Business

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

WASHINGTON (AP) — The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide be...

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Trump tariffs could increase factory costs by up to 4.5%: analysis

Trump tariffs could increase factory costs by up to 4.5%: analysis

WASHINGTON (AP) — As President Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on...

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UnitedHealth falls short of second quarter expectations and offers weak outlook for 2025

UnitedHealth falls short of second quarter expectations and offers weak outlook for 2025

UnitedHealth missed Wall Street’s second-quarter earnings expectations and offered a new and conservative take on the rest of 2025. The health care giant said Tuesday that it expects rising medica...

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1 in 10 Americans now millionaires, but the status loses some luster

1 in 10 Americans now millionaires, but the status loses some luster

NEW YORK (AP) — As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t afford tuition. In her twenties, already ...

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Wall Street hits an all-time high for the 5th time this week

Wall Street hits an all-time high for the 5th time this week

NEW YORK (AP) — U.S. stocks capped another strong week with more records on Friday. The S&P 500 rose 0.4% to set an all-time high, the fifth time it did so this week. The Dow Jones Industrial ...

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Chinese and US trade officials meet in Sweden to tackle tariffs

Chinese and US trade officials meet in Sweden to tackle tariffs

STOCKHOLM (AP) — Chinese and U.S. trade officials arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ...

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