Fed cuts interest rates for first time in 4 years – here’s what that means for your wallet
A cut in interest rates by the Federal Reserve would mean improved borrowing rates for borrowers. (iStock) Federal Reserve System Lower the federal funds rate It rose by half a percentage point on Wednesday, something economists had largely expected as inflation continues to steadily incline toward the 2% target rate. The central bank, focusing on […]
Boeing begins layoffs amid labor union strike, controversy over CEO’s home purchase: ‘Very difficult time’
Boeing CEO Kelly Ortberg traveled to Seattle while 33,000 Boeing employees stood on the picket line. (Photos by Derrick Louis, Clarity Northwest Photography, and Laura Halliday, Realogix Sotheby's International Realty and KCPQ) Boeing is launching a series of layoffs in response to a strike by the company's largest labor union, it said in a statement […]
TERENCE P. JEFFREY: It’s Time To Deal With The Debt
The average age in the United States in 2023 will be 39.1 years old. According to the Census Bureau:This means that roughly half of the country's population was born after 1984. What was happening 40 years ago when roughly half of America's current population was being born? (Related article: Rep. Tim Burchett: Your tax dollars […]
Federal Reserve cuts US interest rates for the first time in four years | Federal Reserve
Two line graphs are overlaid: the top line in red represents US interest rates, and the bottom line in green represents US inflation. The red line rises and levels off at the end of 2023, while the green line peaks around 2022 and then levels off. The Federal Reserve on Wednesday cut interest rates for […]
Republicans groan at Biden admin’s last-minute request for more time to send unused $6B to Ukraine
The Biden administration has warned that billions of dollars allocated to Ukraine will expire at the end of this month unless Congress acts. About 10% of the $61 billion Congress passed for Ukraine in April remains unspent, and the White House has asked Congress to extend the Presidential Drawdown Authority (PDA) to allow aid to […]
Federal Reserve cuts interest rates for first time in 4 years
The Wall Street Journal's chief economics reporter, Nick Timiraos, predicts the Federal Reserve's potential interest rate cut and its likely impact on the U.S. economy. of Federal Reserve System The central bank announced a much-needed interest rate cut on Wednesday, slashing borrowing costs following progress in battling inflation, slashing its policy rate by 50 basis […]
Harvey Weinstein spotted for first time since heart surgery ahead of arraignment on new sex crimes indictment
Harvey Weinstein has been seen for the first time since undergoing heart surgery, photographed exclusively as he left a Manhattan hospital on Wednesday ahead of his new sex crimes guilty plea. The disgraced movie mogul was escorted out of Bellevue Hospital by police in a wheelchair, handcuffed and clutching what appeared to be a book […]
Guidance counselor Luisa Melchionne who gave lapdances to student seen for first time since arrest
A corrupt Connecticut middle school guidance counselor who allegedly sent nude photos to a 13-year-old student and gave her a lap dance was photographed leaving court on Tuesday for the first time since his July arrest. Luisa Melchionne, 47, faces multiple charges for an alleged sexual relationship with a 13-year-old student, according to an arrest […]
Jets’ Mike Williams ‘feels good’ after getting more playing time vs. Titans
Mike Williams is hoping to see more individual progress when the Jets face the Patriots in their home opener Thursday night at MetLife Stadium. The ninth-year wide receiver played 35 times against the Titans, exceeding his initial projection of 20-25 appearances. He made a promising 19-yard catch on his only target on the Jets' game-winning […]
Kate returns to royal duties for first time since end of cancer treatment | Catherine, Princess of Wales
Prince Charles was included in the official record of a royal event for the first time since completing his cancer treatment. Kate was featured in the court circular after holding a conference at Windsor Castle on an issue that past aides have described as her life's work – early childhood child development. On Tuesday, Queen […]