The Federal Reserve announced Wednesday it was keeping interest rates at their current levels amid improving consumer confidence and a declining inflation rate. In the run-up to Wednesday’s announcement, some Fed officials have been signaling that the current rate has been enough to knock inflation down toward the central bank’s 2% target. The federal funds target rate has remained at ...
A district court judge in Florida on Wednesday dismissed Disney’s lawsuit against Gov. Ron DeSantis over the loss of a long-standing planning district, ruling that Disney lacked standing to bring the suit. Judge Allen Winsor of the Northern District Court of Florida said Disney’s claims of injury resulting from the appointment of board members to a new district created by ...
U.S. colleges and universities won’t receive students’ applications for financial aid until at least early March, the Education Department said Tuesday. The delay is the result of the department’s decision to fix an error in how students’ aid eligibility is calculated. The fix is intended to cover students entering college for the 2024-25 academic year. Normally, schools receive student data ...
High-performing Walmart managers now have the ability to earn more than $400,000 a year after the retail giant announced it is offering the ability for some managers to earn $20,000 worth of stock grants starting in April. In a video posted Monday on LinkedIn, Walmart U.S. President and CEO Brian Furner said the amount of the stock grant rewards would ...
In a surprise move, the most powerful Iran-backed militia in Iraq, Kataib Hezbollah, announced on Tuesday the suspension of its military operations against US forces in the region two days after a drone attack killed three US service members and wounded dozens of others. “We are announcing the suspension of military and security operations against the occupation forces (US troops) ...
The US has reimposed economic sanctions against a Venezuelan state-owned mining company and says it could go on to reimpose further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week. The US Treasury on Monday revoked General License 43, which had authorized dealings with ...
Israeli tanks fired live ammunition and smoke grenades after entering a hospital complex in southern Gaza where more than 8,000 people are sheltering, the Palestine Red Crescent Society (PRCS) said Tuesday. After surrounding the Al Amal hospital in Khan Younis for more than a week, Israeli military vehicles drove into the compound and were stationed in the hospital’s front yard, ...
A decade-long survey of the night sky has revealed a mysterious new type of star astronomers are referring to as an “old smoker.” These previously hidden stellar objects are aging, giant stars located near the heart of the Milky Way galaxy. The stars are inactive for decades and fade until they’re almost invisible before belching out clouds of smoke and ...
Boris Nadezhdin, an anti-war candidate vying for the Russian presidency, said Wednesday he had submitted the signatures required to be listed on the presidential election ballot, potentially allowing him to stand against Vladimir Putin in March. Nadezhdin announced he had delivered 105,000 signatures, the maximum allowed by law, to the Central Election Commission in Moscow, which now has 10 days to ...
For the first time, African music will have its own category at the Grammys. The Recording Academy will showcase three new categories for this year’s awards, including “Best African Music Performance” — featuring some of Afrobeats’ global superstars. “By introducing these three new categories, we are able to acknowledge and appreciate a broader array of artists,” said Recording Academy CEO ...
Concern is mounting for thousands of sheep and cattle stranded off the coast of Australia after authorities ordered the Israeli-owned ship transporting the live cargo to turn around over fears it could be targeted by Houthi rebels in the Red Sea. More than 16,000 animals are aboard the MV Bahijah anchored off Western Australia, where sweltering heat is adding to pressure on ...
A Thai court on Wednesday ordered the kingdom’s most popular political party to end its campaign to amend the country’s notoriously strict royal defamation law, dashing its supporters hopes for reform of the powerful monarchy. The Constitutional Court in Bangkok ruled the progressive Move Forward Party, which won the most seats in last year’s election, violated the constitution through its campaign ...