The US Federal Reserve announced an interest rate cut of 25 basis points on Wednesday (December 18), reducing its target range to 4.25 to 4.5 percent in its third reduction of the year. Policymakers also signaled that only two rate cuts are expected in 2025 versus the four originally forecast.…
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture…
Malls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The slow death of department stores and rise of online shopping have hurt U.S. shopping malls, particularly over the last decade. The once-essential shopping centers have seen their numbers drop from a peak…
The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House, Senate and House of Representatives. At the White House level, President-elect Donald Trump has already nominated three people to posts in his administration who are likely to be key to…
Toxicology tests on the ingredients of drinks consumed by seven tourists who fell ill in Fiji showed “no methanol or illicit substances,” authorities on the South Pacific island said Wednesday. Deputy Prime Minister Viliame R. Gavoka delivered the update with an apology to the tourists that their holiday to the…
Ukraine has developed a laser weapon capable of shooting down targets from more than a mile away, the country’s drone force commander has claimed Speaking at a defense summit in Kyiv this week, Vadym Sukharevskyi, Commander of the Armed Forces of Ukraine’s Unmanned Systems said, “Today, we can already shoot…
A teen charged with killing three girls and wounding 10 other people in a stabbing rampage at a Taylor Swift-themed dance class in England this summer remained silent in court Wednesday as not guilty pleas were entered on his behalf. Axel Rudakubana, 18, who has refused to speak in each…
Israel’s military struck Houthi targets in Yemen early on Thursday, just hours after the Iran-backed militant group launched its latest attack on Israel. The Israeli airstrikes, including on ports and energy infrastructure in the capital Sanaa, were retaliation for Houthi missile and drone attacks on Israel over the past year,…
Wellington, New Zealand (AP) — Vanuatu’s capital was without water on Wednesday, a day after reservoirs were destroyed by a violent magnitude 7.3 earthquake that wrought havoc on the South Pacific island nation, with the number of people killed and injured expected to rise. The government’s disaster management office said…
Israel captured the strategically important mountain, Syria’s highest peak, following the fall of Bashar al-Assad’s regime to a rebel-led coalition earlier this month. Israeli officials including Netanyahu had initially characterized the advance as a temporary security measure. The source said Netanyahu’s order was intended to keep forces in place long…