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The bond market prepares for a hike to interest rates, while US stocks drift lower

2 days ago

The bond market prepares for a hike to interest rates, while US stocks drift lower

NEW YORK (AP) — The bond market swung Friday as investors built bets that the Federal Reserve may hike interest rates soon to get the nation’s high inflation under control. U.S. stocks, meanwhile, dipped but not by much after economists said a speech by Chairman Kevin Warsh helped strengthen faith that the Fed will do what’s needed to bring inflation down, even if it causes pain for the economy in the short term.

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Tropical Storm Moke advances toward Hawaii as winds strengthen

Tropical Storm Moke advances toward Hawaii as winds strengthen

HONOLULU (AP) — Tropical Storm Moke advanced toward Hawaii on Saturday, likely bringing more heavy rainfall and strong gusts to the Big Island, where residents are still dealing with the aftermath of heavy flooding and damaging winds from Hurricane Lala.

Somali pirates hijack oil tanker off Yemen in latest attack

Somali pirates hijack oil tanker off Yemen in latest attack

MOGADISHU, Somalia (AP) — Somali pirates hijacked an oil products tanker off Yemen, a Somali maritime security official said, the latest in a resurgence of piracy that has seen six commercial vessels seized since April across the Gulf of Aden and western Indian Ocean.