Dec 20 Record holiday travel expected before New Year’s Day By David Koenig, Associated Press Drivers and airline passengers without reindeer and sleighs better make a dash for it: it's beginning to look like another record for holiday travel in the U.S. Continue reading
Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 18 Stocks fall sharply after Federal Reserve signals fewer rate cuts than expected for 2025 By Stan Choe, Associated Press Fed officials released projections on Wednesday showing the median expectation among them is for two more cuts to the federal funds rate in 2025, or half a percentage point’s worth. That’s down from the four cuts expected just three months… Continue reading
Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut By Christopher Rugaber, Associated Press The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. Continue reading
Dec 16 TikTok asks Supreme Court for emergency order to block a U.S. ban By Mark Sherman, Associated Press TikTok on Monday asked the Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agreed to sell it. Continue reading
Dec 16 Fed’s rate cuts likely to slow with inflation pressures still elevated By Christopher Rugaber, Associated Press Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. Continue reading
Dec 16 WATCH: Trump addresses SoftBank investment, Ukraine war, polio vaccine and more at Mar-a-Lago news conference By Colleen Long, Jill Colvin, Associated Press Speaking at his first press conference since winning the election, President-elect Donald Trump also threatened legal action against the Biden administration over sales of portions of border wall, saying he has spoken to Texas Attorney General Ken Paxton and other… Continue reading
Dec 16 Japan’s SoftBank plans to invest $100 billion in U.S. projects, Trump says By Colleen Long, Associated Press President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. Continue reading
Dec 16 WATCH: Biden creates national monument honoring Frances Perkins, 1st woman to serve in U.S. Cabinet By Associated Press As labor secretary, Frances Perkins helped President Franklin D. Roosevelt formulate policies behind the 1930s New Deal and create safeguards in the national economy following the Great Depression. Continue reading
Dec 10 Trump names Andrew Ferguson to head the Federal Trade Commission By Christopher Rugaber, Associated Press Ferguson will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars' worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior. Continue reading