Business

Trump administration moves ahead with efforts to fire Federal Reserve governor

WASHINGTON (AP) — The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president's effort to terminate her over mortgage fraud allegations that she has ...

US job market stalled in July as employers cut 23,000 jobs

WASHINGTON (AP) — The U.S. job market stalled unexpectedly last month, delivering a political blow to President Donald Trump three months ahead of midterm elections and complicating decision-making for the inflation fighters at the Federal Reserve. Employers cut 23,000 jobs in July. And ...

FCC chairman defends actions against ABC

Federal Communications Commission Chairman Brendan Carr on Friday defended his agency's recent actions against ABC, saying broadcasters have a duty to "operate in the public interest" and the FCC is merely trying to restore that standard. Broadcasters like ABC, Carr said in an interview on ...

Trump wanted interest rate cuts to be ‘Rocket Fuel’ for the economy

WASHINGTON (AP) — President Donald Trump has been losing his own battle to cut interest rates. The president likes to vilify high rates as an affront to the size and strength of the U.S. economy, saying that America deserves the cheapest borrowing costs in the world. Trump for months ...