The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking […]
The FOMC decision was not unanimous as Governors Hammack, Kashkari, and Logan voted in favour of a 25 basis point hike. Personal consumption expenditures (PCE) inflation, a preferred inflation gague by the Fed, reached a three-year high of 4.1 per cent in May. Core PCE was 3.4 per cent for the month. The Fed’s target […]
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 29, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 9 […]
OpenAI CEO Sam Altman met with U.S. lawmakers Wednesday (July 29) and told reporters later that he supports federal artificial intelligence legislation, Bloomberg reported. Altman said that he didn’t discuss specific legislative proposals but that he was “certainly” supportive of AI cybersecurity guardrail legislation, according to the report. During the meetings, Altman also discussed OpenAI’s […]
A rental listing in Walnut Creek, CA, has sparked outrage amongst renters—thanks to its $200 monthly fee for tenants who work from home. In an already suffocating housing market where tenants feel stretched to the brink, this particular landlord is charging $3,250 monthly rent (which reportedly covers utilities and Wi-Fi), then tacking on the $200 […]
Delta Air Lines and DraftKings teamed to offer passengers a sports-related in-flight entertainment option. SkyPicks, announced last year and available beginning Wednesday (July 29), is offered through the Delta Sync WiFi system and lets fans use their sports expertise to win Delta gift cards, with no wagering, deposits, money or miles involved, according to a […]
Oil prices have surged back above $90/barrel after Iran launched a surprise attack on U.S. forces in the Middle East on Wednesday morning. Further increases were expected as President Trump vowed to retaliate against Iran for the ballistic missile attack on a U.S. military base in Jordan. “We’ll be hitting them hard. They’re going to […]
Jammu and Kashmir Bank reported a 12.6% drop in first quarter net profit at Rs 424 crore against Rs 485 crore in the year-ago period, on account of higher provisions, prompting a near 13% plunge in share price. The fall in net profit was despite a Rs 56 crore gain due to change in accounting […]
A highly anticipated office development snagged a fresh round of debt, totaling in the billions. BXP scored a $1.2 billion construction loan for its development at 343 Madison Avenue next to Grand Central Terminal, the company disclosed in its second-quarter earnings report. The loan carries a 2.5 percent secured overnight financing rate, which will drop […]
MassDevelopment on Wednesday announced an economic development pilot program in North Adams that will leverage arts and culture as drivers of growth while strengthening downtown revitalization efforts, supporting small businesses and creative entrepreneurs, and positioning the Northern Berkshires for future public and private investment. Funded by a $2.5-million Barr Foundation grant, the “Creative District” pilot program will run for three […]