New report details how the conflict with Iran is increasing inflation

The Congressional Budget Office says the conflict with Iran’s impact on gas prices will not ease until 2027. WASHINGTON — A report released Tuesday by the Congressional Budget Office predicts inflation caused by the conflict with Iran will persist into 2027. The 19-page report largely blamed the uptick in inflation on gas prices as a result in … Read more

Oil Prices Edge Lower Ahead of Fed Decision

The pullback came amid a strong dollar and elevated Treasury yields Oil prices edged lower in early European trading Wednesday ahead of the Federal Reserve’s interest-rate decision, while continuing disruptions in the Middle East and Houthi advances kept supply risks elevated. Brent crude futures fell 1.1% to $107.55 a barrel, while West Texas Intermediate declined … Read more

Columbus weather: scattered storms return

COLUMBUS, Ohio (WCMH) — Scattered rain and thunderstorms return to Columbus weather Wednesday and Thursday. It will be cooler and drier to end the week Friday. Columbus weather today: muggy, scattered storms It’s a much warmer start Wednesday morning compared to Tuesday morning. Temperatures are near the 70 degree mark. The day remains warm and muggy, with … Read more

Washington Letter: Cost-of-living worries and Trump take center stage as midterms near

WASHINGTON (OSV News) — With 50 days left before the midterm elections as of Sep. 14, polls show Americans are increasingly concerned about cost-of-living increases, an issue affecting multiple areas of Catholic social concern. Anxieties about the cost of living are expected to feature heavily in voter behavior in November. A Sept. 4 Ipsos poll found … Read more

Homeless Man Accused of Stealing Vehicle Left Running Outside of Rochester Apartment

A man described in a criminal complaint as homeless has been charged in a Rochester vehicle theft case. The complaint indicates the suspect traveled to Fillmore and Winona Counties before being arrested in Rochester.  Running Vehicle Stolen Outside of Rochester Apartment, Suspect Arrested Day After Reported Theft Officers responded to an apartment in the 600 block of … Read more

US Covid fraudster’s money returned to victims

More than $600,000 held in Jersey bank accounts by US-based fraudster who exploited temporary changes to healthcare provision during the Covid pandemic has been returned to the American Department of Justice. In April 2022, Gustavo Geraldes was convicted of conspiracy to offer and pay healthcare kickbacks after running a scheme in which telemedicine providers authorised … Read more

i-payout Expands U.S. Money Transmitter Licensing Footprint and Advances European EMI Strategy

Expanded regulatory infrastructure is designed to give marketplaces, gig economy platforms, gaming and esports companies, insurance providers, affiliate networks, clinical research organizations and other enterprises greater access to flexible domestic and global payout capabilities International Payout Systems, Inc. (“i-payout”), a global provider of payment and payout technology, today announced the continued expansion of its U.S. money … Read more

Fed expected to hike interest rates for first time since 2023. See what it means for your money.

Borrowing is likely to get more expensive for Americans, and soon, according to economists. The Federal Reserve is expected to raise its benchmark interest rate on Wednesday for the first time in more than three years as the central bank battles stubborn inflation fueled by high energy prices. Some Wall Street forecasters also pencil in … Read more

Why is European money financing the American AI boom?

Eurozone households have hundreds of billions of euros invested in US technology. Analysts say Europe has the money and promising companies, but too few become accessible investments for ordinary savers. European savings are increasingly exposed to—and helping finance—the expansion of artificial intelligence in the United States. Eurozone households hold around €440 billion in US technology … Read more

Steven Tyler Accuser’s Lawsuit Faces Judge Change Less Than 2 Weeks Before Trial

The case will now be reassigned, with attorneys set to appear before a supervising judge on Sept. 18 A judge has recused herself from a lawsuit filed against Steven Tyler less than two weeks before the case is scheduled to go to trial. During a Monday, Sept. 15, status conference in Los Angeles, Judge Patricia A. Young informed attorneys … Read more