U.S. stocks fell sharply on Wednesday, erasing earlier gains after the Federal Reserve announced a 25 basis point rate cut and projected a slower pace of rate reductions for next year.
U.S. officials are raising alarms over the possibility of thousands of ISIS fighters escaping from detention centers in Syria due to ongoing Turkish-backed military operations.
Shoplifting incidents in the U.S. surged 93% in 2023 compared to pre-pandemic levels, with retailers experiencing a 90% rise in monetary losses, according to a new study by the National Retail Federation (NRF).
The push for full federal recognition of the Lumbee Tribe of North Carolina has taken a significant step forward with the U.S. House of Representatives passing the Lumbee Fairness Act. The bill, which aims to provide federal services and benefits to the Lumbee people, passed with a vote of 311-96 on Tuesday. While the bill received broad support, it also saw opposition from Reps. Virginia Foxx (R-N.C.) and Chuck Edwards (R-N.C.). Notably, Reps. Patrick McHenry (R-N.C.) and Wiley Nickel (D-N.C.) did not vote.
The Federal Reserve made its third consecutive interest rate cut on Wednesday, reducing its benchmark rate by a quarter of a percentage point. The move, widely anticipated by investors and financial markets, brings the federal funds rate to a target range of 4.25 percent to 4.50 percent. Since beginning its rate cuts in September, the Fed has now lowered rates by a total of 100 basis points, or one percentage point.
Russia’s Federal Security Service (FSB) announced Wednesday the detention of a suspect in connection with the killing of Lt. Gen. Igor Kirillov in Moscow....
Florida Governor Ron DeSantis pushed back against "false media narratives" about illegal immigration, following a report highlighting the state's economic growth.
A lawsuit filed by two high school students in Riverside, California, is drawing national attention to issues of fairness in girls’ sports and free speech rights.
The prosecution concluded its case on Wednesday in the federal corruption trial of former Illinois House Speaker Michael Madigan, setting the stage for closing arguments in the coming days.
