El Paso prosecutor resigns after accusations of slowing Walmart shooter case : NPR

Mourners visit a makeshift memorial on Aug. 12, 2019, near the Walmart in El Paso, Texas. On Monday a Texas prosecutor, facing mounting criticism over the handling of the shooting, resigned after the county took the extraordinary step of moving to remove her from elected office. Cedar Attanasio/AP hide caption toggle caption Cedar Attanasio/AP Mourners … Read more

China Frees Up $70 Billion for Banks to Underpin Slowing Economy

China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time this year, releasing about $69.8 billion in long-term liquidity to prop up a faltering economy hit by record COVID-19 cases. The People’s Bank of China (PBOC) said it would cut the reserve requirement ratio … Read more

Covid-19 isn’t slowing down in China. What it means for India

A health worker takes a swab sample from a resident to be tested for Covid-19 coronavirus in Jiayuguan, in China

Even as World Health Organisation (WHO) ensured that ‘the end of COVID is near’, the reality appears to be strikingly different, and the biggest example is China. The country on Thursday reported a record number of infections as well as the first deaths from the virus in months. Owing to the sudden rise, some restrictions … Read more

Goldman Sachs sees India’s growth slowing next year, cuts GDP forecast

(Photo: Reuters)

Goldman Sachs Group Inc. sees India’s economic growth slowing next year, citing a hit to consumer demand from higher borrowing costs and fading benefits from pandemic reopening, while lowering its growth forecast. Gross domestic product (GDP) may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year, Goldman said in a report.  … Read more

Wall St opens higher on hopes of slowing rate hikes; Nasdaq jumps over 1%

A pedestrian walks past the New York Stock Exchange in New York City. (AP)

US stocks climbed, with traders awaiting economic data for clues on whether the Federal Reserve will decelerate its pace of monetary tightening to prevent a hard landing. The Dow Jones Industrial Average rose 129.84 points, or 0.40%, at the open to 32,862.79. The S&P 500 opened higher by 29.81 points, or 0.77%, at 3,901.79, while … Read more

“Saturday Sessions”: The Backseat Lovers perform “Slowing Down”

“Saturday Sessions”: The Backseat Lovers perform “Slowing Down” – CBS News Watch CBS News Hailing from Salt Lake City, The Backseat Lovers racked up hundreds of millions of streams with their first, self-released album, and have sold out their current U.S. tour. They visit “CBS: Saturday Morning” to perform “Slowing Down,” from their new album, … Read more

“Saturday Sessions”: The Backstreet Lovers perform “Slowing Down”

“Saturday Sessions”: The Backstreet Lovers perform “Slowing Down” – CBS News Watch CBS News Hailing from Salt Lake City, The Backstreet Lovers racked up hundreds of millions of streams with their first, self-released album, and have sold out their current U.S. tour. They visit “CBS: Saturday Morning” to perform “Slowing Down,” from their new album, … Read more

Monkeypox spread appears to be slowing in major U.S. cities : Shots

Physician Assistant Susan Eng-Na, right, administers a monkeypox vaccine during a vaccination clinic in New York. New cases are starting to decline in New York and some other U.S. cities. Mary Altaffer/AP hide caption toggle caption Mary Altaffer/AP Physician Assistant Susan Eng-Na, right, administers a monkeypox vaccine during a vaccination clinic in New York. New … Read more

Fed saw evidence of a slowing economy at its last meeting

Federal Reserve officials saw signs that the U.S. economy was slowing at their last meeting, when the central bank hiked interest rates by a sizable three-quarters of a percentage point. Despite the slowdown, inflation remained “unacceptably high,” officials said, leading to the fourth interest rate hike this year.  In minutes from their July 26-27 meeting … Read more