Fed chair Jerome Powell warns fight against inflation will bring 'some pain'
CNN
At the Federal Reserve's annual Jackson Hole Economic Symposium, chairman Jerome Powell telegraphed a greater sense of urgency about taming inflation than he has in previous remarks, calling price stability "the bedrock of our economy."
In his keynote speech Friday morning, Powell said that the central bank's "overarching focus" was on controlling rampant inflation.
As President Trump and Elon Musk remake the federal government through firings, orders and brute force, small news publishers that specialize in the federal workforce are landing big scoops and seeing equally big traffic gains.
Nissan is still holding “various discussions” with Honda, the carmaker said Wednesday in response to media reports that it is set to scrap merger talks with its larger rival.
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The US Postal Service says it has temporarily suspended the acceptance of incoming international parcels from China and Hong Kong until further notice.
Google’s updated AI ethics policy removes its promise that it won’t use the technology to pursue weapons and surveillance.
Need a new computer, television or phone? You might want to consider getting one now.
Tensions among the United States and its three biggest trading partners are injecting uncertainty into the US economy, putting American business owners in an uncomfortable wait-and-see posture. We’d like to hear from you.
Australia has banned DeepSeek from all government devices over concerns that the Chinese artificial intelligence startup behind it poses security risks, the government said Tuesday.
The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders.
Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion.
Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday.
Beijing announced tariffs on Tuesday on some American imports including originating crude oil, agricultural machinery and liquefied natural gas in a move that coincides with the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.