Author: Press Room

Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates.“As we parse the incoming information, we are focused on separating the signal from the noise as the outlook evolves,” Mr. Powell said at an event on Friday. “We do not need to be in a hurry, and are well positioned to wait for greater clarity.”If inflation stays sticky but the economy…

A New Jersey police officer is being hailed as a hero after he risked his life by pulling an unconscious driver from a fiery wreck on Wednesday. Dramatic bodycam footage shows New Jersey police officer Noah Allat reaching into the driver’s seat of a sedan and plucking its driver to safety after the vehicle smashed into a tanker truck and burst into flames.Seconds earlier, Allat arrives on the scene and finds a man injured on the road, dazed and holding his knee. There, the injured person tells Allat that there was someone else in the Hyundai Elantra at the time of…

A tech industry veteran, Mike McCue sees an opening for a different kind of internet where algorithms don’t call the shots. Mr. McCue, the chief executive of the internet company Flipboard, is challenging social media’s automated grip on our attention, betting that humans, not machines, should curate online experiences.Three decades ago, as vice president of technology at the groundbreaking tech company Netscape, Mr. McCue helped democratize information access through the World Wide Web. Now, he’s positioning his company’s new Surf browser as part of a growing community of so-called decentralized social media options, alongside emerging platforms like Bluesky and Mastodon.The…

Every year, millions of dollars in credit card rewards go unclaimed — money that could be covering travel, everyday expenses, or even cash back in your pocket. If you’re not redeeming those rewards, you’re leaving money on the table.As someone who leverages credit card rewards, I was somewhat surprised by the recent Bankrate survey revealing that 25% of Americans didn’t redeem their rewards last year.That represents big money. For example, in 2022, consumers using general-purpose credit cards from major issuers earned more than $40 billion in rewards, according to a 2024 Consumer Financial Protection Bureau report. “Issuers forfeit, expire, revoke, or otherwise…

Descrease article font size Increase article font size A family with two young children who collapsed with hypothermia were rescued in the forest overnight Thursday after trying to cross the border into Quebec between the U.S. and Canada. The Royal Canadian Mounted Police (RCMP) said they received a call at 3:15 a.m. from Quebec provincial police alerting them that two adults and a one and two-year-old located around Havelock, Que., needed urgent rescue from the woods after walking for hours overnight and getting lost.The Sûreté du Québec (SQ) had received a 911 call shortly before from the mother.RCMP spokesperson Martina…

The cyclone is a disaster for millions of people in its path. For the Prime Minister, it is a major political disruptor.

Check out the companies making headlines in midday trading. Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the $4.11 per share that analysts surveyed by LSEG were expecting. Second-quarter revenue, however, topped estimates. Broadcom — The chipmaker popped 5% after posting fiscal first-quarter earnings that were above analysts’ expectations, per LSEG. Broadcom also guided for second-quarter revenue of about $14.9 billion, which is higher than the $14.76 billion Wall Street forecast. Mobileye Global — Shares of the maker…

Ki’Lolo Westerlund knew she had a starring role in an NFL Flag 50 commercial promoting flag football that would air during Super Bowl LIX. She knew she’d be appearing alongside past and present NFL players such as Myles Garrett, Justin Jefferson and Marshawn Lynch. She just hadn’t seen it. It aired on millions of screens worldwide right after halftime, but the 17-year-old flag football star was actually at the game in New Orleans with her father.Westerlund was a standout receiver and defensive back at Liberty High School in Las Vegas. She also helped the U.S. Girls’ Junior National Team win…

In the packed Paris courtroom, the corporate magnate portrayed himself as a successful business leader who had labored to turn LVMH into the world’s top luxury conglomerate, with 75 brands, including Louis Vuitton and Dior, and 200,000 employees worldwide. When Mr. Arnault first took over the company in the 1980s, it had just 10,000 employees.He denied ever knowing of any illegal surveillance.Mr. Squarcini was tried alongside nine other defendants — mostly civil servants, police officers and consultants. Two of them were found not guilty.As the main defendant in the case, Mr. Squarcini was convicted of myriad offenses, including mishandling classified…

FIRST ON FOX: The Trump administration announced Friday that it will rescind more than $400 million in federal grants to Columbia University, citing concerns over rising antisemitism on campus and the school’s failure to address it.Earlier this week, the Departments of Health and Human Services (HHS), Education (DoED), and the U.S. General Services Administration (GSA) announced the initiation of a “comprehensive review” of more than $5 billion in federal grant money that goes to Columbia, “in light of ongoing investigations for potential violations of Title VI of the Civil Rights Act” related to antisemitism on campus. It has only been four…