House speaker breaks with Trump over debt limit

WASHINGTON — With just hours to go before the federal government begins shutting down for lack of funds, House Republicans on Friday plan to hold a vote to fund the…

What happens for consumers when the government shuts down?

The US Capitol Christmas Tree is lit up ahead of the Christmas season on the West Lawn of the US Capitol Building in Washington DC., United States on December 3,…

PCE inflation November 2024:

Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday. The…

Russian central bank surprises markets by holding key rate at 21%

MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation…

Trump-backed bill to avert government shutdown fails

WASHINGTON — A House Republican bill to fund the government for three months and suspend the debt ceiling for two years failed Thursday night, as dozens of rank-and-file Republicans voted…

House Republicans need Trump’s support to avoid government shutdown

U.S. Speaker of the House Mike Johnson (R-LA), and U.S. Senate Majority Leader Chuck Schumer (D-NY) listen during a Hanukkah reception at the U.S. Capitol Building on December 17, 2024…

What to expect from global central banks in 2025 after Fed slows cuts

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the…

Bank of England holds interest rates at 4.75% after inflation uptick

The Bank of England pictured in December 2024. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday ended its last meeting of the year…

Luxury safaris adapt as travelers push for meaningful experiences

Luxury safari-goers were once all about spotting lions, leopards, elephants, buffaloes and rhinos — albeit while staying in nicer tents and dining on gourmet food. But that’s changing. “Safaris are…

Powell says central bank to be ‘cautious’ on rate cuts

Consumers are feeling the effects of higher prices, not higher inflation, Powell says Powell thinks that consumers are feeling the effect of high prices, rather than of high inflation. “We…