NEW YORK (AP) — The United States is running out of pennies. President Donald Trump’s decision to stop producing the penny earlier this year is starting to have real implications for the nation’s commerce. Merchants in multiple regions of the…
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair Jerome Powell also cautioned…
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SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed a bipartisan bill Thursday that aims to prevent the state’s home insurer of last resort from running out of money following a natural disaster. The FAIR Plan is an insurance pool…
NEW YORK (AP) — A Harvard Business School graduate was arrested Thursday on fraud charges alleging he swindled fellow alumni of the prestigious school out of over $4 million in a Ponzi scheme, even assuring one investor they would soon…
WASHINGTON (AP) — The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. The request represents an extraordinary effort by…
Opponents of French Prime Minister François Bayrou look near certain to bring down his minority government early next month over his plans to slash the budget by nearly €44 billion. Since snap elections last summer delivered a hung parliament, Macron…
NEW YORK (AP) — Famed investor Warren Buffett is donating $6 billion worth of his company’s stock to five foundations, bringing the total he has given to them since 2006 to roughly $60 billion, based on their value when received.…
NEW YORK (AP) — Wall Street’s rally stalled on Wednesday after U.S. stocks climbed back within 2% of their all-time high. The S&P 500 fell 0.3% for its first loss in four days. The Dow Jones Industrial Average was virtually…
Stocks are opening lower on Wall Street and crude prices are falling to a four-year low after the OPEC+ group of oil-producing nations said it plans to increase output. The S&P 500 slid 0.7% early Monday. The benchmark index is…