Business

Federal Reserve cuts key rate but signals higher bar for future reductions

WASHINGTON — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to ...

Wall Street is flat as Exxon Mobil climbs and JPMorgan Chase drops

NEW YORK — U.S. stocks are drifting on Tuesday as Wall Street waits to hear what the Federal Reserve will say on Wednesday about where interest rates are heading. The S&P 500 was virtually unchanged and remained near its all-time high, which was set in October. The Dow Jones Industrial ...

Trump is proposing a $12B aid package for farmers hit hard by his trade war with China

WASHINGTON — President Donald Trump announced a $12 billion farm aid package on Monday — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war. He unveiled the plan Monday ...

Boeing finalizes $4.7B acquisition of key 737 Max supplier Spirit AeroSystems

Boeing said Monday that it has completed a $4.7 billion purchase of key supplier Spirit AeroSystems, which builds fuselages for the giant aerospace company's 737 Max jetliners, including an Alaska Airlines aircraft that suffered a door-panel blowout last year. The deal, in the works for over a ...

Netflix makes $72B deal for Warner Bros. studio and streaming business

NEW YORK — Netflix struck a deal Friday to buy Warner Bros. Discovery, the Hollywood giant behind “Harry Potter” and HBO Max, in a $72 billion deal that would bring together two of the biggest players in television and film and potentially reshape the entertainment industry. If approved ...

US filings for jobless benefits fall to 191,000

WASHINGTON — U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve's upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ...