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Federal Reserve likely to cut rates, may signal just one more reduction next year

AP News WASHINGTON (AP) — The Federal Reserve will almost certainly reduce its key interest rate Wednesday, but the bigger question for financial markets and the economy is what signals Chair Jerome Powell may send regarding the central bank's next steps.

It would be the third cut in a row and bring the Fed's key rate to about 3.6%, the lowest in nearly three years. For Americans struggling with high borrowing costs for homes, cars, and other large purchases, this year's rate cuts could reduce those costs over time — though it's not guaranteed. Mortgage rates in particular are also...
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A'ja Wilson wins AP Female Athlete of the Year following historic 4th WNBA MVP

AP News A'ja Wilson stood atop the WNBA again in 2025, winning an unprecedented fourth MVP as her Las Vegas Aces earned a third championship in four seasons.

For that, she earned The Associated Press Female Athlete of the Year on Wednesday for the first time in her career. It's the second consecutive year a basketball player won the award after Caitlin Clark was honored in 2024.

“It’s an honor when you think about the group of women who have won before,” Wilson said in a phone interview. “Just to have my name be a part of it, I’m blessed.”

Wilson is only...
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US playwright Jeremy O. Harris released 3 weeks after arrest in Japan for alleged drug smuggling

AP News TOKYO (AP) — The American playwright and actor Jeremy O. Harris has been released from detention in Japan three weeks after he was taken into custody on suspicion of smuggling the psychedelic drug ecstasy.

The 36-year-old Harris, known for his Tony-nominated “ Slave Play,” was freed from police custody Monday, the Tomishiro police department told The Associated Press on Wednesday. It declined to say if Harris, who also starred in “Emily in Paris,” was released on bail or if he had left the country.

Officers at Naha Airport on Japan’s southern island of 16...
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December is a great time to buy a new car and this is why

AP News If you’re in the market for a new vehicle, the remaining weeks of December could very well be a great time to buy. Several recurring industry trends converge at year-end, creating favorable conditions that can help you save money. The auto experts at Edmunds have come up with three key reasons why December often delivers the opportunity for better deals — and what to know to ensure you get the best one.

Year-end sales quotas and dealership incentives

Manufacturers and dealers operate under annual targets, and December is when they make their most concerted effort to...
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Don’t Settle for a Subpar Health Savings Account

AP News Paired with high-deductible healthcare plans, health savings accounts help ease healthcare costs. HSAs are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions, tax-free compounding, and tax-free withdrawals for qualified medical expenses. However, few owners fund their HSAs to the maximum, and even fewer invest their HSA dollars outside a savings account.

Most consumers likely don’t fill their HSAs because they lack the financial means; critics note that the HDHP/HSA combination can be less beneficial for lower-income workers. But even wealthy...
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Top Stories

  • Ukraine can hold elections within months if security is ensured, Zelenskyy says
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  • Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues
  • Renewed Thailand-Cambodia border fighting displaces hundreds of thousands
  • Venezuelan opposition leader María Corina Machado will miss Nobel Peace Prize ceremony
  • Social media ban for children under 16 starts in Australia
  • Georgia Democrat Eric Gisler claims upset state House win in historically Republican district
  • Hegseth tells congressional leaders he is weighing release of boat strike video
  • Trump's speech on combating inflation turns to grievances about immigrants from 'filthy' countries
  • Democrat wins Miami mayor’s race for the first time in nearly 30 years

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Entertainment

  • US playwright Jeremy O. Harris released 3 weeks after arrest in Japan for alleged drug smuggling
  • Nnena Kalu is first artist with a learning disability to win the prestigious Turner Prize
  • Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues
  • Son arrested after Grammy-nominated singer Jubilant Sykes is stabbed to death at California home

Sports

  • A'ja Wilson wins AP Female Athlete of the Year following historic 4th WNBA MVP
  • Egypt and Iran complain about planned World Cup 'Pride' match in Seattle
  • Wright hits winning 3 at buzzer and Dybantsa scores 28 as No. 10 BYU rallies past Clemson 67-64
  • Brunson scores 35 points as Knicks rout Raptors 117-101 to reach NBA Cup semifinals for first time
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