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Key Takeaways Table of Contents On Wednesday, the Federal Reserve implemented a 0.25% interest rate increase, marking the first such move since 2023 Spot gold gained 1.2% to reach $4,314.57 following an initial decline, whereas gold futures dropped 0.8% The Federal Reserve’s projected median rate for the conclusion of 2026 increased from 3.8% to 4.1%…

manusapon kasosod · Getty Images It’s little secret that artificial intelligence (AI) models — and the massive data centers required to power them — are proliferating at a wild pace. Beyond the wide-ranging ethical and employment debates taking place, the market itself remains hot yet turbulent. AI boosters gesture towards a future where productivity soars…

Nati Harnik/AP/REX · iStock.com It may seem counterintuitive that a billionaire would claim Social Security benefits. However, anyone who has worked and paid payroll taxes for 30-plus years is entitled to them, regardless of net worth. Social Security was designed to keep retirees out of poverty, which is obviously a concern most billionaires don’t share.…

US stocks rose in premarket trading on Thursday as oil prices edged lower and an expected Fed rate hike on Wednesday offered some relief that the central bank was working to contain inflation. Futures on the Dow Jones Industrial Average (YM=F) rose 0.7%, while those on the S&P 500 (ES=F) gained 0.7%. Contracts for the…

For the first time in more than three years, the Federal Reserve raised interest rates by a quarter of a percentage point.  This comes as policymakers try to control inflation, but it could mean higher borrowing costs. Whether you’re carrying a balance on a credit card, thinking about buying a car or home, or trying…

TLDR The Fed raised interest rates by 0.25% to a target range of 3.75%-4%, its first hike in three years Fed Chair Kevin Warsh warned inflation is still “too high” and conditions are not restrictive enough The Dow fell 631 points, while the S&P 500 dropped 0.45% and the Nasdaq was nearly flat Bank of…

As Maine industries face an uncertain future amid the Trump administration’s trade war with Canada, state officials aim to coordinate with their Canadian counterparts to de-escalate the situation.  Members of the Maine-Canadian Legislative Advisory Commission met Wednesday to discuss the latest developments in the trade war, and what they can do to support Maine businesses. …

Across the U.S., certain Social Security beneficiaries are due to receive their latest monthly money next week, as the Social Security Administration (SSA) concludes its three-Wednesdays payment cycle for September 2026. Who receives Social Security on Wednesday, September 23? Of the 71.3 million beneficiaries of the Social Security program, many are paid on the second,…

President Donald Trump has called for Federal Reserve policymakers to slash interest rates, once again arguing that elevated borrowing costs are holding his economy back from a boom. On Wednesday, the 12-member Federal Open Market Committee (FOMC) unanimously voted to raise interest rates amid “elevated” inflation and uncertainty, with the central bank’s new Chair Kevin…

It’s been a tumultuous couple of weeks for the stock market. AI doomsday fears sent tech stocks tumbling amid renewed concerns around a bubble. Oil prices continue to drive up inflation. And, most recently, the 10-Year Treasury yield reached its highest level since 2007, triggering new recession worries. The S&P 500 (^GSPC -0.45%), Dow Jones…