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America In Focus: key inflation gauge remains high; Fed's Warsh signals rate hikes may be needed3:57 An inflation measure closely watched by the Federal Reserve stayed elevated last month in the latest sign that many Americans are still struggling with higher costs US targets Egyptian bank's UAE branches under new push for Iran's economic isolation3:57 The Trump administration is limiting an Egyptian bank's operations in the United Arab Emirates and accusing the financial institution of supporting Iran's leadership Fed Chair Warsh signals rate hikes may be needed with inflation still elevated3:57 Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his economic outlook Washington chemical tank was called unfit for service before deadly failure, investigators find3:57 An inspection contractor found a chemical tank at a Washington state paper mill was unfit for service 10 months before its fatal failure in May Russian drones batter Ukraine's Kyiv region for a second day3:57 Russian forces have resumed drone attacks on Ukraine’s Kyiv region that hit numerous buildings and storage depots US futures mixed with hopes of more clarity from Fed Chair Warsh in Jackson Hole3:57 Us futures are mixed ahead of an address from Federal Reserve Chair Kevin Warsh in Jackson Hole, Wyoming, during the Fed’s annual economic symposium Nepal floods expose risks to hydropower in a warming Himalayas14:04 As rescuers in Nepal struggle to find hundreds of workers in the tunnels that were buried in last week's flooding, attention has focus on where to rebuild crucial hydropower projects World shares are mixed and oil prices surge after US strike on Iranian rocket launchers12:56 Shares are mixed in Europe and Asia and U.S. futures have declined on expectations that the U.S. Federal Reserve may raise interest rates soon Great power rivalry threatens to overshadow a summit of some of the world's smallest island nations10:42 Leaders from some of the world’s least populous states are gathering in Palau for the Pacific Islands Forum Leaders Meeting As Pell grants expand, students see openings to afford short-term job training10:42 Colleges around the country are seeking approval for a new federal grant program, Workforce Pell, to aid students enrolled for short-term job training What we know about Trump's deal giving US access to vast oil reserves in Venezuela10:42 There's a lot that's not immediately clear about President Donald Trump's deal giving the United States a stake in Venezuela’s vast oil reserves |