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Yankees bump Marcus Stroman back as struggles linger

Marcus Stroman is getting extra time to get over his slump. Following Tuesday’s rainout (and the game being closed Monday), the Yankees plan to move Stroman back to the mound on Sunday and allow their starters to throw some extra bullpen innings, manager Aaron Boone said Wednesday. Stroman had been tipped to replace starter Nestor […]

Higher rates to linger, Fed may make cuts in September

Market expectations are for two interest rate cuts by the end of the year. (iStock) The Federal Reserve announced on Wednesday that it plans to keep the federal funds rate in a range of 5.25% to 5.5%, where it has been since last July. Fed Chairman Jerome Powell told reporters: The central bank is increasingly […]

GDP slows in the first quarter as inflation concerns linger

GDP grew at an annualized rate of 1.4% in the first quarter of this year. (iStock) U.S. gross domestic product (GDP) grew at an annualized rate of 1.4% in the first quarter of 2024. Bureau of Economic Analysis data (BEA) found. The increase indicates that the economy is strong, but not growing at a significant […]

Power outages could linger for days after storms batter Texas again, leaving 1 dead

Power outages across storm-hit Texas on Wednesday could last through the weekend as the storm flooded roads in Houston for the second time this month, ripped roofs off Dallas and killed a teenager, injuring others. A teenager died at a construction site on Tuesday while trying to repair a collapsed home, and three people at […]

Americans expect high inflation to linger in latest New York Fed survey

Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” Americans are bracing for continued high inflation for years to come, according to a major New York Fed survey released Monday. The median expectation is inflation rate According to the New […]

Regional bank hit with third credit downgrade as crisis concerns linger

Julia Coronado, founder and president of MacroPolicy Perspectives, talks on Making Money about whether a new local banking crisis is on the horizon. new york community bank Nearly a year after the local banking sector was hit by a crisis that triggered the largest bank failure in U.S. history, (NYCB) is closing for the third […]

Price questions linger for over-the-counter birth control pills

Perrigo Opil The oral contraceptive pill is expected to be released in the first quarter of this year. The company did not disclose the retail price of the pills, and a spokesperson said it is working to “ensure that its products are available to those who need them.” Officials hope to avoid a similar situation […]