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Fed is expected to boost its benchmark interest rate by a quarter percentage point
The Federal Reserve will decide Wednesday whether to keep raising interest rates to combat high inflation. The decision has been clouded by recent turmoil in the banking system.
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•
3:40
Pushing for a post-COVID rebound, China targets GDP growth of 'around 5%' this year
Outgoing premier Li Keqiang told delegates at the National People's Congress that China is aiming to rebound economically after COVID slowed them down
Biden orders restrictions on U.S. investments in Chinese technology
The executive order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Officials cited national security, rather than economic interests.
What recession? It's a summer of splurging, profits and girl power
Economic data show higher prices and constant warnings of a downturn haven't slowed down American shoppers. The Fed is anxious. Companies are thrilled.
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•
6:55
Rupert Murdoch announces he will step down as Fox and News Corp chairman
The 92-year-old media magnate built an unmatched global media empire over seven decades from a single newspaper he inherited in his native Australia. Murdoch says he plans to retire in November.
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3:35
These Life Kit tips will surprise you. We promise!
A roundup of top tips from Life Kit's July episodes. They include advice on how to deal with a cheating partner, how much sunscreen to wear on your face, and how to split the tab when everyone's ordered a cocktail — except you.
Confusion Reigns Nationwide Amid Conflicting Coronavirus Rules
The messaging around what to do to protect yourself in the pandemic has been mixed, and many say it's making them feel unqualified to make important safety decisions.
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4:01
Will the feds block a grocery megamerger? Kroger and Albertsons will soon find out
America's two largest supermarket chains have struck a $25 billion deal to combine. Now the FTC is about to decide whether it will block or allow it, and under what conditions.
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3:45
What Greenland's elections mean for the island — and the U.S.
This week's vote resulted in a win for pro-independence forces and a rejection of President Trump's rhetoric about annexing the island.
Facing Trump's pressure, the Fed cuts rates for the first time this year
The Fed lowered interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from President Trump.
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3:53
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