Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would be the first time officials have trimmed rates in over…
Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during the Fed’s annual August summit in Jackson Hole, Wyoming, Powell said ‘the time has come…
Microsoft said Friday it will hold a conference in September for cybersecurity firms to discuss ways the industry can evolve following a faulty CrowdStrike software update that caused millions of Windows computers to crash in July. The incident sent internet-connected systems into disarray. Airlines canceled thousands of flights, logistics companies reported package delivery delays…
Guns swinging from their hips, two soldiers in black combat boots and green tactical clothing appear to wire explosives to pumps at the Canada Water reservoir in Rafah, southern Gaza. Moments later, an orange blaze tears through the critical facility in the Tal al-Sultan neighborhood, as ribbons of grey smoke erupt…
Indian leader Narendra Modi has arrived in the Ukrainian capital Kyiv, where he is set for talks with Ukrainian President Volodymyr Zelensky that will be keenly watched in Russia as its assault on its neighbor grinds on. Ukrainian lawmaker Oleksiy Honcharenko confirmed Modi’s arrival in a post on Telegram Friday.…
Elevate Prize Foundation founder Joe Deitch CNN “When we’re building something, we’re sort of alone. And to be with others like ourselves is just so affirming, and nourishing, and wonderful,” Elevate Prize Foundation founder Joe Deitch explained. “We can learn from each other. We can get that spark and have…
One of the world’s busiest harbors became the scene of a dramatic rescue operation Friday after a young humpback whale was spotted with fishing gear tangled around its tail. Rescuers were first alerted to the 13-meter whale in Sydney Harbour on Thursday afternoon when volunteer rescue group ORRCA received a call…
The body believed to be that of Hannah Lynch, the 18-year-old daughter of British tech tycoon Mike Lynch, has been found by divers searching the wreck of the Bayesian superyacht that sank off Sicily this week, an Italian coast guard official said Friday. With the wreck located nearly 50 meters…
An Australian court ruled on Friday that removing a transgender woman from female-only social networking platform Giggle for Girls constituted discrimination, in a landmark decision on gender identity for the country. Roxanne Tickle in 2022 sued the Australian app and founder Sally Grover for unlawful gender identity discrimination in its…
Russia’s President Vladimir Putin likes to project himself as a strongman. But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. A day and a half after Ukrainian troops stormed a Russian border crossing and continued, almost…