Union Pacific dramatically reduced its use of temporary limits on some businesses' shipments over the past year after its customers complained, but regulators said Wednesday the railroad must go further to be in line with the other major freight railroads that rarely use such embargoes. And they can make it harder for other businesses to get the key products, such as shipments of chlorine used to treat water, or grain for feeding animals.
Following the attacks from Iran on April 13 in which hundreds of drones and missiles were launched at Israel from Iran and its proxies, The International Fellowship of Christians and Jews (The Fellowship) announced today it has taken immediate action to approve $600,000 for emergency food and shelter boxes.
The U.S. central bank released its latest snapshot on the health of the economy a day after Fed Chair Jerome Powell ditched previous guidance on when its benchmark interest rate may be cut and instead said monetary policy needs to be restrictive for longer due to a string of stronger-than-expected inflation readings. "Overall economic activity expanded slightly ... Ten out of twelve Districts experienced either slight or modest economic growth," the Fed said in the survey known as the "Beige Book," which polled business contacts across the central bank's 12 districts through April 8. "The economic outlook among contacts was cautiously optimistic, on balance."
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