Articles

Biden heralds progress on inflation and interest rates, but says work still ahead

In a speech Thursday, President Joe Biden plans to celebrate the Federal Reserve’s interest-rate cut while stressing his administration’s inflation-fighting efforts aren’t over.

Rebel Wilson relists L.A. home at a discounted $3.85 million

The actress is reportedly ready to downsize and spend more time with her family, including fiancée Ramona Agruma and their child.

Britain’s top clothes seller Next lifts profit guidance again

Next’s sales were boosted by surging sales in its overseas businesses including in the U.S. and India

Japan’s Icom says it hasn’t sold walkie-talkies that exploded in Lebanon in a decade

Japanese radio equipment maker Icom said it no longer produces or sells two-way radio devices which reportedly exploded in Lebanon.

How low could mortgage rates go now that the Fed has finally started cutting? Economists weigh in.

Here’s what the Federal Reserve’s interest-rate cut means for mortgage rates.

Fed starts rate-cutting cycle with a bang — but wants it to be the only one

The Federal Reserve cut its policy interest rate by half of a percentage point on Wednesday, a more aggressive move than many economists expected.

Bond market gets a Fed wake-up call after pricing in a recession

Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here’s why.

Small-cap stocks’ bullish ‘Fed day’ performance reflects investors’ confidence in the economy

Stocks reacted erratically to the Federal Reserve’s bulky 50-basis-point interest-rate cut on Wednesday. But by the time the dust had settled, two clear winners had emerged.

Steelcase says big corporate customers are ordering less office furniture

Shares of Steelcase Inc. fell after hours on Wednesday after the office-furniture maker’s third-quarter sales outlook came up short of Wall Street’s estimates, amid weaker demand from big corporate customers and from China.

Bitcoin stays above $60,000 after Fed’s jumbo rate cut. Here’s what to watch next.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Moody’s lifts outlook on four big regional banks to stable from negative

The debt outlook for Fifth Third Bancorp, First Citizens Bancshares Inc., Regions Financial Corp. and Huntington Bancshares Inc. has been raised to stable from negative by Moody’s on healthier balance sheets from the four big regional banks.

Fraud factor: How a con man stole millions in a payroll-lending scheme to buy Bentleys, plastic surgery and a cafe

Mickey Lee Wagner found a loophole in how factoring companies work and used it to steal $5 million. After he was indicted, the feds say he did it again. Now he’s going to prison.
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