Friday Afternoon Headlines, Sept. 20
Headline 1: Federal Reserve Raises Interest Rates by 50 Basis Points
The Federal Reserve raised interest rates by 50 basis points on Wednesday, the fifth interest rate hike this year. The move was widely expected by economists and comes as the Fed tries to combat inflation, which is at a 40-year high. The Fed also indicated that it will continue to raise interest rates in the coming months.
Headline 2: Russia Calls Up 300,000 Reservists for War in Ukraine
Russia has called up 300,000 reservists to fight in the war in Ukraine. The move comes as Russia has suffered heavy losses in recent weeks and is facing increasing pressure from Ukrainian forces. The call-up has sparked protests in Russia and has raised concerns about the escalation of the war.
Headline 3: Hurricane Fiona Makes Landfall in Puerto Rico
Hurricane Fiona made landfall in Puerto Rico on Sunday, bringing heavy rains and winds to the island. The hurricane has caused widespread power outages and flooding, and has left thousands of people without food or water. Fiona is expected to continue to move over Puerto Rico and the Dominican Republic in the coming days.
Headline 4: Queen Elizabeth II Dies at 96
Queen Elizabeth II died at Balmoral Castle in Scotland on Thursday at the age of 96. The Queen's death has sent shockwaves around the world and has led to an outpouring of grief from people in the UK and around the globe. She was the longest-reigning monarch in British history, serving for over 70 years.
Headline 5: Elon Musk Buys Twitter for $44 Billion
Elon Musk completed his $44 billion acquisition of Twitter on Thursday. The deal has been months in the making and has been the subject of much speculation and controversy. Musk has said that he plans to make a number of changes to Twitter, including loosening content moderation policies and firing some employees.
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