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Tuesday,  November 26 , 2024
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FILE - An American flag flies over the Federal Reserve building on May 4, 2021, in Washington. With the end of their two-year fight against inflation in sight, Federal Reserve officials on Wednesday, July 31, 2024, are likely to set the stage for the first cut to their key interest rate in four years.

Fed Chair Powell says September interest rate cut could be ‘on the table’ as inflation cools

FILE - An American flag flies over the Federal Reserve building on May 4, 2021, in Washington. With the end of their two-year fight against inflation in sight, Federal Reserve officials on Wednesday, July 31, 2024, are likely to set the stage for the first cut to their key interest rate in four years.

July 31, 2024, 2:38pm Business

Federal Reserve Chair Jerome Powell on Wednesday set the stage for the central bank's first rate cut in four years, citing greater progress toward lower inflation as well as a cooler job market that no longer threatens to overheat the economy. Read story

FILE - With protesters in the audience, Boeing CEO Dave Calhoun waits to testify before the Senate Homeland Security and Governmental Affairs Subcommittee on Investigations at the Capitol in Washington, Tuesday, June 18, 2024. On Sunday, July 7, 2024, the Justice Department said Boeing has agreed to plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners.(AP Photo/J.

Boeing names new CEO as it posts a loss of more than $1.4 billion in second quarter

FILE - With protesters in the audience, Boeing CEO Dave Calhoun waits to testify before the Senate Homeland Security and Governmental Affairs Subcommittee on Investigations at the Capitol in Washington, Tuesday, June 18, 2024. On Sunday, July 7, 2024, the Justice Department said Boeing has agreed to plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners.(AP Photo/J.

July 31, 2024, 2:35pm Business

Boeing named a longtime aerospace industry veteran on Wednesday as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems. Read story

Stock market today: S&P 500 jumps to best day in 5 months as tech rebounds, rate cuts come into view

July 31, 2024, 1:30pm Business

Big technology stocks bounced back Wednesday and drove a rally for U.S. indexes, as Wall Street grew even more convinced long-sought cuts to interest rates will be arriving soon. Read story

File - A Microsoft Surface logo is seen before an NFL football game between the Houston Texans and the Baltimore Ravens, on Jan. 20, 2024, in Baltimore. Microsoft reports earnings on Tuesday, July 30, 2024.

Microsoft says that a cyberattack triggered the hours-long outage impacting Azure customers

File - A Microsoft Surface logo is seen before an NFL football game between the Houston Texans and the Baltimore Ravens, on Jan. 20, 2024, in Baltimore. Microsoft reports earnings on Tuesday, July 30, 2024.

July 31, 2024, 9:04am Business

A global Microsoft Azure outage that impacted a range of services for consumers Tuesday — from reports of stalling Outlook emails to trouble ordering on Starbucks' mobile app — was triggered by a distributed denial of service cyberattack, according to the tech giant. Read story

FILE - Stick and ground cinnamon is displayed for a photograph in Concord, N.H., on March 2, 2008. U.S. health officials are warning, Wednesday, July 31, 2024, that several types of ground cinnamon sold at certain discount and specialty grocery stores are contaminated with high levels of lead.

FDA warns about more ground cinnamon tainted with lead. Here’s what you need to know

FILE - Stick and ground cinnamon is displayed for a photograph in Concord, N.H., on March 2, 2008. U.S. health officials are warning, Wednesday, July 31, 2024, that several types of ground cinnamon sold at certain discount and specialty grocery stores are contaminated with high levels of lead.

July 31, 2024, 9:03am Business

U.S. health officials are warning that several types of ground cinnamon sold at certain discount and specialty grocery stores are contaminated with high levels of lead and should be discarded. Read story

FILE - This July 4, 2013, file photo shows a U.S. flag, in the shape of the country, in the outfield before a baseball game between the Washington Nationals and the Milwaukee Brewers at Nationals Park in Washington. The attorney general for Washington, D.C. has sued StubHub, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. Attorney General Brian Schwalb said Wednesday the practice known as drip pricing violates consumer protection laws in the nation&rsquo;s capital. The lawsuit says StubHub has sold nearly 5 million tickets in Washington since implementing the practice in 2015 and reaped about $118 million in fees.

Washington, D.C., sues StubHub, saying the resale platform inflates ticket prices with deceptive fees

FILE - This July 4, 2013, file photo shows a U.S. flag, in the shape of the country, in the outfield before a baseball game between the Washington Nationals and the Milwaukee Brewers at Nationals Park in Washington. The attorney general for Washington, D.C. has sued StubHub, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. Attorney General Brian Schwalb said Wednesday the practice known as drip pricing violates consumer protection laws in the nation&rsquo;s capital. The lawsuit says StubHub has sold nearly 5 million tickets in Washington since implementing the practice in 2015 and reaped about $118 million in fees.

July 31, 2024, 8:48am Business

The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. Read story

FILE - Passengers wait in line for assistance at the Delta Terminal, July 19, 2024, at Logan International Airport in Boston. Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown that happened earlier this month.

Delta CEO says airline is facing $500 million in costs from global tech outage

FILE - Passengers wait in line for assistance at the Delta Terminal, July 19, 2024, at Logan International Airport in Boston. Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown that happened earlier this month.

July 31, 2024, 8:31am Business

Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in costs related to a global tech outage this month that disrupted emergency services, communications and thousands of businesses. Read story

FILE - A sign at a Starbucks is displayed in Philadelphia, Wednesday, May 1, 2024. Starbucks reports earnings on Tuesday, July 30, 2024.

Starbucks quarterly revenue falls on weak traffic in U.S. and China

FILE - A sign at a Starbucks is displayed in Philadelphia, Wednesday, May 1, 2024. Starbucks reports earnings on Tuesday, July 30, 2024.

July 31, 2024, 8:29am Business

Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. Read story