This is a brief glance at the most important news from the Virginia Times today. There is a short synopsis and a direct link for each item so you can quickly catch up and share with coworkers.
Dow Rises After Powell Hints at Possible Rate Cuts
After Fed Chair Jerome Powell said in Jackson Hole that rate cuts might be coming soon, stocks went up. The Dow went up, as did the S&P 500 and Nasdaq, as investors thought about how inflation was going down and growth risks were changing.
The Fed Changes Its Policy Framework but Stays with Its 2% Goal
The Federal Reserve stuck to its 2% inflation goal but made some changes to its plan. The report stresses the need to balance risks between prices and jobs as the central bank keeps an eye on new data to help it decide where rates should go in the fall.
U.S. Stops Issuing Worker Visas to Commercial Truck Drivers
Marco Rubio, the Secretary of State, said that the government would stop giving out employment visas to commercial truck drivers right away. The move, which is being called a safety and vetting assessment, impacts foreign drivers and has gotten strong objections from both business and labor groups.
U.S. Navy Sailor Found Guilty of Spying for China
A US jury found Patrick, also known as Jinchao Wei, guilty of giving China secret information. The lawsuit brings to light longstanding concerns about spying related to military access and shows how important national security enforcement is to the Justice Department. Read More
DOJ Releases Edited by Ghislaine Maxwell Interview Transcripts
The Justice Department sent up edited transcripts and audio from two days of interviews with Ghislaine Maxwell. The revelation comes after calls for more openness and gives new information about sessions held at the federal courthouse in Tallahassee.
The EU gives Ukraine €4.05 billion.
Brussels gave the go-ahead for a €4.05 billion package that included money for the Ukraine Facility and further macro-financial help. The payment helps Kyiv’s budget and reforms while the conflict goes on and Europe continues to assist them.
More to Read: What We Know So Far About the Kilmar Abrego Garcia Case
After going to court, lawyers said Kilmar Abrego Garcia will be sent back to his family while the due-process allegations are still going on. Officials and lawmakers still don’t agree on how big the case is and what the next legal measures should be.
Newsom signs the “Election Rigging Response Act,” and Prop 50 goes to the polls.
California authorities pushed Proposition 50, a proposal on the November ballot that was sold as a way to fight against federal overreach. Supporters argue it makes people more responsible, but detractors are worried about its reach and legal basis before a tough campaign season.
Top Ten Global: The Most Important News Stories Right Now
Our daily world summary covers everything from information on conflicts to markets to public safety. Ten short briefs with links to credible sources let you get a quick overview of the world. Read More
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