Stocks showed signs of life as U.S. financial markets opened on Friday, stabilizing after a steep selloff the previous day driven by concerns over a potential slowdown in data center construction. In early trading, the S&P 500 climbed 72 points, or nearly 1%, erasing losses after it suffered its worst day since April 2025 on Thursday….
The Federal Reserve held interest rates steady on Wednesday after hiking borrowing costs in September to clamp down on inflation. The central bank left the federal funds rate at a target range of 3.75% to 4%, keeping it unchanged after raising rates last month for the first time in three years. In a statement, the…
One day after a FlyDubai co-pilot made a violent attempt to crash the passenger aircraft and was subdued by passengers and other crew members, questions about his identity and motive continued to swirl Thursday. The flight from Dubai to Tel Aviv was approaching Israel when the co-pilot allegedly stabbed the flight captain and attempted to crash…
Candidates Xavier Becerra and Steve Hilton faced off in their first one-on-one debate ahead of the November election for California governor. The pair vied to win over the 47.4% of voters who supported their opponents in the primary during the debate, which aired on CNN. Moderators opened the debate with a question about affordability in California,…
Israeli Prime Minister Benjamin Netanyahu indicated to CBS News Wednesday that the motive of the co-pilot accused of stabbing his fellow pilot on a passenger jet bound from Dubai to Tel Aviv is still unknown. “I don’t think it was a hijacking,” Netanyahu told “CBS Evening News” anchor Tony Dokoupil. “I think it looks like…
Eliminating the funding shortfall in Social Security solely by raising payroll taxes could cost the typical U.S. worker and their employer thousands of dollars — a “financially impossible” burden for many Americans, according to an economist with the Cato Institute. Payroll taxes are the primary funding source for Social Security, although the program now pays…
When parents can’t find adequate child care, they might miss work, get fired or choose to leave the workforce entirely — all of which not only affects how much money families earn, but costs businesses and taxpayers. And the situation has gotten worse in recent years. According to the study from ReadyNation, the economy is…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
Jared Kushner, President Trump’s son-in-law and negotiator on Middle East affairs, met with Hamas leaders in Egypt on Sunday to discuss the latest U.S.-backed peace deal that seeks the group’s disarmament and a road map for the transfer of power to a new government, according to a source with knowledge of the meeting. The meeting…
Washington — The Senate Judiciary Committee on Tuesday advanced Todd Blanche’s nomination for attorney general to the Senate floor, clearing a key hurdle for President Trump’s pick to lead the Justice Department. The GOP-led panel voted 12-10 along party lines to advance Blanche’s nomination. The acting attorney general overcame skepticism from Republican Sens. John Cornyn…
