Today's Top Story
Powell likely to signal that lower inflation is needed before Fed would cut rates
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year Read More
Business News
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Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
The Biden administration says it'll cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud
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Google and Apple now threatened by the US antitrust laws that helped build their technology empires
The U.S. Justice Department has launched a double-barreled antitrust attack on Google’s dominant search and Apple’s trendsetting iPhone
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CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast
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Economic News
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Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times
Workers and activists around the world are marking May Day with largely peaceful rallies against rising prices and calling for greater rights
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Stock market today: Wall Street drifts as it waits to hear from the Federal Reserve on rates
Stocks are drifting as Wall Street waits to hear from the Federal Reserve about where interest rates may be heading
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US job openings fall to 8.5 million in March, the lowest level in more than 3 years
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates
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Money News
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Iran commutes a tycoon's death sentence to 20 years in prison
Iran’s official IRNA news agency reported that a tycoon's death sentence has been commuted to 20 years in prison after he returned around $2.1 billion in assets from illegally selling oil abroad
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A Hawaii military family avoids tap water at home. They're among those suing over 2021 jet fuel leak
Richelle Dietz is a mother of two and wife of a U.S. Navy chief petty officer living on a Hawaii military base who often thinks about water
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Long lines form and frustration grows as Cuba runs short of cash
Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM
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