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Economy
Moody’s downgrades US credit rating over persistent budget deficits
Moody's Ratings on Friday announced that it downgraded the U.S. credit rating by one notch…
Vance calls Fed’s refusal to cut rates ‘monetary malpractice’
Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve…
Energy secretary says Trump reversing Biden era electricity policies
Energy Secretary Chris Wright on Sunday said the Trump administration's energy policies will lower electricity prices…
Powell wants strong economy, controlled inflation before 2026 departure
Despite nearing the end of his term, Federal Reserve Chairman Jerome Powell sidestepped any discussion…
Large tax refunds coming from One Big Beautiful Bill Act next year, Bessent says
Treasury Secretary Scott Bessent said that American households will see "very large refunds" in the tax…
Powell warns housing struggles to continue despite rate cuts
Federal Reserve Chair Jerome Powell warned that the housing sector's struggles are likely to continue with…
West Palm Beach transforms from tourist spot to big business boomtown
West Palm Beach is no longer just a sun-soaked getaway for retirees and winter tourists…
Mortgage rates rise to 6.22%: Freddie Mac
Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest…
Disney licenses 200 characters to OpenAI for Sora video generation program
Disney has come to an agreement with OpenAI Ranch to license its famous characters for…
Fed cuts rates for third consecutive time, signals only one cut in 2026
Federal Reserve policymakers cut interest rates for the third straight meeting on Wednesday while signaling…
December FOMC: Fed cuts rates for third time this year amid economic uncertainty
The Federal Reserve on Wednesday announced its third interest rate cut of the year as policymakers…
GoFundMe sees Americans crowdfunding for basic needs like bills and food
GoFundMe’s 2025 "Year in help" review found that its crowdfunding platform was increasingly used by…
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