Business

Oil prices keep spurting higher, but US stocks hold near their records

NEW YORK — More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don't want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain ...

Powell plans to remain on Fed board, cites legal actions by Trump administration

WASHINGTON — Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time," saying the "unprecedented" legal attacks by the Trump administration have put the independence of the nation's central ...

Kellogg is putting toys back into some cereal boxes as a ‘Toy Story 5’ tie-in

If you've missed rooting around in a cereal box for a toy, you're in luck. WK Kellogg Co. said Thursday it's including toys with some of its breakfast cereals for the first time in more than a decade. Starting on Sunday, special edition boxes of Frosted Flakes, Froot Loops, AppleJacks and ...

Don’t count on rate cuts just yet, even if Trump’s pick becomes Fed chair

WASHINGTON — President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn't pencil in lower borrowing costs for mortgages, auto loans, or business loans just yet. The odds of Kevin Warsh ...

Justice Department drops criminal probe of Fed chair

WASHINGTON — The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor. U.S. Attorney for the District of Columbia Jeannine Pirro said on X Friday that her office was ending its ...

Warner Bros shareholders approve Paramount’s $81 billion takeover of the Hollywood giant

NEW YORK — An $81 billion Warner-Paramount mega merger has received shareholders' stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line. Per a preliminary vote count Thursday, Warner Bros. Discovery said the ...