Federal Reserve Chair Jerome Powell made it clear Wednesday he’s not going anywhere just yet.
Category Archives: business
Uber adds hotel bookings and vacation rentals in a push to become a one-stop shop for travel
Uber said Wednesday that users will soon be able to book hotels through its app, as it looks to expand its offerings and become a do-it-all travel service.“Uber is now an app for everything,” CEO Dara Khosrowshahi said during the company’s product announcement.
Federal Reserve keeps interest rates steady for third straight time
The Federal Reserve announced it is keeping interest rates steady for the third time in a row. It is likely to be Chair Jerome Powell’s last policy meeting as the leader of the world’s most influential central bank.
US Gas Prices Surge to a 4-Year High as Iran Stalemate Drags On
Gas prices surged to their highest levels in nearly four years as negotiations to end the war between the United States and Iran remain deadlocked. The average cost for a gallon of regular now stands at $4.23 and experts warn the timing couldn’t be worse with the summer travel season just weeks away. NBC’s Christine Romans reports for TODAY.
Gas prices hit $4.23 per gallon, a new high for the year
U.S. gas prices have hit a fresh record since the start of the war with Iran, according to the motor club AAA.
Fed keeps interest rates steady as Iran war fuels inflation
The Federal Reserve kept interest rates steady at what is likely to be Jerome Powell’s last policy meeting as chair.
UAE announces it will leave OPEC
The United Arab Emirates said it would leave the Organization of the Petroleum Exporting Countries after being a part of the group that coordinates oil output among the world’s top producers for over five decades. NBC News’ Christine Romans reports on the motivations behind the UAE’s withdrawal.
FCC directs Disney-owned TV stations to file early license renewals
The Federal Communications Commission issued an order Tuesday directing Disney’s eight owned-and-operated television stations to file their broadcast license renewals ahead of schedule
White House ramps up pressure on ABC to fire Jimmy Kimmel over first lady remark
The White House on Tuesday intensified pressure on ABC to fire late-night host Jimmy Kimmel over a comment he made about first lady Melania Trump last week.
Tech stocks slide following report on OpenAI missing key targets
Tech stocks slid Tuesday after The Wall Street Journal published a report warning that ChatGPT-maker OpenAI was falling short of revenue and user targets, fueling concerns about whether the tech industry’s multitrillion-dollar investment in AI will eventually pay off