Finance

Stocks fell and bond yields rose on Wall Street Wednesday after the Federal Reserve lowered its key interest rate for the first time in a decade but left investors feeling uncertain about the likelihood of further cuts. The quarter-point cut announced by the central bank was widely expected, so investors focused on Chairman Jerome Powell’s […]

The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for.

The Federal Trade Commission on Wednesday told consumers affected by the Equifax data breach that they are unlikely to get the full $125 cash payment that many sought. Equifax last week reached a $700 million settlement over the massive 2017 data breach that exposed the personal information of 147 million people. The bulk of that

A Chinese company fraudulently exported huge amounts of aluminum to Southern California and then orchestrated bogus sales to deceive investors, according to a federal grand jury indictment unsealed this week. Federal prosecutors said the company, China Zhongwang Holdings Limited, designed the scheme to avoid paying $1.8 billion in tariffs that were imposed on certain types

The Latest on the Federal Reserve and its action related to a key interest rate (all times local): 5:50 p.m. Greg McBride, chief financial analyst at Bankrate, said there would likely be limited impact of the Fed’s move on household finances. Credit cards and home equity lines of credit do move in step with the

Several of the questions directed at Jerome Powell at his Wednesday afternoon news conference boiled down to this: Why did you just cut interest rates when, by your own acknowledgment, the American economy looks perfectly solid? What good can this possibly achieve? Mr. Powell, the Federal Reserve chair, answered by ticking off the reasons —

The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for.

The Chinese-language People’s Daily, the flagship newspaper of the Chinese Communist Party, said in an editorial that American trade negotiators should “consult with sincerity” and not “make trouble out of nothing.” Given the clash between the two sides, expectations for the meeting were low. Agathe Demarais, global forecasting director at the Economist Intelligence Unit, said

Does your tattoo sport your old flame’s name? Or the one you got on a whim no longer fits your image? You’re not alone. Many people have “tattoo regret” and are opting to get the ink removed. Nearly 3 in 10 U.S. adults have one or more tattoos and 25% want them removed, according to

WASHINGTON, July 31 (Reuters) – The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed. Financial markets had widely expected the quarter-percentage-point rate cut, which lowered the U.S. central bank’s