurant chains with at least 60 locations nationwide.Market-research firm Dataessential provided ABC ....