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Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Read full article: Powell says Fed will likely cut rates cautiously given persistent inflation pressuresChair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant
Read full article: Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plantOne of the nation’s largest meat processors has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota.
Homeland Security Department releases framework for using AI in critical infrastructure
Read full article: Homeland Security Department releases framework for using AI in critical infrastructureThe Biden administration has released guidelines for using artificial intelligence in the power grid, water system, air travel network and other pieces of critical infrastructure.
The state that cleared the way for sports gambling now may ban 'prop' bets on college athletes
Read full article: The state that cleared the way for sports gambling now may ban 'prop' bets on college athletesThe state that gave much of America the right to offer legal sports betting may decide that certain bets on college athletes are out of bounds.
Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees' spring training field in Tampa
Read full article: Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees' spring training field in TampaThe Tampa Bay Rays will play their 2025 home games at the New York Yankees’ nearby spring training ballpark amid uncertainty about the future of hurricane-damaged Tropicana Field.
Ford agrees to pay up to $165 million penalty to US government for moving too slowly on a recall
Read full article: Ford agrees to pay up to $165 million penalty to US government for moving too slowly on a recallFord Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on a recall and failing to give accurate recall information.
Roger Penske adds Long Beach street race to portfolio as he holds off F1 and NASCAR interest
Read full article: Roger Penske adds Long Beach street race to portfolio as he holds off F1 and NASCAR interestRoger Penske has added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach.
Food prices worried most voters, but Trump's plans likely won't lower their grocery bills
Read full article: Food prices worried most voters, but Trump's plans likely won't lower their grocery billsAmericans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills.
Veteran NBC host Craig Melvin tapped to replace Hoda Kotb for the first hours of 'Today' show
Read full article: Veteran NBC host Craig Melvin tapped to replace Hoda Kotb for the first hours of 'Today' showVeteran NBC host and news anchor Craig Melvin has been tapped to replace Hoda Kotb as co-host of the 7 a_m_ to 9 a_m_ hours of “Today.”.
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Read full article: Maker of Coach handbags calls off merger with company that produces Michael Kors accessoriesFashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame.
Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backing
Read full article: Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backingSatirical news publication The Onion has bought Alex Jones’ Infowars at a bankruptcy auction with the backing of families of victims of the Sandy Hook Elementary School shooting.
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
Read full article: EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practicesEuropean Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Read full article: US wholesale inflation picks up slightly in sign that some price pressures remain elevatedWholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure.
The number of American filing for jobless claims falls to lowest level in 6 months
Read full article: The number of American filing for jobless claims falls to lowest level in 6 monthsThe number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels.
AI could help scale humanitarian responses. But it could also have big downsides
Read full article: AI could help scale humanitarian responses. But it could also have big downsidesThe refugee organization, the International Rescue Committee, is testing some artificial intelligence tools to try to increase the number of displaced people they can reach with critical information.
Men earn more than women in egalitarian Norway, report finds. But it's on par with Europe
Read full article: Men earn more than women in egalitarian Norway, report finds. But it's on par with EuropeA Norwegian government report says that men earn an average of 13% more than women in egalitarian Norway.
UK set to create new pension megafunds with aim of unlocking $100 billion for investment
Read full article: UK set to create new pension megafunds with aim of unlocking $100 billion for investmentBritish Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s sub-par economic growth.
South African government says it won't help thousands of illegal miners inside a closed mine
Read full article: South African government says it won't help thousands of illegal miners inside a closed mineSouth Africa’s government says it will not help an estimated 4,000 illegal miners inside a closed mine in the country’s North West province as part of an official policy against illegal mining.
Food aid interventions can curb climate change-induced hardship. But should they do more?
Read full article: Food aid interventions can curb climate change-induced hardship. But should they do more?The United States foreign food aid program can be a big help when extreme weather fueled by climate change hammers communities.
Top Federal Reserve official defends central bank's independence in wake of Trump win
Read full article: Top Federal Reserve official defends central bank's independence in wake of Trump winA Federal Reserve official has given a lengthy defense of the central bank's political independence.
