Federal Reserve Cuts Interest Rates 1/4 %

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. The Fed’s 19 policymakers projected that they will cut their benchmark…MORE

EPA Allows California to Ban Sales of New Gas-Powered Cars by 2035.

WASHINGTON (AP) — The Environmental Protection Agency on Wednesday granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035. The incoming Trump administration is likely to try to reverse the action. The California rule is stricter than…MORE

Judge Rejects Trump’s Bid To Toss Hush Money Conviction Because Of Supreme Court Immunity Ruling

NEW YORK (AP) — A judge has refused to dismiss President-elect Donald Trump’s hush money conviction because of the U.S. Supreme Court’s recent ruling on presidential immunity. But the overall future of the historic case remains unclear. Manhattan Judge Juan M. Merchan’s decision Monday blocks one potential off-ramp from the case ahead of Trump’s return…MORE

Ukraine And US Say Some North Korean Troops Have Been Killed Fighting Alongside Russian Forces

KYIV, Ukraine (AP) — Ukraine’s military intelligence agency and the Pentagon say some North Korean troops have been killed during combat against Ukrainian forces in Russia’s Kursk border region. These are the first reported casualties since the U.S. and Ukraine announced North Korea has sent 10,000 to 12,000 troops to Russia to help it in…MORE

Negotiators Say Israel And Hamas Are Inching Toward A Ceasefire Deal. This Is what It May Look Like

After months of deadlock, Israel and Hamas appear to be moving closer toward a ceasefire to end their 14-month war. Top officials from the U.S., Qatar and Egypt have resumed their mediation efforts in recent weeks and reported greater willingness by the warring sides to wrap up a deal. In a key concession, Hamas officials…MORE

Federal Reserve Is Likely To Slow Its Rate Cuts With Inflation Pressures Still Elevated

WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are set to reduce their benchmark rate, which affects many consumer and…MORE

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