Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time ...Read more

Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time ...Read more

Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

In their post-meeting statement, policymakers pointed to growing signs of weakness in the labor market to justify their ...Read more

For the first time in nine months, the Federal Reserve on Wednesday lowered its key interest rate, a quarter-percentage point cut likely to only slightly lower borrowing costs for consumers buying items big and small.

“Rate cuts are welcome news for Americans with debt, but one small reduction won’t make much difference when bills come due,...Read more

Gen Z borrowers took the biggest hit of any age group this year, helping pull overall credit scores lower in the worst year for U.S. consumer credit quality since the global financial crisis roiled the world’s economy.

The average FICO score slipped to 715 in April from 717 a year earlier, marking the second consecutive year-over-year drop, ...Read more

A public media organization in a university town just a few hours northwest of Philadelphia is set to be the first in the country to go dark after the Trump administration stripped away federal funding for NPR and PBS.

WPSU, Penn State’s NPR and PBS affiliate and the first educational TV station in Pennsylvania, will go dark sometime within ...Read more

Halloween merchandise hit some stores before the Fourth of July, and Thanksgiving items were in already stores in August.

Given that it’s mid-September, retailers are rolling out products for the next winter big holiday: Christmas.

On Tuesday, Target launched a four-pronged approach to its holiday shopping experience.

Prong one: new items. ...Read more

A massive immigration raid on a battery plant in Georgia earlier this month continues to reverberate across the region with workers staying home and delays mounting.

Ken Shim, president of Woowon Technology Inc., says he’s had to provide paid time off to ease the stress of South Korean engineers installing equipment at a cell plant being ...Read more

CHICAGO — Though it’s not unusual to pursue hobbies or accumulate collections, personal wealth means those preoccupations can manifest in more eye-popping ways. Take cars, for instance. Before his death in 2021, real estate business magnet Larry Klairmont spent the final two decades of his life amassing a fascinating array of more than 600 ...Read more

The Ellison era of Paramount was barely a month old when another major potential Hollywood merger appeared on the horizon.

Last week the share prices of Paramount and Warner Bros. Discovery surged following reports that the former was preparing a bid to take over the latter with a mostly cash offer backed by the Larry Ellison family. This would...Read more

It is funny to me how accustomed we have become to certain technology.

I rarely leave the house without my iPhone. I also have come to rely on asking Alexa to turn my lights on and off.

I’m also keenly aware that I have come to expect the cars I drive will always have a dash cam.

I’ll admit I didn’t drive with a dash cam for the longest...Read more

Tesla Inc. reached a confidential deal to resolve a lawsuit by the family of a teenager who was killed in a 2019 California crash involving a Model 3 on Autopilot.

The settlement disclosed in court filings marks the latest move by the electric-vehicle maker to avoid a jury trial over a fatal wreck. A trial was scheduled to start in about a ...Read more

The U.S. government is considering two proposals that will likely help farmers by requiring larger oil processors to make up for lost biofuel demand after the Trump Administration earlier waived some blending requirements for small refiners.

Under one of the proposals, fuel makers would have to take 50% of the blending obligations for 2023, ...Read more

Federal Reserve officials are expected to backstop a faltering U.S. labor market by lowering interest rates Wednesday, marking a shift after worries about tariff-induced inflation kept them on hold all year.

The policy pivot will take place amid unrelenting pressure from President Donald Trump, who has pushed for a “big cut” this week. ...Read more

RUTLEDGE, Georgia — The horizon was flat aside from a towering mound of red Georgia clay.

SUVs and pickup trucks trudged up the steep incline, harnessing the power of electricity to defy gravity’s pull. Traction and a steady pace helped drivers crest the hill, and that’s the same approach the vehicles’ maker is taking to transform the ...Read more

Think twice about popping that discount prosecco!

Costco is recalling its signature brand of sparkling wine over concerns the bottles could suddenly shatter, even when “not handled or in use,” the company said in a notice posted on Tuesday.

The recall affects bottles of Kirkland Signature Prosecco Valdobbiadene purchased from the big-box ...Read more

Walt Disney Co., Universal Pictures and Warner Bros. Discovery on Tuesday sued a Chinese artificial intelligence firm called MiniMax for copyright infringement, alleging its AI service generates famous characters including Darth Vader, the Minions and Wonder Woman without the studios' permission.

"MiniMax's bootlegging business model and ...Read more

ST. LOUIS — Striking Boeing workers will weigh in later this week on an unusual effort to end the seven-week walkout at the company's St. Louis-area facilities.

Union officials said Tuesday the union put forward its own proposal to workers, and would hold a vote Friday. If members approve it, a pre-ratified contract will go to Boeing ...Read more

President Donald Trump again extended the deadline for TikTok’s Chinese parent ByteDance Ltd. to divest the platform’s U.S. operations — this time until Dec. 16 — staving off a nationwide shutdown of the app.

Trump on Tuesday signed an executive order to again provide more time to finalize the sale for the popular video-sharing app, ...Read more

If you’ve been to the store lately, the price of some goods may look a little different. From bananas and oranges to chicken, a handful of everyday grocery items are at or less than a cent away from record prices.

The most noticeable of these? Ground beef. Now more than $6.60 a pound, the cost of ground beef is soaring to all-time highs, ...Read more