Flurry of contract deals come as railroads, unions see Trump's election looming over talks
Read full article: Flurry of contract deals come as railroads, unions see Trump's election looming over talksThe flurry of contract agreements announced early this fall — including two more Wednesday — offer evidence that major railroads and their unions are working to avoid the standoffs that led them to a brink of a national strike two years ago.
A $1 billion proposal is the latest plan to refurbish and save the iconic Houston Astrodome
Read full article: A $1 billion proposal is the latest plan to refurbish and save the iconic Houston AstrodomeThe Houston Astrodome has been in limbo, waiting for its chance at a second life since being shuttered more than 15 years ago.
Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role
Read full article: Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk roleChoosing billionaire Elon Musk to be what President-elect Donald Trump calls “our cost cutter” for the U.S. government, is not the first time an American president has empowered a business tycoon to look for ways to dramatically cut federal regulations.
NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
Read full article: NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlordsTenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers.
Bluesky has added 1 million users since the US election as people seek alternatives to X
Read full article: Bluesky has added 1 million users since the US election as people seek alternatives to XSocial media platform Bluesky has gained 1 million new users in the week since the U.S. election.
Amazon launches an online discount storefront to better compete with Shein and Temu
Read full article: Amazon launches an online discount storefront to better compete with Shein and TemuAmazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20.
Supreme Court seems likely to allow class action to proceed against tech company Nvidia
Read full article: Supreme Court seems likely to allow class action to proceed against tech company NvidiaThe Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency.
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Read full article: Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat upSpirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt.
Danish palace scraps system dating to the 1800s that grants royal labels for products
Read full article: Danish palace scraps system dating to the 1800s that grants royal labels for productsDenmark’s royal court says it will phase out a labeling system dating to the 1800s that grants companies the right to use the image of the Danish crown on their letterhead, packaging and labels.
The global luxury goods market is forecast to shrink in 2025. Trump's tariffs could make it worse
Read full article: The global luxury goods market is forecast to shrink in 2025. Trump's tariffs could make it worseGlobal sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic.
Neighbors of Kentucky factory describe years of odors before explosion that killed 2, injured 11
Read full article: Neighbors of Kentucky factory describe years of odors before explosion that killed 2, injured 11Neighbors of a factory in Louisville, Kentucky, where two workers were killed in an explosion say they complained for years about odors coming from the plant.
Indonesia's volcanic eruption grounds international flights on tourist island of Bali
Read full article: Indonesia's volcanic eruption grounds international flights on tourist island of BaliSeveral international airlines have canceled flights to and from Indonesia’s tourist island of Bali because of an ongoing volcanic eruption.
In Africa, meager expectations and some hopes for a second Trump presidency
Read full article: In Africa, meager expectations and some hopes for a second Trump presidencyAfrican leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships.
Stock market today: Wall Street drifts to a mixed finish after an inflation update
Read full article: Stock market today: Wall Street drifts to a mixed finish after an inflation updateU.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Chinese hackers target Tibetan websites in malware attack, cybersecurity group says
Read full article: Chinese hackers target Tibetan websites in malware attack, cybersecurity group saysA hacking group that is believed to be Chinese state-sponsored has compromised two websites with ties to the Tibetan community in an attack meant to install malware on users’ computers.
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
Read full article: Trump's economic agenda for his second term is clouding the outlook for mortgage ratesDonald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
Read full article: Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next monthThe nation’s largest owner of regional sports networks will offer single-game pricing for NBA and NHL games beginning next month.
US inflation rose slightly last month after 2 years of steady cooling but remained low
Read full article: US inflation rose slightly last month after 2 years of steady cooling but remained lowInflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
Explosion at Kentucky business injures 11 workers, shatters windows in surrounding neighborhood
Read full article: Explosion at Kentucky business injures 11 workers, shatters windows in surrounding neighborhoodAt least 11 employees have been taken to hospitals after an explosion at a Louisville, Kentucky, plant caused a partial collapse of the building and blew out windows in nearby homes and businesses.
Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
Read full article: Argentina's monthly inflation drops to 2.7%, the lowest level in 3 yearsArgentina’s inflation has slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei.
Gold is suddenly not so glittery after Trump's White House victory
Read full article: Gold is suddenly not so glittery after Trump's White House victoryAfter ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump’s victory in the presidential election.
Jury awards Abu Ghraib detainees $42 million, holds contractor responsible
Read full article: Jury awards Abu Ghraib detainees $42 million, holds contractor responsibleA U.S. jury has awarded $42 million to three former detainees of Iraq’s notorious Abu Ghraib prison, holding a Virginia-based military contractor responsible for contributing to their torture and mistreatment two decades ago.
Chris Wallace is leaving CNN. He says he wants to see what the new media environment has to offer
Read full article: Chris Wallace is leaving CNN. He says he wants to see what the new media environment has to offerVeteran broadcaster Chris Wallace is leaving CNN after three years but, at age 77, he's not interested in retiring.
Trump has promised to 'save TikTok'. What happens next is less clear
Read full article: Trump has promised to 'save TikTok'. What happens next is less clearAfter a tumultuous year filled with anxiety and a legal fight about its future in the U.S., TikTok may have just been thrown a lifeline by the man who was once its biggest foe.
Wall Street makes wagers on the likely winners and losers in a second Trump term
Read full article: Wall Street makes wagers on the likely winners and losers in a second Trump termWall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets.
Waymo's robotaxis now open to anyone who wants a driverless ride in Los Angeles
Read full article: Waymo's robotaxis now open to anyone who wants a driverless ride in Los AngelesWaymo on Tuesday opened its robotaxi service to anyone who wants a ride around Los Angeles, marking another milestone in the evolution of self-driving car technology since the company began as a secret project at Google 15 years ago.
Boeing says it will take several weeks to resume production of planes after the strike
Read full article: Boeing says it will take several weeks to resume production of planes after the strikeBoeing says it will be several weeks before it fully resumes building passenger planes, as factory workers return following a strike that lasted nearly two months.
Elliott takes more than $5B stake in Honeywell, advises separating automation, aerospace units
Read full article: Elliott takes more than $5B stake in Honeywell, advises separating automation, aerospace unitsActivist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies.
Facebook and Instagram users in Europe can opt for less personalized ads
Read full article: Facebook and Instagram users in Europe can opt for less personalized adsFacebook and Instagram users in Europe will get the option to see less personalized ads if they don’t want to pay for an ad-free subscription.
Chinese e-commerce firms report growth in sales, shoppers for Singles' Day shopping festival
Read full article: Chinese e-commerce firms report growth in sales, shoppers for Singles' Day shopping festivalChina’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed.
European fake art network involving Banksys, Warhols, Modiglianis uncovered in Italy
Read full article: European fake art network involving Banksys, Warhols, Modiglianis uncovered in ItalyItalian authorities say they have dismantled a network of European art forgers who made fake Warhols, Banksys and Picassos and then tried to sell them with the help of complicit auction houses.
German leader set to ask for Dec. 16 confidence vote, paving way for election as early as February
Read full article: German leader set to ask for Dec. 16 confidence vote, paving way for election as early as FebruaryGerman media are reporting that Chancellor Olaf Scholz is expected to ask for a vote of confidence in his government on Dec. 16.
EU top diplomat nominee strongly backs Ukraine and underlines China's links to the war
Read full article: EU top diplomat nominee strongly backs Ukraine and underlines China's links to the warThe nominee for the European Union's next top diplomat says the bloc must commit to Ukraine for the long-haul even as the war's costs mount.
Home Depot's Q3 results top Wall Street as pullback in consumer spending eases a bit
Read full article: Home Depot's Q3 results top Wall Street as pullback in consumer spending eases a bitHome Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street’s expectations.
Japan's SoftBank returns to profit after gains at Vision Fund and other investments
Read full article: Japan's SoftBank returns to profit after gains at Vision Fund and other investmentsJapanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments.
Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companies
Read full article: Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companiesOil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule announced by the Biden administration.
