Business

Fed raises key interest rate

Fed raises key interest rate

The 0.25 percent interest rate had lasted for three and a half years before the Fed began to increase the rates late last year as a risk mitigation measure. The US dollar index, which tracks the US currency against a basket of six rivals, was flat on the day at 96.932 but above its overnight low of 96.323 plumbed after downbeat economic figures.


Everything you need to know about Google's €2.4bn fine

Everything you need to know about Google's €2.4bn fine

The EU's antitrust chief, Margrethe Vestager , charged that similar products competing with Google were often ranked much lower in search (if you're not on the first page, you're basically dead). In the U.K., Kelkoo and Foundem are among companies that stand to gain from a formal ruling from the EU. These fines make people wonder whether the European Union has something against American companies.


IMF trims economic forecast for US

IMF trims economic forecast for US

The IMF, in its annual review of the American economy, questioned the White House's plan to accelerate output and said it was skeptical the administration would be able rev up the world's largest growth engine to a sustained 3% annual rate.


Fraud trial underway for ex-pharma exec Martin Shkreli

Fraud trial underway for ex-pharma exec Martin Shkreli

At the jury selection in a Brooklyn courtroom, more than 100 potential jurors were dismissed . Some of the jurors knew about the 34-year-old Shkreli, who became known as "the most hated man on the internet" two years ago after hiking the price of the drug Daraprim overnight from $13.50 per pill to $750 as CEO of Turing Pharmaceuticals.


Surprise! Seattle's Minimum Wage Increase Is Making People Poorer

Surprise! Seattle's Minimum Wage Increase Is Making People Poorer

Absolutely yes, say researchers at the University of Washington, who just completed what some are calling a highly credible study of Seattle's experiment gradually raising the minimum wage to $15. Past research generally (though not always) that modest minimum wage increases have little impact on the employer. Single-site businesses, though - which are counted in the report - could include franchise locations that are owned separately from their corporate headquarters.


Escaped inmates captured in Tenn., governor says

Escaped inmates captured in Tenn., governor says

Police responded and started chasing the pair. Donnie Russell Rowe , an escaped Georgia prisoner, was apprehended in Tennessee on June 15, 2017. Rowe and Dubose have been on the run since Tuesday, when they allegedly overpowered two correctional officers on a transport bus in Putnam County before making their escape .