The Federal Reserve broke a long streak of stability on Wednesday, raising its benchmark interest rate by 0.25 percent for the first time since 2023. The move pushes the flagship rate into a range between 3.75 and 4.00 percent, a decision made unanimously by policymakers who are grappling with a resurgence of inflation. While the
Wall Street entered a period of cautious anticipation on Wednesday as U.S. Treasury yields dipped slightly ahead of a critical policy announcement from the Federal Reserve. The benchmark 10 year Treasury note yield drifted just below the psychological threshold of 5 percent, landing at roughly 4.967 percent, while shorter and longer term bonds followed suit
WASHINGTON — The White House on Monday said it’s partnering with North American Blue Energy Partners as part of President Donald Trump’s push to tap into Venezuela’s oil industry, setting up a deal that will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves. The Trump administration released more
HONG KONG — Shares in online fast-fashion retailer Shein fell 8% in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages. Known globally for selling $5 tops and $10 dresses, Shein has been humbled by tariff
President Donald Trump on Monday called for bipartisan tax incentives to help a domestic TV and movie industry that has seen large chunks of its business move overseas in recent years. Trump wrote on Truth Social that meetings were “being set up with the Leaders of both Parties in order to get this done.” “It
Bill Simmons, the popular sports podcaster who has championed sports betting, is under review by the Massachusetts Gaming Commission after he admitted on a recent episode to using his daughter’s boyfriend to place bets for him. The commission announced the review Tuesday, two days after Simmons said on an episode of his podcast that he’d
The Athletic found its former NFL reporter Dianna Russini had a close, “awkward” and “uncomfortable” relationship with coach Mike Vrabel that she should’ve disclosed, the New York Times-owned digital sports publication said Thursday. However, Mike Semel, The Athletic’s editorial director for standards and quality, who led the probe into Russini’s work, said he did not
Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company with a major presence in Venezuela, said Wednesday that it has been assigned additional acreage
Listen up, flyers: United Airlines said it will start removing passengers from flights who refuse to wear headphones while listening to content on their personal devices, and such behavior could lead to a permanent ban. The airline revised its contract of carriage on Feb. 27 to include the new provision, which sits under the ‘refusal
The Justice Department’s endeavor to break up Live Nation, Ticketmaster’s parent company, has officially made its way to the courtroom. The antitrust case, which began with jury selection Monday, is unfolding in federal court in New York. Opening statements are scheduled to start Tuesday, with the trial expected to last six weeks. The lawsuit, filed