Yemen's Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage
Read full article: Yemen's Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damageThe U.S. Defense Department says Yemen’s Houthi rebels targeted two U.S. Navy warships with multiple drones and missiles as they were traveling through the Bab el-Mandeb Strait on Tuesday.
Protests blocking bridges in Georgian separatist region of Abkhazia end
Read full article: Protests blocking bridges in Georgian separatist region of Abkhazia endProtests that blocked bridges to the capital of the Russia-backed Georgian separatist region of Abkhazia have ended Tuesday after authorities freed five opposition supporters who were jailed the night before.
For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?
Read full article: For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?After nearly a decade of negotiations, leaders during the United Nations climate conference’s first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas.
Philippine defense secretary doesn't expect Trump will demand payment for protection
Read full article: Philippine defense secretary doesn't expect Trump will demand payment for protectionPhilippine Defense Secretary Gilberto Teodoro says he doesn't expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because both allies face the shared threat of China.
Dutch appeals court overturns landmark climate ruling against Shell
Read full article: Dutch appeals court overturns landmark climate ruling against ShellA Dutch appeals court has overturned a landmark ruling that ordered energy company Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels.
Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
Read full article: Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbonsAll that’s left is for President-elect Donald Trump to put his name on it — if he wants.
Stock market today: Wall Street drifts lower as the Trump trade cools
Read full article: Stock market today: Wall Street drifts lower as the Trump trade coolsU.S. stocks slipped as juice ran out for the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory.
Bitcoin neared $90,000 in a new record high. What to know about crypto's post-election rally
Read full article: Bitcoin neared $90,000 in a new record high. What to know about crypto's post-election rallyAs money continues to pour into crypto following Donald Trump’s reelection, bitcoin has climbed to yet another record high.
Mattel says it 'deeply' regrets misprint on 'Wicked' dolls packaging that links to porn site
Read full article: Mattel says it 'deeply' regrets misprint on 'Wicked' dolls packaging that links to porn siteToy giant Mattel says it “deeply” regrets an error on the packaging of its “Wicked” movie-themed dolls, which mistakenly links toy buyers to a pornographic website.
US regulators investigating whether engines on 1.4 million Hondas might fail
Read full article: US regulators investigating whether engines on 1.4 million Hondas might failU.S. auto safety regulators are investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles.
Vatican, Microsoft create AI-generated St. Peter's Basilica to allow virtual visits, log damage
Read full article: Vatican, Microsoft create AI-generated St. Peter's Basilica to allow virtual visits, log damageA digital twin of St. Peter’s Basilica has been created using artificial intelligence to explore one of the world’s most important monument’s.
Round 2 in the Trump-vs-Mexico matchup looks ominous for Mexico
Read full article: Round 2 in the Trump-vs-Mexico matchup looks ominous for MexicoMexico is facing a second Donald Trump presidency, and few countries can match its experience as a target of Trump’s rhetoric: There have been threats to close the border, impose tariffs and even send U.S. forces to fight Mexican drug cartels if the country doesn’t do more to stem the flow of migrants and drugs.
UN climate talks to focus on money to help poor nations cut carbon pollution
Read full article: UN climate talks to focus on money to help poor nations cut carbon pollutionExperts calculate that curbing and coping with global warming is going to cost trillions of dollars and poor nations just don’t have it.
Singles' Day shopping festival loses its shine under China's lagging economy
Read full article: Singles' Day shopping festival loses its shine under China's lagging economyThe Singles’ Day shopping festival looks less attractive this year amid a sluggish economy, forcing e-commerce firms to look abroad for growth.
Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000
Read full article: Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check.
Veterans face challenges starting small businesses but there are plenty of resources to help
Read full article: Veterans face challenges starting small businesses but there are plenty of resources to helpMany veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part.
California farmers enjoy pistachio boom, with much of it headed to China
Read full article: California farmers enjoy pistachio boom, with much of it headed to ChinaCalifornia farmers have been devoting more land to pistachios, which are seen as hardier and more drought-tolerant in a state prone to dramatic swings in precipitation.