The Federal Reserve took no new action to stimulate the economy on Wednesday but signaled it stands ready to act if hiring and the overall economic outlook does not improve. Since the Fed did not move, many analysts expect it will announce a new round of so-called quantitative easing at its next meeting in September.
U.S. Olympic boxing team captain Jamel Herring lost his light welterweight bout yesterday, but it's not the first setback he's faced — and he says he won't let his team lose its momentum in the London Olympics because of his defeat.
American swimmer Nathan Adrian's name hasn't been on everyone's mind, the way that Michael Phelps' or Ryan Lochte's has. But he did something that even Lochte couldn't do this week: beat Yannick Agnel in a head-to-head race.
Adrian's time of 47.52 seconds in the men's 100-meter freestyle gave him his first individual gold medal, as he also beat James Magnussen of Australia, who came in second, and Brent Hayden of Canada.