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Fed builds credibility, but hawkish turn leaves investors edgy

- Investors are gaining more confidence in the Federal Reserve's inflation-fighting backbone, but uncertainty about how far it will raise interest rates to keep prices in check is likely to cause volatility for stocks and bonds in the weeks ahead. The U.S. central bank on Wednesday raised rates for the first time since 2023, a widely expected move as it seeks to address persistently above-target inflation, despite repeated public calls by President Donald Trump for rate cuts. But markets now confront a very different investment backdrop, including a lack of clarity about how tight the Fed

Japan vows effort to maintain orderly yen moves

Beretta Holding to raise stake in Sturm Ruger to 25%, paper says

Arts|Business|Finance

LVMH signed a secret 2002 pact to buy Hermès heir’s shares. Now he says his fortune is missing

By Tassilo Hummel and David Gauthier-VillarsSept 17 - In a June court filing, luxury-goods giant LVMH <LVMH.PA> forcefully denied it had ever tried to acquire shares in rival Hermès <HRMS.PA> from that company’s founding-family heir Nicolas Puech, who alleges he was fleeced of his 6% stake – now worth billions – through schemes involving his late wealth manager."The group never contemplated acquiring Nicolas Puech's stake, let alone against his will," LVMH stated in the filing, responding to a lawsuit Puech filed last year in France.But LVMH signed a 2002 agreement to purc

Germany's east-west divide shifts from jobs to wealth

China's Xi calls for 'bigger, stronger' advanced manufacturing sector

Business|Economy|Finance

Bank of England expected to keep interest rates unchanged despite rising inflation

The Bank of England is expected to keep interest rates unchanged Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Economists expect a majority of the nine-member Monetary Policy Committee will want to see more evidence that higher inflation is feeding into underlying prices and wages and will therefore vote to keep the bank's main rate unchanged at 3.75% for the sixth consecutive meeting. Official figures released Wednesday showed that rising prices at the pump

Asian stocks are mixed after Wall Street slips following Fed's rate hike decision

Trump hopes Iran war nearing end as Houthi-Saudi fighting escalates

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Nebraska Senate candidate responds to leaked audio criticizing Trump voters: ‘We’re all angry right now’

Nebraska independent Senate candidate Dan Osborn on Wednesday appeared to confirm the authenticity of a leaked recording in which he is purported to criticize voters who support President Donald Trump.“Billy Bob in f**king Red Cloud, Nebraska, who lives next door to the f**king Trump store as you pull into town and is waving the Trump flag … all he knows is he’s like on the winning team,” a speaker said in audio obtained by the Omaha World-Herald. “He’s been so effective at taking Billy Bob and his wife Mary Jane or Mary Jo and telling them, look we’re winning. You’re on the wi

Election|Political|US

House to adjourn early, stave off Hegseth impeachment vote

Speaker Mike Johnson on Wednesday announced he is sending members home from Washington early for their seven-week campaigning recess ahead of the midterm elections, a move that will stave off a vote on impeaching Defense Secretary Pete Hegseth.House Republicans had planned to remain in session until Thursday, but will now take their last votes Wednesday evening on a major White House priority — a Russia sanctions bill — and then leave town. The next time House lawmakers are expected back in Washington will be after the November elections.“It’s time for our members to go home to their d

Wall St ends lower after Fed hikes interest rates, sees more tightening ahead

War-damaged Gaza building collapses, killing 20 people sheltering inside

Interview|Political|US

"The President Threw A Tantrum": Dem Congresswoman Recounts Heated Clash with Trump

The Kennedy Center board voted to close the center Tuesday after a tense meeting in which President Donald Trump called in to berate a Democratic congresswoman who serves on the panel, according to three sources familiar with the matter.“It was f**king crazy,” said one source familiar with the exchange between Trump and Rep. Joyce Beatty, whose lawsuit has prevented Trump’s name from being added to the building.Another source said Trump screamed, blaming Beatty for getting the courts involved and leading to the downfall of the performing arts center. Beatty told Trump he had put the Kenn

Election|Finance|Political|Stock Markets|US

What’s next for mail voting after the Supreme Court ruled against Trump

Election officials in both Democratic and Republican-led states breathed a sigh of relief when the Supreme Court blocked President Donald Trump’s sweeping restrictions on mail-in balloting Monday, which they had warned would upend vote-by-mail and potentially disenfranchise millions of voters in the midterms.The decision means the voters can cast ballots by mail as the laws in their state previously allowed. While election officials have been anxious about Trump’s attempts to severely complicate the process, they have spent the last several months assuming — correctly — that courts wou

