Investors proceeded cautiously through the week’s opening days, but the tone shifted on Friday (August 23) afternoon in response to an optimistic announcement from US Federal Reserve Chair Jerome Powell In a Jackson Hole speech,…
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Business
Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first…
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The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and…
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Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during…
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Business
How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September,…
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World News
Body believed to be that of tech mogul Mike Lynch’s daughter found by divers searching sunken Sicily yacht
The body believed to be that of Hannah Lynch, the 18-year-old daughter of British tech tycoon Mike Lynch, has been found by divers searching the wreck of the Bayesian superyacht that sank off Sicily this…
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Russia’s President Vladimir Putin likes to project himself as a strongman. But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. A…
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An Australian court ruled on Friday that removing a transgender woman from female-only social networking platform Giggle for Girls constituted discrimination, in a landmark decision on gender identity for the country. Roxanne Tickle in 2022…
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The attacker is on the run and police are treating the incident as a terror attack, said a German police spokesperson. Police services are utilizing all available resources, including personnel and vehicles, and a large-scale…
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Four officers at a maximum security prison in Russia were killed after inmates who identified themselves as affiliated to ISIS took several staff hostage, Russian state media reported. Russian special forces said the alleged hostage…