Economy

Filter

3 things to watch at the Federal Reserve as it’s poised to cut interest rates

By Martin Crutsinger, Associated Press

The Fed under Chairman Jerome Powell has signaled a belief that uncertainties and threats unleashed by President Donald Trump's trade war and by a global slowdown justify a Fed rate cut.

What is GDP and is it the best way to measure the economy?

By Gretchen Frazee

Since the Great Recession, economists have increasingly questioned whether GDP is the best way to measure an economy’s health, and whether it disregards key factors that affect people’s well-being.

Capital One data breach compromises personal info from 100 million applications

By Gene Johnson, Associated Press

Paige A. Thompson was charged with a single count of computer fraud and abuse in U.S. District Court in Seattle.

U.S. Treasury projects it will borrow $433 billion this quarter

By Martin Crutsinger, Associated Press

Market borrowing for this budget year is projected to total $1.27 trillion, a 6.5% increase from the 2018 budget year.

Justice Department OKs T-Mobile’s $26.5 billion Sprint deal

By Tali Arbel, Marcy Gordon, Associated Press

The deal comes despite fears of higher prices and job cuts, in a settlement that would create three giant U.S. cellphone companies.

U.S. economy’s growth slows to 2.1 percent in 2nd quarter

By Martin Crutsinger, Associated Press

The nation's gross domestic product grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department estimates.

Will Medicare cover my addiction treatment?

By Philip Moeller

In terms of whether Medicare will cover addiction treatment, the key variable is whether such care is proscribed as medically necessary.

European Central Bank joins Fed in paving way for stimulus

By David McHugh, Associated Press

The ECB's rate-setting board left its key interest benchmarks unchanged at a policy meeting Thursday but said it could cut them as its next move.

California signs deal with automakers to raise gas mileage standards

By Tom Krishner, Ellen Knickmeyer, Associated Press

Ford, BMW, Honda and Volkswagen are parties to the deal with the California Air Resources Board, which appears designed to pressure the administration and the rest of the auto industry into joining or reaching a compromise.