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Some Fed officials point to worsening inflation
Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported
Wednesday that price increases re-accelerated last month.
According to the minutes of the Fed's meeting, all 19 officials generally agreed that high inflation readings in January and February "had not increased their confidence" that inflation was falling steadily to their 2% target.
Wall Street falls after hot inflation report
U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend.
The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.1%, and the Nasdaq composite fell 0.8%. Treasury yields also leaped in the bond market, raising the pressure on the stock market.
Delta Air Lines posts narrow Q1 profit
Delta Air Lines has reported a small first-quarter profit and says travel demand is strong heading into summer.
The airline said Wednesday that it earned $37 million in the first quarter, compared with a loss a year ago. Delta is predicting better-than-expected earnings in the second quarter, too.
Agency probes fatal crash involving Ford
The National Transportation Safety Board is investigating a March crash near Philadelphia that killed two people and involved a Ford electric vehicle that may have been operating on a partially automated driving system.
The agency says a Mustang Mach E sport utility vehicle hit two stationary passenger cars on Interstate 95 at 3:19 a.m. March 3. Both drivers of the stationary cars were killed.
UN climate chief presses for faster action
The United Nations climate chief says humanity has only two years left "to save the world" by making dramatic changes in the way it spews heat-trapping emissions. And he says it has even less time to act to get the finances behind such a massive shift.
In Wednesday's speech, U.N. executive climate secretary Simon Stiell acknowledges he may sound melodramatic. But he says time is really ticking away.
New York weighs lifting post-Prohibition law
New York towns and villages that have post-Prohibition bans on alcohol sales would be forced to lift such restrictions under a bill moving through the Legislature.
The bill, which is up for a state Senate vote after advancing out of a committee last week, would strike down a 1934 law that allowed municipalities to opt to stay dry. Many U.S. communities have full or partial bans on alcohol sales. The Empire State has only seven that have complete booze bans.