Fed Chair Powell says ‘time has come’ for interest rate cut
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
How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would be
Venezuelans will keep fighting for democracy. They have no choice
If you asked Venezuelans how they felt at the beginning of 2023, most would answer hopeless and resigned. Nicolás Maduro, the socialist dictator, had just crushed and co-opted many of the opposition leaders. More than 9 million people were starving,
RFK Jr., environmental warrior, backs the ‘drill, baby, drill’ ticket
As he suspended his independent presidential campaign and endorsed Donald Trump on Friday, Robert F. Kennedy Jr. talked at length about the “many key issues” on which he claims that he and Trump are aligned. What he did not explain
Bill Pascrell and elder statesmen leave House in hands of a new generation of Democrats
After a long day of campaigning ahead of a tough primary in 2012, Rep. Bill Pascrell Jr. (D-N.J.) brought his two closest friends in Congress to an Italian restaurant in North Jersey. Then-Rep. Mike Doyle (D-Pa.) couldn’t understand how all of
With 13 days until voting starts, ‘election season’ kicks off sooner than you think
There are 73 days until Election Day on Tuesday, Nov. 5. But if Americans vote like they did in the last two election cycles, most of them will have already cast a ballot before the big day. Early voting starts as soon
Fauci hospitalized with West Nile virus, now recovering at home
Anthony S. Fauci was hospitalized with West Nile virus this month, according to a spokesperson for the nation’s former top infectious-disease official. Fauci, 83, ran the National Institute of Allergy and Infectious Diseases for nearly four decades before he retired in
Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more
DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high
The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department
Lila Rose: Kamala Harris, Democrats’ abortion extremism would be a human rights disaster
Less than 24 hours after President Joe Biden announced his decision to drop out of the upcoming presidential election, Vice President and now-Democratic nominee, Kamala Harris, couldn’t wait to talk about abortion. Using euphemisms like ‘reproductive freedom’ and touting the