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American households feel the pressure from higher interest rates, and US courts are considering

climate lawsuits against major energy companies.

The industry definitely would not want to see these cases end in verdicts against them

obviously because it could be a major financial hit.

Plus, Rupert Murdoch is stepping down as chairman of Fox and News Corp.

This Thursday, September 21st, I'm Sabrina Sidiqi for the Wall Street Journal, sitting

in for Ann Marie for Tolley.

This is the PM edition of What's News, the top headlines and business stories that move

the world today.

A new reality is finally sinking in across American households.

Higher interest rates are here to stay.

The Federal Reserve started aggressively raising rates early last year to curb inflation,

but the higher for longer rates are now taking a toll on households that need to borrow

for major purchases such as homes and cars.

Those who rely on credit card debt, where rates rise along with the market interest rates,

are also feeling the impact.

...