The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect

Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew Harnik...

DoubleLine’s Gundlach says the Fed needs to cut rates quickly, sees a half-point reduction Wednesday

DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that the Federal Reserve needs to ease policy swiftly amid the current economic slowdown, seeing a half-point interest-rate reduction this week. “The Fed just follows the two-year Treasury and the...

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesApple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s...

Lawmakers are ‘demeaning their role’ by trying to influence the Fed, House finance chair says

U.S. Rep. Patrick McHenry, R-N.C., speaks to members of the media outside the office of U.S. House Speaker Kevin McCarthy, R-Calif., at the U.S. Capitol in Washington on Oct. 3, 2023.Mandel Ngan | AFP | Getty ImagesRep. Patrick McHenry, R-N.C., sharply criticized...

Planning to delay retirement may not rescue you from poor savings

Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they’ve saved too little to support themselves in old age.About 27% of workers intend to work in retirement because they need to supplement their...