The Federal Reserve is set to announce its next decision on interest rates with the announcement expected to carry a lot of signals on the state of the economy, inflation and consumer prices. NBC’s Christine Romans joins TODAY to break down what it means for consumers and how it may impact the economy.
Category Archives: business
Great-grandson of Henry Ford warns Trump tariffs, tax bill could hurt American automakers
William Ford Jr., the current executive chairman of Ford Motor Company and great-grandson of Henry Ford, says President Trump’s threat of tariffs is weighing heavily on the company. He spoke with NBC News’ Tom Costello about impact of tariffs and the first Ford ever made, which he still has more than 100 years later.
Iran plunged into an internet near-blackout during deepening conflict
Iran plunged into a near-total internet blackout Tuesday as Israel continued to bombard the country
A left-right coalition seeks to limit Trump’s power to get involved in Israel-Iran conflict
A group of lawmakers spanning a broad ideological spectrum is raising alarms about the possibility of the United States taking an active role in the conflict between Israel and Iran.
NYC comptroller detained by ICE agents after court hearing
New York City Comptroller Brad Lander was detained by ICE agents after “escorting a defendant out of immigration court.” Lander is also a candidate in New York’s upcoming mayoral primary.
Amazon expects to cut corporate jobs as it relies more on AI
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence “will reduce our total corporate workforce as we get efficiency gains” over time.
Companies ask Supreme Court to quickly hear Trump tariffs challenge
WASHINGTON — Two educational toy companies on Tuesday asked the Supreme Court to quickly take up their challenge to tariffs imposed by President Donald Trump
Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders
GM unveils quickest Corvette ever with ZR1X ‘hypercar’ going 0-60 mph in less than two seconds
DETROIT — General Motors is once again expanding its Corvette lineup with a new high-performance, hybrid variant of the quintessential American sports car
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee
JPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its annual fee