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Federal Reserve cuts key rate but signals higher bar for future reductions
WASHINGTON (AP) — The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs.In a statement released after a two-day meeting, the Fed’s rate-setting committee signaled that it may keep its rate unchanged in the coming months. And in a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year.
Wednesday's cut... Read More
MacKenzie Scott has given $26B to nonprofits since 2019. Here's what she supported in 2025
The billionaire and author MacKenzie Scott revealed $7.1 billion in donations to nonprofits Tuesday, bringing her overall giving since 2019 to $26.3 billion.Scott first pledged to give away the majority of her wealth in 2019 after her divorce from Amazon founder Jeff Bezos. Since, she's distributed large, unrestricted gifts to nonprofits without asking for applications or progress reports. Largely, her giving has focused in the U.S., though not exclusively.
Scott doesn't have a public foundation and so it's not easy to independently track her giving. But she's revealed... Read More
Pressure on Real Madrid coach Xabi Alonso against Man City in the Champions League, Ajax wins
MANCHESTER, England (AP) — The pressure was mounting on Real Madrid coach Xabi Alonso as the Spanish giant faced Manchester City in the Champions League on Wednesday.Madrid has won just two of its last seven in all competitions including a 2-0 loss to Celta Vigo over the weekend.
Ahead of the home match against City, Alonso had to contend with reports in the Spanish media that he had lost control of the locker room.
“This is a team, and we all stand together,” he said. "In soccer, you can change perspective quickly, and we’re at that point.”
The Latest: Judge orders Trump to end California National Guard deployment in Los Angeles
The Trump administration must stop deploying the California National Guard in Los Angeles and return control of the troops to the state, a federal judge ruled Wednesday.U.S. District Judge Charles Breyer in San Francisco granted a preliminary injunction sought by California officials who opposed President Donald Trump’s extraordinary move to use state Guard troops without the governor’s approval to further his immigration enforcement efforts. But he also put the decision on hold until Monday.
California argued that the president was using Guard members as his... Read More
Joe Buck gets Hall of Fame's Frick Award, joins Jack to become first father-son duo to earn honor
Even though Joe Buck is more widely known these days as the voice of ESPN's “Monday Night Football,” his broadcast career is rooted in baseball, including calling the most World Series games on television.On Wednesday, Buck received a call that he thought was at least a few years down the line when he found out he received the Ford C. Frick Award for excellence in broadcasting by baseball's Hall of Fame.
Buck is not only the 50th winner of the Frick Award, he joins his father, Jack, to become the only father-son duo to win the honor. Jack Buck — who broadcast St... Read More
Top Stories
- Federal Reserve cuts key rate but signals higher bar for future reductions
- Wall Street rises closer to its all-time high after the Fed cuts rates, as expected
- Pacific Northwest braces for more flooding and evacuations as another heavy storm hits
- Foreigners allowed to travel to the US without a visa could soon face new social media screening
- Orioles agree to $155 million, 5-year deal with slugger Pete Alonso, AP source says
- Elon Musk says DOGE was only 'somewhat successful' and he wouldn't do it again
- Judge orders Trump to end California National Guard troop deployment in Los Angeles
- Justice Department can unseal records from Epstein's 2019 sex trafficking case, judge says
- WTF? Embracing profanity is one thing both political parties seem to agree on
- Sophie Kinsella, author of the millions-selling âShopaholicâ novels, dies at 55
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Entertainment
- New York Times, after Trump post, says it won't be deterred from writing about his health
- CBS appoints Tony Dokoupil as anchor of its flagship 'CBS Evening News' broadcast
- Sundance 2026 lineup unveiled: Charli XCX, Olivia Wilde, Brittney Griner and more
- USA Today editor in chief out after a year in job
Sports
- Pressure on Real Madrid coach Xabi Alonso against Man City in the Champions League, Ajax wins
- New contracts and newborns go together for Phillies' Kyle Schwarber
- A'ja Wilson wins AP Female Athlete of the Year following historic 4th WNBA MVP
- Orioles agree to $155 million, 5-year deal with slugger Pete Alonso, AP source says