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Wall Street set to open with gains ahead of Federal Reserve interest rate call; gold and silver soar
U.S. markets were mostly churning higher again in off-hours trading early Wednesday, while prices for gold and silver soared ahead of an interest rate decision by the U.S. Federal Reserve.Futures for the S&P 500 gained 0.3% before the opening bell after hitting an all-time high a day earlier. Futures for the Dow Jones Industrial Average were nearly unchanged while Nasdaq futures climbed 0.8%.
Later Wednesday, the U.S. central bank is due to announce its latest move on interest rates. The expectation is that it will hold its main interest rate steady for now.
Bill Belichick snubbed by Pro Football Hall of Fame in first year of eligibility, report says
Six-time Super Bowl champion head coach Bill Belichick didn't get voted into the Pro Football Hall of Fame in his first year of eligibility, according to a report from ESPN.Citing four unidentified sources, ESPN reported Tuesday that Belichick didn't receive the necessary 40 votes from the 50-person panel of media members and other Hall of Famers. ESPN said Belichick received a call from the Hall of Fame last Friday with the news.
The Hall of Fame declined to comment before its class of 2026 is announced at NFL Honors in San Francisco on Feb. 5.
The report... Read More
Putin is hosting Syria's interim leader for talks, with Russian military bases on the agenda
MOSCOW (AP) — Syria’s interim leader arrived in Moscow on Wednesday for his second visit in less than four months for talks expected to focus on the future of Russian military bases in the country.Interim President Ahmad al-Sharaa first visited Russia in October. He led a swift rebel offensive in December 2024 that ousted former Syrian President Bashar Assad, who enjoyed Moscow’s support for years as his government fought a devastating civil war.
Russia, which in recent years has been focused on the fighting in Ukraine and kept only a small military contingent in... Read More
Amazon cuts about 16,000 corporate jobs in the latest round of layoffs
Amazon is slashing about 16,000 corporate jobs in the second round of mass layoffs for the ecommerce company in three months.The tech giant has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that swelled during the pandemic.
Beth Galetti, a senior vice president at Amazon, said in a blog post Wednesday that the company has been “reducing layers, increasing ownership, and removing bureaucracy.”
The company did not say what business units would be impacted, or where the job cuts... Read More
Here are 5 great, small and used SUVs you can get for under $20,000
With the average cost of a new vehicle hovering around $50,000, buying a new SUV might seem well out of reach if you’re on a tight budget. But automakers have increasingly been selling entry-level SUVs that are smaller and less expensive than all-star SUVs like the Honda CR-V and Toyota RAV4. And if you buy used, it’s easy to get one of these small but versatile SUVs for less than $20,000.Edmunds’ experts have compiled five of their favorite used extra-small SUVs that deliver big on affordability, fuel economy and everyday practicality.
Chevrolet Trailblazer
Top Stories
- Amazon cuts about 16,000 corporate jobs in the latest round of layoffs
- Sarah Mullally confirmed as archbishop of Canterbury, first woman to lead the Church of England
- Federal Reserve may keep rates unchanged for months as economy shows signs of health
- 3 months after rapidly scheduled arguments, the Supreme Court has yet to decide on Trump's tariffs
- A month after Iran protests began, worry pervades Mideast over possible US strike
- Senior state official among 5 dead after private plane crash in western India
- More 'No Kings' protests planned for March 28 as outrage spreads over Minneapolis deaths
- Israel marks the return of the final hostage's remains after more than 2 years of war and grief
- South Korea's former first lady sentenced to 20 months in prison for corruption
- Man arrested after spraying unknown substance on Rep. Ilhan Omar at Minneapolis town hall
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Entertainment
- Traoré joins West Ham and says movie taught him about passion of the club's fans
- A historic house in Serbia's capital hangs on with intimate theatrical productions
- Chanel couture gets a breath of fresh air and stars. Armani revamps
- CBS News chief Bari Weiss tells staff 'we're toast' if they continue on current path
Sports
- 'I was lucky' says Djokovic after setting up Australian Open semifinal against Sinner
- Pegula beats fellow American Anisimova to finally reach Australian Open semis
- Bill Belichick's snub from the Pro Football Hall of Fame is harshly criticized by voters, NFL fans
- No. 5 Nebraska's run of 24 wins in a row is over after narrow loss to No. 3 Michigan