Business
Federal Reserve cuts key rate, sees healthier economy next year
[ad_1] WASHINGTON (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but…
Tag: Federal Reserve System
Business
Another rally for Alphabet leads the US stock market higher
[ad_1] NEW YORK (AP) — The U.S. stock market rallied on Monday, at the start of a week with shortened trading because of the…
Business
Stocks climb on hopes for lower interest rates as Dow rallies 660 points
[ad_1] NEW YORK (AP) — The U.S. stock market climbed again Tuesday on hopes for a coming cut to interest rates. The S&P 500…
Business
Trump nominates new CFPB director, but White House says agency is still closing
[ad_1] NEW YORK (AP) — President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a…
Business
U.S. trade deficit drops 24% in August as Trump’s tariffs reduce imports
[ad_1] WASHINGTON (AP) — The U.S. trade deficit fell by nearly 24% in August as President Donald Trump’s sweeping global tariffs pushed imports lower.…
Business
Sharp disagreements over economy threaten Federal Reserve interest rate cut
[ad_1] WASHINGTON (AP) — What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip…
Business
Asian shares sink, tracking a tech-led sell-off on Wall Street
[ad_1] BANGKOK (AP) — Asian shares tumbled on Tuesday, with benchmarks in Tokyo and Seoul sinking more than 3%, after Nvidia and other artificial-intelligence…
Business
Wall Street scrambles back from a big morning loss as Nvidia and bitcoin swing
[ad_1] NEW YORK (AP) — An early swoon shook the U.S. stock market on Friday, as Nvidia, bitcoin, gold and other high flyers swung…
Politics
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
[ad_1] WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living…
Business
Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow
[ad_1] WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut…
Business
Banks and retailers run short on pennies as the US Mint stops making them
[ad_1] NEW YORK (AP) — The United States is running out of pennies. President Donald Trump’s decision to stop producing the penny earlier this…
Business
Federal Reserve cuts key rate yet Powell says future reductions are not locked in
[ad_1] WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore…
Business
The stock market is breaking records. Time for a gut check
[ad_1] NEW YORK (AP) — Almost everything in your 401(k) should be coming up a winner now. That makes it time for a gut…
Business
Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says
[ad_1] WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday,…
Banking
Trump’s Appointees Could Rule the Fed for Decades
[ad_1] Note: Powell was appointed as governor by Obama and nominated as chair by Trump. When President Trump took office in 2025, just two…
Business
Powell signals Fed may cut rates soon even as inflation risks remain
[ad_1] JACKSON HOLE, Wyo. (AP) — Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest…
Business
Walmart helps pull Wall Street to its 5th straight loss
[ad_1] NEW YORK (AP) — Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes…
Business
Wall Street soars on hopes for lower interest rates as the Dow surges 846 points to a record
[ad_1] NEW YORK (AP) — Wall Street rallied to its best day in months on Friday after the head of the Federal Reserve hinted…
Business
CEO pay rose nearly 10% in 2024 as stock prices and profits soared
[ad_1] NEW YORK (AP) — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024…
Business
US stocks rally to records on hopes for cuts to interest rates
[ad_1] NEW YORK (AP) — The U.S. stock market rallied to records on Tuesday after data suggested inflation across the country was a touch…