Leveraged hedge funds magnified August market sell off, Fed says

Google told to sell browser Chrome to end dominance of online search

The tech giant is resisting fiercely, calling the proposal "wildly overbroad" and claiming it will hurt consumers.

Duct-taped banana artwork sells for $6.2m in NYC

The winning bidder says he will eat the banana in coming days as part of a "unique artistic experience".

DOJ asks judge to order Google to sell Chrome

The Department of Justice (DOJ) is asking a federal judge to order Google to sell off its Chrome browser after the court found the tech giant maintained an illegal monopoly over online search. In ...

Politics - The Hill - 2 days ago

Trump selling $11,000 signed MAGA guitars

President-elect Trump is aiming to strike a chord with consumers with his latest business venture — selling signed "Make America Great Again" guitars for as much as $11,000. In a photo posted ...

Politics - The Hill - 2 days ago

Inflation Cooled Further in September, PCE Index Shows

Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.

Business - The New York Times - October 31

Trump’s victory means fewer Fed rate cuts

“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.

Business - MarketWatch - November 6

Trump is not expected to try to fire Fed Chair Powell

Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.

Business - MarketWatch - November 7

If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Business - The New York Times - November 7

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

Here's what changed in the new Fed statement

This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Business - CNBC - November 7

The Fed talks about not talking about Trump

Jay Powell sets some limits

World - Financial Times - November 8

The Fed’s Job Is About to Get a Lot Harder

Jerome Powell sees an uncertain path as Trump enters the White House and inflation wavers.

Business - Inc. - November 8

Feds investigate racist text messages sent nationwide

Federal authorities are investigating racist text messages that were sent this week to residents in at least 19 states, from California to Connecticut. The texts were also sent to students at ...

Fed up with the economy, Americans turn to Trump

President-elect Donald Trump won Pennsylvania after losing the state in 2020. Scott Pelley visited to find out what was behind the shift this election.

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