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An interest rate cut is expected this week. Experts explain what to know
Investors widely expect the Fed to cut interest rates at a meeting on Wednesday.
September 16, 2024The Federal Reserve is finally lowering rates. Here's what consumers should know
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
September 18, 2024Teamsters union declines to endorse Trump or Harris for president
The International Brotherhood of Teamsters has declined to endorse Kamala Harris or Donald Trump for president, saying neither candidate has sufficient support from the 1.3 million-member union
9/18/2024 03:12:34 EDT
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1 hour ago
How major US stock indexes fared Wednesday, 9/18/2024
Wall Street wavered near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates
1 hour ago
1 hour ago
Lawsuits buffet US offshore wind projects, seeking to end or delay them
Opponents of offshore wind around the U.S. are pelting the projects with lawsuits, seeking to cancel them or tie them up for years in costly litigation
1 hour ago
2 hours ago
Teamsters union declines to endorse Trump or Harris for president
The International Brotherhood of Teamsters has declined to endorse Kamala Harris or Donald Trump for president, saying neither candidate has sufficient support from the 1.3 million-member union
2 hours ago
2 hours ago
Teamsters union declines to endorse Trump or Harris, after endorsing Biden in 2020 and being courted by Trump this year
Teamsters union declines to endorse Trump or Harris, after endorsing Biden in 2020 and being courted by Trump this year
2 hours ago
2 hours ago
Memories of the earliest Tupperware parties, from one who was there
Tupperware became woven into America's cultural fabric after World War II by forgoing retail stores in favor of a direct-to-consumer sales model
2 hours ago
2 hours ago
Federal Reserve cuts interest rates for 1st time since 2020
The rate cut could deliver relief to borrowers saddled with high costs.
2 hours ago
2 hours ago
Treasury rule would expand tax credits for installing electric vehicle chargers
The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers
2 hours ago
3 hours ago
Text of the policy statement the Federal Reserve released Wednesday
Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee’s 2 percent objective but remains somewhat elevated.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.
In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In...
3 hours ago
3 hours ago
What to know about the pipeline fire burning for a third day in Houston's suburbs
A pipeline fire that forced hundreds of residents to evacuate in suburban Houston is burning for a third day, with no clear end in sight
3 hours ago
3 hours ago
The Federal Reserve is finally lowering rates. Here's what consumers should know
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
3 hours ago
3 hours ago
Federal Reserve cuts key interest rate by a sizable half-point, signaling an end to its inflation fight
Federal Reserve cuts key interest rate by a sizable half-point, signaling an end to its inflation fight
3 hours ago
September 18
Boeing CEO says the company will furlough employees soon to preserve cash during labor strike
Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists
September 18
September 18
Boeing’s CEO says a large number of employees will be furloughed to conserve cash during factory workers' strike
Boeing’s CEO says a large number of employees will be furloughed to conserve cash during factory workers' strike
September 18
September 18
MrBeast and Amazon sued by competitors from his $5M reality show over alleged 'unsafe' conditions
MrBeast is accused of creating “unsafe” employment conditions and misrepresenting contestants’ odds at winning his new Amazon reality show’s $5 million grand prize
September 18
September 18
Rogers Communications buys out Bell stake in Maple Leafs Sports for $3.5 billion
Rogers Communications Inc. is buying out Bell’s 37.5% share of Maple Leaf Sports & Entertainment for $3.5 billion
September 18
September 18
Ship owner cut corners on repairs before deadly Baltimore bridge collapse, US says in $100M lawsuit
The U.S. Justice Department is suing the owner and manager of the cargo ship that caused the Baltimore bridge collapse
September 18
September 18
Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brand
Alaska Airlines is closing its $1 billion purchase of Hawaiian Airlines
September 18
September 18
Balloons, trampoline and Apples to Apples are finalists for the Toy Hall of Fame
The National Toy Hall of Fame is floating the idea of inducting balloons
September 18
September 18
WNBA awards Portland an expansion franchise that will begin play in 2026
The WNBA is headed back to Portland, with Oregon's biggest city getting an expansion team that will begin play starting in 2026
September 18
September 18
GM offering adapters to help electric vehicle owners access Tesla chargers
General Motors is now offering adapters to help its electric vehicle owners access Tesla chargers
September 18
September 18
European Union court largely upholds Qualcomm antitrust penalty in 2019 case but trims fine
Qualcomm lost its bid to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company’s arguments in the case involving cellphone chipsets
September 18
September 18
Edmunds: How automakers are making recalls easier
Vehicle recalls are an important part of automotive safety
September 18
September 18
Iconic Tupperware Brands seeks Chapter 11 bankruptcy
Tupperware Brands has filed for Chapter 11 bankruptcy protection
September 18
September 18
