Finance

Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero

WASHINGTON — President Trump urged the Federal Reserve to cut interest rates below zero, suggesting a last-ditch monetary policy tactic tested abroad but never in America. His comments came just one day before European policymakers are widely expected to cut a key rate further into negative territory. In a series of tweets, Mr. Trump said

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California Rent Control Bill Advances, Fueled by Housing Crisis

California’s escalating housing costs have yielded epic commutes and a rising tide of homelessness. Now they are close to producing a political milestone: a vast expansion of tenant-protection laws that would cap rents statewide. On Tuesday, the State Senate voted to advance a bill to limit rent increases to 5 percent a year plus a

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Relatives of passengers killed in Boeing crash protest in DC

Families of passengers who died in one of the Boeing 737 Max crashes are meeting with Transportation Secretary Elaine Chao and holding a demonstration outside her agency’s Washington headquarters. Victims’ relatives fear that the plane is being rushed back into service. They want the Federal Aviation Administration to conduct a completely new review of the

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L Brands chairman ’embarrassed’ by former ties with Epstein

The founder, chairman and CEO of Victoria’s Secret parent L Brands says he is “embarrassed” by his former ties with the disgraced financier Jeffrey Epstein. Les Wexner delivered the remarks during his opening address Tuesday at the company’s annual investor day in Columbus, Ohio. The remarks came months after reports of his ties with Epstein

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Climate change, trade woes reshape Frankfurt auto show

The headwinds buffeting the auto industry are making themselves felt at the Frankfurt Motor Show, with companies confronting a slowdown in sales due to global trade uncertainty and pressure from governments to lower emissions of air pollutants and greenhouse gases. Signs of the times at this year’s show include a slew of new, market-ready electric

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