The Federal Reserve left interest rates unchanged for a third meeting in a row on Wednesday, as officials stuck to a wait-and-see approach amid heightened uncertainty about how significantly President Trump’s tariffs will raise inflation and slow growth. The unanimous decision to stand pat will keep interest rates at 4.25 percent to 4.5 percent. Rates…
Shares of Alphabet Inc., the parent company of Google, plunged more than 5% on Wednesday following revelations from a federal antitrust trial and developments tied to cybersecurity and energy infrastructure.As of 12:17 p.m., Alphabet Inc.’s Class C stock was trading at $151.41, marking a sharp decline of $13.79 or 8.35% for the day. At the…
The Federal Reserve left interest rates unchanged for a third meeting in a row on Wednesday, as officials stuck to a wait-and-see approach amid heightened uncertainty about how significantly President Trump’s tariffs will raise inflation and slow growth. The unanimous decision to stand pat will keep interest rates at 4.25 percent to 4.5 percent. Rates…
Aerospace companies are bracing for a potential escalation in trade tensions as the European Union prepares to target Boeing jets with retaliatory tariffs in response to existing US import duties on European goods, including Airbus aircraft, according to industry sources.The anticipated measures, expected to be announced Thursday by the European Commission, come as part of…
Americans, struggling with rising costs, have been looking for ways to cut back on nonessential spending. But Disney, so far at least, apparently does not count as a discretionary expense. The company, reporting results for its winter quarter on Wednesday, said operating profit at its domestic theme park division had climbed 13 percent from a…
US Federal Reserve Chair Jerome Powell (AP Photo) The US Federal Reserve, led by chair Jerome Powell, kept benchmark rate unchanged in 4.25-4.5% target range at the FOMCmeet on Wednesday. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has…
The signs inside Terminal B at LaGuardia Airport told the story on Wednesday morning: “Real ID, Enhanced, Passport” with an arrow pointing to the right, and “All Others” with an arrow pointing to the left. After years of warnings and postponements, “all others” are no longer enough to make it past airport security checkpoints. Travelers…
Earlier this year, Reliance Jio and Airtel sealed deals to distribute Starlink’s satellite internet services. (AI image) Elon Musk-led Starlink has been issued a Letter of Intent by the Indian government for satcom services. SpaceX, established in 2002 by Elon Musk, the world’s wealthiest individual, has created Starlink, a satellite-based internet service. This American aerospace…
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China. Evidence for the economic impact of President Trump’s trade wars is everywhere — except, for the most part, in economic data itself. Consumer spending hasn’t…
NEW DELHI: Business-to-business ride services company Routematic has raised $40 million in a funding round led by venture capital firm Fullerton Carbon Action Fund and Shift4Good, senior company officials said on Wednesday.The company plans to use the fund to strengthen its business matrix and expedite its journey towards public listing, Founder and CEO Sriram Kannan…
