Category Archives: 24/7 Newsroom News

Federal Reserve Cuts Interest Rates 1/4 %

Federal Reserve Cuts Interest Rates 1/4 %

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. The Fed’s 19 policymakers projected that they will cut their benchmark…MORE

EPA Allows California to Ban Sales of New Gas-Powered Cars by 2035.

EPA Allows California to Ban Sales of New Gas-Powered Cars by 2035.

WASHINGTON (AP) — The Environmental Protection Agency on Wednesday granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035. The incoming Trump administration is likely to try to reverse the action. The California rule is stricter than…MORE

Judge Rejects Trump’s Bid To Toss Hush Money Conviction Because Of Supreme Court Immunity Ruling

Judge Rejects Trump’s Bid To Toss Hush Money Conviction Because Of Supreme Court Immunity Ruling

NEW YORK (AP) — A judge has refused to dismiss President-elect Donald Trump’s hush money conviction because of the U.S. Supreme Court’s recent ruling on presidential immunity. But the overall future of the historic case remains unclear. Manhattan Judge Juan M. Merchan’s decision Monday blocks one potential off-ramp from the case ahead of Trump’s return…MORE

Federal Reserve Is Likely To Slow Its Rate Cuts With Inflation Pressures Still Elevated

Federal Reserve Is Likely To Slow Its Rate Cuts With Inflation Pressures Still Elevated

WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are set to reduce their benchmark rate, which affects many consumer and…MORE

Trump Weighs In On NY Mayor, Vaccines And Drones In Press Conference At Mar-A-Lago

Trump Weighs In On NY Mayor, Vaccines And Drones In Press Conference At Mar-A-Lago

PALM BEACH, Fla. (AP) — President-elect Donald Trump told reporters that he would consider pardoning embattled New York Mayor Eric Adams, said the country was “not going to lose” the polio vaccine and weighed in on the flurry of drone sightings over New Jersey during a freewheeling press conference Monday at his Mar-a-Lago club. Holding…MORE

Senate Report Alleges Amazon Rejected Warehouse Safety Recommendations Due To Productivity Concerns

Senate Report Alleges Amazon Rejected Warehouse Safety Recommendations Due To Productivity Concerns

A U.S. Senate committee says at least two internal Amazon studies have found a relationship between worker speed and injuries in the online retailer’s warehouses. A 160-page report issued Sunday night by the Senate Committee on Health, Education, Labor, and Pensions alleges Amazon rejected many of the studies’ safety recommendations out of concern the proposed…MORE