Sep 16 EU chief Ursula von der Leyen proposes Canada becoming the bloc's 1st associate member By Rob Gillies, Associated Press Speaking in Charlotte, North Carolina, Trump suggested that allowing Canada to become an associate EU member could be a “hostile act” and threatened to respond to the proposed move by imposing more tariffs on the bloc. Continue reading
Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris The Federal Reserve raised interest rates by a quarter of a point, the first hike in three years. It comes as the war in Iran continues to put pressure on prices and is the first major move by Fed Chair… Continue watching
Sep 16 Watch 11:08 Cuban official on Trump's threats as tensions with U.S. rise By Amna Nawaz, Veronica Vela For months, the Trump administration has ramped up pressure and threats against Cuba. A de facto oil blockade now means hours of blackouts, plus food and water shortages for millions on the island. While President Trump has threatened a takeover,… Continue watching
Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way By Stan Choe, Associated Press U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. Continue reading
Sep 16 What the Fed rate hike likely means for you By Paul Wiseman, Associated Press Bad news for borrowers, good news for savers. Continue reading
Sep 16 Retail sales rise better-than-expected 1.2% in August By Anne D'Innocenzio, Associated Press The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation. Continue reading
Sep 15 WATCH: Warsh says 'inflation is too high' after Fed raises interest rate 1st time in 3 years By Christopher Rugaber, Associated Press The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards. Continue reading
Sep 15 Tech CEOs call for AI regulation. Trump and Congress are not rushing to act By Steven Sloan, Mary Clare Jalonick, Associated Press The technology industry's increasingly urgent warnings about the potential harm of artificial intelligence are slamming into political intransigence in Washington, offering a fresh test of the federal government's willingness and ability to confront what may become a defining issue of… Continue reading
Sep 15 WATCH: Senate Democrats block cryptocurrency bill, demanding more limits on Trump's investments By Mary Clare Jalonick, Associated Press The 49-50 vote on whether to move forward with the legislation was a pivotal election-year test for the $2.3 trillion cryptocurrency market as the industry has pushed aggressively for a uniform set of rules. Continue reading
Sep 14 Watch 8:34 Trump pushes back as AI leaders fuel calls to rein in rapidly advancing technology By Amna Nawaz, Jackson Hudgins, Amalia Huot-Marchand President Trump rejected calls for greater oversight of artificial intelligence despite the dire warnings of some in the industry. The president's pushback comes after Anthropic CEO Dario Amodei published an essay arguing for a slowdown across leading AI companies, warning… Continue watching