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....
The Biden administration’s Energy Department released a report that could complicate President-elect Donald Trump’s plans to promote liquefied natural gas (LNG) exports.
Congress is preparing to vote on legislation that would restrict U.S. investments in China as part of a broader government funding bill, lawmakers announced Tuesday.
The U.S. government has agreed to pay nearly $116 million to settle lawsuits brought by over 100 women who suffered sexual abuse and mistreatment at the now-closed Federal Correctional Institution (FCI) in Dublin, California.
House Foreign Affairs Committee Chair Michael McCaul, R-Texas, warned Tuesday that some of the unidentified aircraft spotted over the East Coast are likely Chinese "spy drones." McCaul’s comments came before a classified briefing on drone activity, raising national security concerns.
