Donald Trump met with some of America’s top CEOs Thursday. The former president pledged to slash taxes and red tape in a bid to win over corporate America. Apple CEO Tim Cook and JPMorgan boss Jamie Dimon were among those attending the event. Donald Trump made his pitch to some of America’s top CEOs Thursday, […]
Ghana’s state-owned electricity company has announced a three-week interruption in power supply due to a reduction in gas supply from Nigeria. The West African country has for several years been experiencing power shortages, popularly known as “dumsor”, which means “on and off” in the Akan language. Power demand has steadily increased over the past two […]
This year’s proposed state budget from Governor Gavin Newsom was bad news across the board. A colossal $45 billion state budget deficit led to proposals for dozens of severe budget cuts to critical healthcare services. This initially included cuts of $10 million from the Song-Brown Program and severely decreased the underlying funding for the CalMedForce […]
OLIVIER DOULIERY/Getty Images The latest inflation data has bolstered the case for looser monetary policy. Investors cheered a soft May inflation report, which could pave the way for Fed easing this year. Rate cuts in September are “overwhelmingly likely,” one economist said. Wall Street is feeling a lot more upbeat on the path of interest rates […]
The Federal Reserve signaled Wednesday it would lower interest rates just one time this year, down from the three cuts the central bank anticipated in its previous March projection. Fed officials see the fed funds rate peaking at 5.1% in 2024. That suggests the Fed will cut rates by 0.25%. The Fed has moved in […]
By Ann Saphir (Reuters) – U.S. central bankers believe they’ll cut interest rates just once this year, two fewer than they thought in March as inflation approaches their 2% goal more slowly than they had expected. That’s according to the median of new economic projections published on Wednesday by the Federal Reserve at the end […]
The Federal Reserve signaled Wednesday it would lower interest rates just one time this year, down from the three cuts the central bank anticipated in its previous March projection. Fed officials see the fed funds rate peaking at 5.1% in 2024. That suggests the Fed will cut rates by 0.25%. The Fed has moved in […]
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank’s policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed officials will receive a new round of inflation data that […]
Jun. 11—A federal magistrate judge has slashed the $44 million jury award to a former female Las Cruces high school student who was the victim of sexual misconduct by her agricultural teacher. Chief U.S. Magistrate Judge Gregory Wormuth ruled that the young woman, identified as T.R., can either collect a total of $6.5 million in […]
ST. CLOUD — St. Cloud State University announced cuts Tuesday afternoon. The move comes after the university’s long-term financial woes led to a $14.4 million budget deficit in 2024. The university said it’s suspending 42 degree programs and 50 minors, alongside eliminating 54 full-time faculty (13%), 42 staff (8%) and four (13%) administrative positions. The […]
By Ananta Agarwal, Nathan Gomes and Nora Eckert (Reuters) – General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on demand from its gasoline-powered models. GM now projects the higher end of its 2024 EV production to be 250,000 units, down […]
Jerome Powell, the chair of the Federal Reserve.Chip Somodevilla/Getty Images The Federal Reserve is likely to hold interest rates steady in its next decision on Wednesday. It follows a strong jobs report and still-high inflation. It’ll likely take longer for the Fed to cut interest rates given recent economic data. Americans shouldn’t expect interest rate […]