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Fed Holds Rates Steady, Signals More Rate Increases Ahead

Fed Holds Rates Steady, Signals More Rate Increases Ahead

The Federal Reserve held short-term interest rates steady and offered a mostly upbeat assessment of the economy’s performance, suggesting another rate increase is likely at its next meeting.

Published 1 month ago

Europe’s Rule Enforcer Explains Her Philosophy

Europe’s Rule Enforcer Explains Her Philosophy

Margrethe Vestager, the European competition commissioner, says tech companies need to ask themselves one question: Do you serve the consumer?

Published 1 month ago

Chevron Stayed in Venezuela Long After Rivals Quit. Then It Had Second Thoughts.

Chevron Stayed in Venezuela Long After Rivals Quit. Then It Had Second Thoughts.

It’s both a moral and commercial choice. Profits are drying up amid corruption and a social and economic crisis. Chevron has weighed leaving, given the taint of working with the Maduro government, but fears a withdrawal could make things worse for the country.

Published 1 month ago

Wells Fargo Ends Investigation Over Bias Against Women

Wells Fargo Ends Investigation Over Bias Against Women

Wells Fargo has concluded “no gender bias” in its wealth management division, according to a top executive. Another executive who was a focus of the investigation and allegedly referred to women as “girls” is retiring.

Published 1 month ago

Democratic House Win Sets Up Clash Over Trump Tax Cuts

Democratic House Win Sets Up Clash Over Trump Tax Cuts

Democrats will aim to reverse tax cuts for high-income households when they take the House majority, setting up a clash with Republicans that will color fiscal debates over the next two years, including prospects for a bipartisan deal to improve the nation’s infrastructure.

Published 1 month ago

Europe’s Rule Enforcer Explains Her Philosophy

Europe’s Rule Enforcer Explains Her Philosophy

Margrethe Vestager, the European competition commissioner, says tech companies need to ask themselves one question: Do you serve the consumer?

Published 1 month ago

Knife Attack Leaves One Dead in Melbourne, Australia

Knife Attack Leaves One Dead in Melbourne, Australia

A knife-wielding attacker stabbed three people, killing one, before being shot by police in Australia’s second-largest city, police said, adding that they didn’t rule out terrorism as a possible motive.

Published 1 month ago

Federal Judge Blocks Keystone XL Pipeline Permit

Federal Judge Blocks Keystone XL Pipeline Permit

A federal judge in Montana blocked the Trump administration’s permit allowing the Keystone XL pipeline and barred any construction of the long-delayed project until completion of a supplemental environmental review.

Published 1 month ago

Saudi Arabia, OPEC’s Anchor, Ponders a Future Without the Cartel

Saudi Arabia, OPEC’s Anchor, Ponders a Future Without the Cartel

Saudi Arabia’s top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a remarkable research effort for a country that has dominated the oil cartel for nearly 60 years.

Published 1 month ago

Senate, House Seats Remain Unclaimed as Vote Counting Continues

Senate, House Seats Remain Unclaimed as Vote Counting Continues

Democrat Lucy McBath unseated Republican incumbent Karen Handel in Georgia’s sixth congressional district, adding to the Democrats’ new majority in the House with more than a dozen contests still undecided.

Published 1 month ago

Appeals Court Rules Against Trump on Canceling DACA Protections

Appeals Court Rules Against Trump on Canceling DACA Protections

An appeals court rejected the Trump administration’s bid to move ahead with its cancellation of a program that protects undocumented immigrants who came to the U.S. as children.

Published 1 month ago

Apple boosts land holdings to more than 7,000 acres

Apple boosts land holdings to more than 7,000 acres

iPhone maker triples US property purchases for data centres during the past 2 years

Published 1 second ago

Lloyd Blankfein revelation piles pressure on Goldman over 1MDB

Lloyd Blankfein revelation piles pressure on Goldman over 1MDB

Attendance of ex-chief at 2009 meeting threatens to undermine defence in scandal

Published 1 second ago

US judge blocks construction of Keystone oil pipeline

US judge blocks construction of Keystone oil pipeline

Court overturns Trump decision following a lawsuit filed by environmental groups

Published 1 second ago

Rome’s bet on dramatic rise in state benefits draws Brussels ire

Rome’s bet on dramatic rise in state benefits draws Brussels ire

Italy proposes lifting payments to poor and unemployed to as much as €780 per month

Published 1 second ago