Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would be the first time officials have trimmed rates in over…
Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in…
The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon…
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the…
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the…
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate…
Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech,…
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant…
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that…