Business

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.

Top Federal Reserve official defends central bank’s independence in wake of Trump win

Australia’s plan to ban children from social media proves popular and problematic

Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant

Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

STORIES UNDER 60 SECONDS

Working Well: Seeking the elusive work-life balance, one step at a time

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Medical debt in numbers

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Jennifer Lopez and Ben Affleck didn’t get a prenup. Should you?

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Buy now, pay later companies must adhere to credit card standards

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IRS makes free tax return program permanent

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Let’s talk about Earned Wage Access

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How to talk about money with your significant other

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Inspired by the Met, the Debt Gala fundraises for medical debt

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Five no-buy rapid questions with Elysia Berman

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Domestic workers are often excluded from many federal workplace protections

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Financial Markets

Stock market today: Asian stocks climb after Wall Street’s post-election boom slows

Financial Wellness

USDA bans school lunch fees for low-income families

Economy

Japan’s economy grows for a second straight quarter on the back of consumer spending

Tech

Tech consultant spars with the prosecutor over details of the death of Cash App founder Bob Lee

More news

As airlines avoid Israel, UAE’s FlyDubai and Etihad keep up flights for both diplomacy and dollars

Since the Mideast wars began with Hamas’ initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel’s main gateway to the rest of the world.

Clean energy could create millions of tons of waste in India. Some are working to avoid that

As clean energy infrastructure like solar panels and electric car batteries becomes more common in India, some small businesses are working to recycle them when they reach the end of their lifespan, dismantling panels to sell individual components and using old EV batteries’ remaining power to provi

Once-traditional camel trading fair in India transformed into tourist attraction

PUSHKAR, India (AP) — It’s early morning in Pushkar, a city at the edge of the Thar desert in the northwestern Indian state of Rajasthan, and a herd of about a dozen camels led by two men is returning, raising a golden sand cloud.

How major US stock indexes fared Thursday, 11/14/2024

U.S. stocks slipped as the market’s big burst following Donald Trump’s election continued to cool. The S&P 500 dipped 0.6% Thursday.

Norfolk Southern makes deal with investors to prevent another fight for control of the railroad

Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad.

Advance Auto Parts is closing hundreds of stores in an effort to turn its business around

Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations. The announcement came as the struggling car parts retailer posted disappointing quarterly results.

Kentucky governor says investigators will determine what caused deadly Louisville factory explosion

Kentucky’s governor says investigators will find out what caused a deadly explosion that ripped apart a Louisville factory.

Wisconsin agency issues first round of permits for Enbridge Line 5 reroute around reservation

The Wisconsin Department of Natural Resources has issued the first round of permits allowing Enbridge to reroute an aging pipeline around a tribal reservation.

Fighting conspiracy theories with comedy? That’s what the Onion hopes after its purchase of Infowars

It seemed like bad satire, or yet another conspiracy theory. The comic website the Onion buys Alex Jones’ misinformation empire, Infowars, at a bankruptcy auction?

New York nursing home operator accused of neglect settles with state for $45M

New York Attorney General Letitia James announced that operators of four nursing homes in New York will pay $45 million to settle claims that they neglected and mistreated residents.

Surprise bids revive hope for offshore wind in Gulf of Mexico after feds cancel lease sale

Proposals from two Chicago companies to build large wind farms in the Gulf of Mexico has reignited enthusiasm for wind energy development in the Gulf of Mexico.

How Alex Jones’ Infowars wound up in the hands of The Onion

The purchase of Alex Jones’ Infowars at a bankruptcy auction by the satirical news publication The Onion is the latest twist in a yearslong saga.

European committee takes a second look at Alzheimer’s drug and now says it should be approved

A European regulatory committee now recommends approval of the Alzheimer’s treatment lecanemab a few months after rejecting the drug.

Diamond Sports Group can emerge out of bankruptcy after having reorganization plan approved

Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved.

Latvia charges 2 Lithuanians for counterfeiting Ariel laundry products in organized criminal venture

Latvian police say that criminal proceedings have been initiated against two Lithuanian citizens suspected of counterfeiting Ariel laundry detergent products and distributing them in significant quantities across Europe.

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday.

The state that cleared the way for sports gambling now may ban ‘prop’ bets on college athletes

The state that gave much of America the right to offer legal sports betting may decide that certain bets on college athletes are out of bounds.

Where George Floyd was killed, struggling businesses sue the city

Business owners at the struggling corner where George Floyd was murdered by a Minneapolis police officer in 2020 are suing the city to demand it take over their properties and compensate them.

Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees’ spring training field in Tampa

The Tampa Bay Rays will play their 2025 home games at the New York Yankees’ nearby spring training ballpark amid uncertainty about the future of hurricane-damaged Tropicana Field.

Swiss chocolatier serves up Middle Eastern flavors as ‘Dubai chocolate’ craze hits Europe

Hundreds of curious shoppers, many equipped with rain gear and folding camping stools, lined up for hours in the western German city of Aachen Thursday to get a first taste of a trendy new confection known as “Dubai chocolate.”