Iran war expected to cause a spike in US inflation, according to budget watchdog

Mitch McConnell returns to the Senate after three-month absence due to health issues

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Nobel laureate Narges Mohammadi’s memoir details abuse in Iranian prison. She’s prepared for the consequences

During her incarceration at Tehran’s notorious Evin prison, Nobel peace laureate Narges Mohammadi would smuggle out fragments of writing with the help of her friends and fellow inmates.The risks were enormous; Mohammadi, 54, has suffered violent beatings, fallen gravely ill and spent much of the last two decades in prison, away from her children, for her activism against the Iranian regime.“One of my friends was trying to take out just three sheets of paper on a visiting day, but the prison security forces confiscated them from her,” Mohammadi told CNN’s Jomana Karadsheh Wednesday in o

Political|World

Trump sees three new GOP defections in House vote to end Iran war

The House on Tuesday voted to approve a measure that would require President Donald Trump to end his war with Iran, offering a potent political rebuke of the administration’s handling of the war just weeks before the midterms.This is now the third time that the House — led by Democrats, but with help from at least a few Republicans — has ordered Trump to withdraw troops from Iran. But Democrats argue this vote is their most important push yet, coming as one of the chamber’s last votes before the November elections.Seven Republicans backed the measure, up from four GOP votes for the las

This country is paying its people to read. Can it stop brain rot?

US Congress Democrats probe Russian oligarch financing of Trump Jr. wedding parties

Business|Economy|Health|Science|World

For the first time, Japan has more than 100,000 centenarians

Japan has been gripped by a declining population for decades, but one age group is adding new members and there are more of them than ever.For the first time in Japan, the number of people aged 100 or older has surpassed more than 100,000 – a new record in the country known for longevity.The population of centenarians rose again – for the 56th consecutive year – to 107,677 in September, up almost 8,000 from the previous year, the Ministry of Health, Labor and Welfare said Tuesday.Most are women, accounting for 88% or 94,298 of the total, the ministry added.Health Minister Kenichiro Ueno

Science|Technology|World

New warnings about the risks of AI to humanity revive a long-running debate

New warnings from within the artificial intelligence industry have revived a long-running debate over whether advanced AI could escape human control and ultimately threaten humanity’s survival, and whether the companies developing the technology are doing enough to prevent such a scenario. The CEO of Anthropic, the San Francisco company behind Claude, said he thought the industry needed to reduce the speed of its work, cautioning Saturday that a swarm of AI agents might be able to take over the internet in six months to a year unless companies devoted more time to putting safe

US wins fifth straight women's FIBA World Cup title, beating France 97-79

After 18 years in Baltimore, John Harbaugh faces his biggest challenge yet: Turning around the New York Giants

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Some Republicans privately fear Russia sanctions bill will give Trump too much power on tariffs

Business|Economy|Finance

What do higher rates mean for borrowers and savers?

The U.S. Federal Reserve nudged interest rates higher by a quarter of a percentage point on Wednesday, the first rate hike in more than three years.

Economy

Warsh on collision course with Trump administration

A look at the day ahead in European and global markets from Gregor Stuart Hunter Federal Reserve Chair Kevin Warsh is likely to come out of Wednesday's policy decision bruised one way or another.

Arts|Economy|Election|Finance

Trump, in North Carolina, says Democrats are soft on crime and communism

Business|Economy|Finance

Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice

The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Election|Political

Sweden's centre-left opposition wins election, SVT says

Sweden's centre-left opposition has defeated the incumbent right-wing governing bloc by the slimmest of margins, public broadcaster SVT said on Wednesday, after 99% of

Europe|Political|Technology

EU announces plan to ban social media for under 13s

Business|Economy|Political

Trump administration paid federal employees $9.5 billion not to work in 2025 under DOGE plan

Business|Economy|Finance

What Kevin Warsh said about the Fed’s first rate hike since 2023

Business|Finance

China's top diplomat urges Iran, US to show restraint, revive talks

China encourages Iran and the U.S. to remain rational, exercise restraint, return to the interim peace deal they signed in June and "engage in substantive consultations,"

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls