Business

Government shutdown halts data, stokes risk as economy wobbles, experts say

Andrew Harnik/Getty Images(WASHINGTON) -- The government shutdown halted the release of key economic data, choking off the flow of information…

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Stocks close higher on 1st day of government shutdown

Matteo Colombo/Getty Images(NEW YORK) -- Stocks closed higher on Wednesday, just hours after a government shutdown began, defying fears among some observers about the…

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Trump announces deal to put TikTok under control of US investors

U.S. President Donald Trump speaks during a bilateral meeting with President of Ukraine Volodymyr Zelensky at the 80th session of…

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US economy grew 3.8% in 2nd quarter, far exceeding previous estimate

Javier Ghersi/Getty Images(NEW YORK) -- The U.S. economy expanded significantly more than initially estimated over a recent three-month period, suggesting robust growth…

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Starbucks to lay off 900 workers, close stores

A close-up of a Starbucks coffee shop sign on September 8, 2025 in Cardiff, Wales. (Photo by Matthew Horwood/Getty Images)(NEW…

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Fed Chair Powell says rising inflation and slow hiring pose ‘challenging situation’

Construction continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of…

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Fed cuts interest rates for 1st time in Trump’s 2nd term

Kevin Dietsch/Getty Images(NEW YORK) -- The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on…

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Trump races to reshape Fed days before interest rate decision

Chip Somodevilla/Getty Images(WASHINGTON) -- Twelve policymakers at the Federal Reserve are set to take a high-stakes vote this week on…

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Mortgage rates are falling fast. Is it a good time to buy a home?

moodboard/Getty Images(NEW YORK) -- Mortgage rates have fallen rapidly in recent months, offering homebuyers an opportunity for some borrowing relief…

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Inflation climbed in August as Trump’s tariffs intensified

President Donald Trump speaks to Treasury Secretary Scott Bessent while watching the men's singles finals U.S. Open, September 7, 2025…

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