Washington Financial News

After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year

Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.

Gurpatwant Singh Pannun, as per a PTI report. The remarks by US State Department Principal Deputy Spokesperson Vedant Patel came in response to claims made by The Washington Post, attributing unnamed sources, regarding a Research and Analysis Wing (RAW) officer's involvement in the alleged plot on American soil last year, it added.

At least a dozen people in California and Washington have been sickened with E

The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug

Robert McCall, a former Marine and DIA agent, as he battles it out against the Russian mafia running a human trafficking ring. While part 3 met with huge success, it left fans wondering whether there would be a sequel. Denzel Washington had stated at the Cinemacon in 2023 that it was the end and it is highly unlikely that part 4 is happening.

The Federal Trade Commission is challenging patents on 20 brand name drugs, including the blockbuster weight-loss injection Ozempic

The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, a historic shift to generations of American drug policy that could have wide ripple effects across the country

Ralph Lauren has been known for many a grand fashion show over the years: taking over Central Park for a sumptuous anniversary celebration, for example, or staging a runway show amid his eye-popping classic car collection. But for his Fall/Holiday 2024 collection, he decided to go minimal — at least, minimal in Ralph Lauren terms. That meant an intimate show Monday night in a (relatively) small design studio at his New York City offices, inspired by his first women's fashion show in 1972, where he displayed his wares to editors and friends in his own office. In front of a typically starry front row that included actors Glenn Close, Jessica Chastain, Kerry Washington, Rebecca Hall and Jodie Turner-Smith, Lauren opened his show on a note of timelessness — his longtime ethos — with the appearance of muse and supermodel Christy Turlington, now 55, in a sleek beige wool coat.

U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures

Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve

The Supreme Court will hear an appeal from a Vista, California, CBD hemp oil company fighting a lawsuit from a truck driver who says he got fired after using a product falsely advertised as being free from the active ingredient in marijuana

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on 'The Claman Countdown.'

RAW) chief Samant Goel, who has been named in a Washington Post report on alleged assasination bid on Khalistani terrorist and US citizen Gurpatwant Singh Pannun, had played a key role in Balakot and Uri strikes on Pakistan by Indian forces. In a report on Monday, Washington Post had claimed that one Vikram Yadav, an RAW officer, had hired a hit team to kill Pannun. An indictment filed in a Manhattan court in November last year mentioned an unnamed Indian government official, referred to as 'CC-1', who allegedly hired one Nikhil Gupta to get Pannun assassinated. The Washington Post report claims that Goel, who was the RAW head at that time, gave the final nod for the assassination attempt of Pannun, as per a report published by The Washington Post.

India saying the country is dreaming of becoming a superpower while the Islamic nation is begging to avoid bankruptcy. He asked, “Who is responsible for this?" “There are powers behind the walls controlling us, and they make decisions while we are just puppets," he accused the Pakistan government of “selling democracy" as quoted by ARY News. Rehman also expressed dismay over the state of representation in Pakistan, saying, “The governments are formed in palaces and bureaucrats decided who would be the Prime Minister." “How long will we continue to compromise? How long will we seek help from external forces for being elected as a lawmaker.

Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month. Following discussions in Washington, the IMF Executive Board approved Pakistan's request for the release of funds. Insiders suggest that Pakistan can expect to receive the loan disbursement promptly, likely as soon as tomorrow (Tuesday), following the IMF's authorisation, as reported by ARY News.

assassination plot of Khalistan separatist leader Gurpatwant Singh Pannun in the US seriously, the White House has said but refrained from commenting on the FBI probe into the matter and the criminal case filed by the Department of Justice. The remarks by White House Press Secretary Karine Jean-Pierre on Monday came amid an investigative media report claiming that a RAW official identified as Vikram Yadav was involved in the assassination plot of Pannun in the US and the move was approved by the then Indian spy agency chief Samant Goel. Pannun is one of the main leaders of the Khalistan movement and the legal advisor and spokesperson for Sikhs for Justice, which aims to promote the idea of a separate Sikh state. The Indian government has declared Pannun a terrorist. Replying to questions on the report by The Washington Post, Jean-Pierre said an investigation is underway and the Department of Justice (DOJ) is running a criminal investigation.

Older Americans are fueling a sustained boost to the U.S. economy

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads

Medical device maker Philips will pay $1.1 billion to settle personal injury lawsuits in the U.S. over its defective sleep apnea machines

These events, unfolding against the backdrop of heightened tensions in the ongoing Israeli-Palestinian conflict, underscore the challenges faced by universities nationwide as they grapple with the increasingly visible demonstrations and encampments on their campuses.