Federal Reserve officials said Wednesday that while there are signs the economy is slowing, the Fed was not yet ready to cut its key interest rate. Yet even as it held rates at their current level of about 5.5%, the Federal Open Market Committee’s latest statement included changes in language that acknowledged growing signs of economic weakness that suggest a ...
The United Auto Workers has endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement shouldn’t be surprising. UAW President Shawn Fain has been outspoken against Trump. The Detroit union also has historically supported Democrats, including President Joe Biden. It comes after Biden withdrew his re-election bid and endorsed Harris to become the Democratic nominee against Trump. Fain and Trump ...
Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO called the current slowdown in the home goods category “unprecedented” — and likened it to the 2008 financial crisis. “Our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great ...
Call Don Draper, Venu Sports may have a marketing problem The Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That’s much more expensive than Netflix, Max, Peacock or any other major subscription streaming service. It’s a lot less than the $73-per-month YouTube TV or a standard cable bundle — but those offerings include a wide ...
WOODLAND PARK, N.J. — Kohl’s is thinking small to rev up its sales. The retailer is opening Babies R Us shops in its existing stores across the country starting this week, and plans to have 200 by the end of September. The shops will carry a variety of baby merchandise that the company hasn’t offered before, including shampoo, strollers and car seats. ...
One of the few things working in Iran’s favor after the humiliating news that Hamas political leader Ismail Haniyeh was assassinated in the Iranian capital overnight is that the regime controls most of the information the world gets to see. What Iran has said so far is that Haniyeh died after being hit by an “airborne guided projectile” in Tehran where he was ...
Russia has launched one of the largest drone attacks on Ukraine since the war began, mainly targeting overnight the region in and around the capital Kyiv, according to the Ukrainian military, which said all 89 drones fired were shot down. It marks the largest attack on the capital so far this year, and the seventh time Russia has targeted Kyiv ...
The assassination of the political leader of Hamas has plunged the Middle East into fresh crisis and dented already slim hopes of an end to the war between Israel and the militant group that rules Gaza anytime soon. Hamas on Wednesday said Israel killed its political leader, Ismail Haniyeh, in Tehran, Iran, hours after Israel claimed a strike on the ...
Venezuela’s President Nicolas Maduro warned Wednesday that he will not hesitate to call on the population for a “new revolution” if forced by what he calls “North American imperialism and fascist criminals.” Maduro’s comments come amid deadly protests across the country following its disputed presidential election victory, which the US and several other countries have refused to recognize. “I would ...
Two Al Jazeera correspondents were killed in a reported Israeli airstrike in Al-Shati refugee camp, northern Gaza, on Wednesday, according to the news network, sparking condemnation from advocacy groups and highlighting the dangers for local reporters covering the war. Ismail Al-Ghoul and his cameraman, Rami Al-Rifi, who lived in the besieged enclave, were killed in an airstrike on their car ...