Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during the Fed’s annual August summit in Jackson Hole, Wyoming, Powell said ‘the time has come…
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest…
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might…
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the…
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate…
Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech,…
The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon…
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the…
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that…