Business News

The Federal Reserve cut its benchmark interest rate on Wednesday for the first time in more than four years—and by an unusually large half-point. Thomas Savidge, a research fellow at the American Institute for Economic Research and a public policy analyst, joins NTD to break down the economic and political impacts.

Small, cheap electric vehicles are not yet available for Americans, though some consumers would appreciate the option to choose one of the extremely cheap and simple vehicles currently being produced for the Chinese market. However, several factors are preventing such cars from being made available in the United States.  

The Federal Reserve cut interest rates by half a percentage point—or 50 basis points—on Wednesday, marking the first rate cut in four years. NTD discussed the Fed’s move and what it means to families and businesses with Jim Schultz, president of Minnesota Private Business Council.

Economist and former Italian Prime Minister Mario Draghi has raised alarms over Europe’s economic future, warning of a “slow agony” in key sectors such as innovation, green energy, and defense. The former European Central Bank President urged an €800-billion investment plan to prevent the bloc from falling behind global competitors like the United States and […]

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that follows growing unease about the health of the job market. NTD speaks to a veteran investor on whether it was […]

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. The Fed’s new Summary of Economic Projections showed policymakers see […]

NEW YORK—Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don’t imply an urgent process. “There’s nothing in the [Summary of Economic Projections] that suggest the Committee is in a rush to get this done,” Powell said in reference to how fast the central bank is […]

The Federal Reserve on Wednesday cut interest rates by half a percentage point, or 50 basis points, marking their first rate cut in four years. The decision lowers the federal funds rate to a range between 4.75 percent to 5 percent. “Recent indicators suggest that economic activity has continued to expand at a solid pace. […]

News Analysis The winds of change are upon the U.S. economy as the Federal Reserve is expected to cut interest rates for the first time in four years, affecting everyone from Main Street to Wall Street. After the Fed launched its inflation-fighting crusade in March 2022, higher interest rates have significantly raised consumer borrowing costs, […]

The Federal Reserve is expected to announce an interest rate cut on Tuesday. Investors, lenders, analysts, and the like have been waiting with bated breath to see what the Federal Open Market Committee will decide. NTD discussed the matter with Thomas Savidge, an economist at the American Institute of Economic Research. He says the Fed […]

The Taiwanese pager manufacturer whose branding appeared on remnants of beepers that exploded in Lebanon says that they were manufactured by another company in Hungary. The model of pagers used in detonations in Lebanon was made by Budapest-based BAC Consulting, Taiwanese firm Gold Apollo claimed on Wednesday. It said it had only licensed out its […]

Tupperware Brands filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to mounting losses amid poor demand for its once-iconic food storage containers. The company’s popularity exploded in the 1950s as women of the post-war generation held “Tupperware parties” at their homes to sell food storage containers as they sought empowerment and independence. However, it […]

LONDON—Google won a court challenge on Wednesday against a 1.49 billion euro ($1.66 billion) European Union antitrust fine imposed five years ago that targeted its online advertising business. The EU’s General Court said it was throwing out the 2019 penalty imposed by the European Commission, which is the 27-nation bloc’s top antitrust enforcer. “The General […]

Gold is having its moment in the sun right now, according to Jason Goepfert, senior research analyst with Sundial Capital Research. NTD speaks to Christian Briggs, the CEO of Hard Asset Management Inc. and the host of the “Hard Asset Money Show.” He says gold’s path to the huge increase in value comes after China […]

The Toronto International Film Festival is over, but the city is still feeling the glow from the increased business revenue brought in by fans and celebrities. According to the Canadian government, the festival brought in more than $200 million in revenue.

Former President Donald Trump and his family announced their new crypto venture, called World Liberty Financial, on X Monday night. The project appears to be a crypto exchange, where WLFI tokens can be traded.  

Former President Donald Trump on Monday offered few details about a new cryptocurrency business that he, his family, and associates unveiled in a live event on X Spaces. Trump has been looking to court digital asset advocates ahead of Election Day on Nov. 5. Trump has embraced digital assets during his reelection campaign, promising to […]