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Fed to keep rates higher; Fleetwood Mac's Christine McVie dies; DoorDash cuts 1,250 jobs; Wednesday's sports highlights | Top headlines for Nov. 30 & Dec. 1, 2022

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On this updated version of Hot off the Wire (posted Dec. 1 at 7:25 a.m. CT):

In sports, Jayson Tatum and Devin Booker lit it up, the Bucks outlasted the Knicks, the Cavaliers clobbered the 76ers and the Sabres beat the Red Wings despite blowing a three-goal lead in the third period.

On this version of Hot off the Wire (posted Nov. 30 at 4 p.m. CT):

  • The U.S. economy grew at a 2.9% annual rate from July through September despite high interest rates and chronic inflation, the government said Wednesday in an upgrade from its initial estimate.
  • Fed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflation.
  • Christine McVie, the soulful British musician who sang lead on many of Fleetwood Mac’s biggest hits, has died at 79.
  • Congress is moving urgently to head off the looming U.S. rail strike. The House passed a bill Wednesday that would bind companies and workers to a proposed settlement reached in September that failed to gain the support of all 12 unions involved. The bill now goes to the Senate for consideration.
  • China's ruling Communist Party has vowed to “resolutely crack down on infiltration and sabotage activities by hostile forces."
  • The National Weather Service says record high temperatures in Texas and Louisiana fired up the storm front that spawned tornadoes across the Deep South.
  • Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.
  • The world’s largest volcano is oozing rivers of glowing lava and drawing thousands of awestruck viewers who jammed a Hawaii highway that could soon be covered by the flow.
  • U.S. job openings dropped in October but remained high, a sign that businesses became slightly less desperate for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy.
  • Maryland Gov. Larry Hogan is holding fundraisers for future political activity at events where the Republican is expected to talk about his eight years as governor, as well as plans for the future.
  • The European Union wants to set up a U.N.-backed specialized court to investigate possible war crimes committed by Russia in Ukraine.
  • Ukraine's Foreign Minister Dmytro Kuleba Kuleba called the NATO membership delay a "strategic mistake."
  • The Prince and Princess of Wales are making their first overseas trip since the death of Queen Elizabeth II in September. The trip that began Wednesday is an occasion for Prince William and his wife, Kate, to show the world as much about who they are not as who they are.
  • A Taliban official says that at least 10 students were killed when a bomb blast hit a religious school in northern Afghanistan.
  • A new study says the U.S. gun death rate last year hit its highest mark in nearly three decades. 
  • Ernő Rubik, the inventor of the Rubik's Cube, offers tips on how to solve the puzzle. 

—The Associated Press

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