China announces sanctions on US companies selling arms to self-ruled Taiwan
China has announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force
September 18
September 18
Britain's CEO of scandal-ridden Post Office will step down next year
The chief executive of Britain’s scandal-ridden Post Office will step down next year
September 18
September 18
Biden administration to host international AI safety meeting in San Francisco after election
Government scientists and artificial intelligence experts from at least nine countries and the European Union will meet in San Francisco after the U.S. elections to coordinate on safely developing AI technology and averting its dangers
September 18
September 18
Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case
Google has won a court challenge against a 1.49 billion euro European Union antitrust fine imposed five years ago that targeted its online advertising business
September 18
September 18
Google wins an appeal against 1.5 billion euro antitrust penalty in a 2019 European Union digital ad case
Google wins an appeal against 1.5 billion euro antitrust penalty in a 2019 European Union digital ad case
September 18
September 18
UK inflation is steady at 2.2% ahead of Bank of England's next rate decision
The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills
September 18
September 18
Lebanon is rocked again by exploding devices as Israel declares a 'new phase' of war
Israel's defense minister declares a “new phase” of war as Hezbollah officials and Lebanon's state media say explosions went off in Beirut and multiple parts of Lebanon in an apparent second wave of detonations of electronic devices
September 18
September 18
Sri Lanka's plantation workers live on the margins. But politicians still want their votes
Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before
September 18
September 18
Japan's trade deficit grows while both imports, exports fall short of forecasts
Japan has posted a trade deficit for a second straight month, as both exports and imports were lower than expected
September 18
September 18
An ancient African tree is providing a new 'superfood' but local harvesters are barely surviving
The baobab tree is known as the “tree of life” and its fruit is feeding a growing global market for natural food and beauty products
September 18
September 17
US military acknowledges Yemen's Houthi rebels shot down 2 MQ-9 Reaper drones
Yemen’s Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war
September 17
September 17
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers
September 17
September 17
Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates
September 17
September 17
Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories
Former President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico
September 17
September 17
US nuclear repository is among the federally owned spots identified for renewable energy projects
Federal officials have identified more than 50 square miles of government-owned property across the U.S. as having great potential for renewable energy projects
September 17
September 17
Longshoremen at key US ports threatening to strike over automation and pay
Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships
September 17
September 17
Longshoremen at key US ports threatening to strike over automation and pay
Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships
September 17
September 17
How major US stock indexes fared Tuesday, 9/17/2024
U.S. stocks drifted to a mixed close near their all-time highs ahead of a highly anticipated meeting of the Federal Reserve
September 17
September 17
Fired whistleblower says Titan submersible tragedy may have been prevented had safety agency investigated his complaint
Fired whistleblower says Titan submersible tragedy may have been prevented had safety agency investigated his complaint
September 17
September 17
What to know about the two waves of deadly explosions that hit Lebanon and Syria
Just one day after pagers used by hundreds of members of millitant group Hezbollah exploded, more electronic devices detonated in Lebanon Wednesday in what appeared to be a second wave of sophisticated, deadly attacks that targeted an extraordinary num...
September 17
September 17
The US and UN condemn the killing of an environmentalist in Honduras
The U.S. State Department and other global leaders have denounced the slaying of another environmental leader in rural Honduras
September 17
September 17
The Biden administration is letting Alaska Airlines buy Hawaiian Air but with conditions
The Biden administration is letting Alaska Airlines buy Hawaiian Airlines
September 17
September 17
Google says it will rethink its plans for a big data center in Chile over water worries
Google says it will halt plans to develop a major $200 million data center in Chile to address environmental concerns
September 17
September 17
Gas prices are plummeting. Experts explain why.
In five states, an average gallon of gas costs less than $3.
September 17
September 17
Tennessee is adding a 10% fee on football game tickets next season to pay players
Tennessee has announced a price hike for football tickets starting in 2025 with most of the increase going specifically to help pay players
September 17
September 17
FAA wants to fine SpaceX $633,000 for alleged safety violations during 2 Florida launches
SpaceX faces $633,000 in fines for alleged safety violations during two Florida launches last year
September 17
September 17
Cyprus approves electricity cable to link its power grid with Greece's
Cyprus has approved a massive undersea electricity cable project to link its grid with Greece's
September 17