Warren Buffett, 96, steps down as chairman of Berkshire Hathaway
“Father Time always wins,” the legendary investor said. Buffet will become chairman emeritus while his son Howard takes over as chair.
Economics — top stories
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Microsoft exec called AI the ‘largest theft of labor’ in history, court records show
The quote headlined an unsealed document in the New York Times’s copyright case against Microsoft and OpenAI.
Senator blocks bill meant to lower electricity prices linked to data centers
Sen. Martin Heinrich (D-New Mexico) halted passage of a proposal that had passed the House by an overwhelming margin.
A bad year for the crypto industry just got a lot worse
The cryptocurrency industry just suffered a major defeat in a bill they had badly wanted to get through the Senate. It's the latest setback in a terrible year for the sector.
With more Amazon workers on SNAP benefits, company offers Whole Foods discounts
The company said the discounts are a response to employee feedback, not a reaction to a recent government report.
The labor market is more stable than a year ago, new data shows
Federal Reserve Chair Kevin Warsh highlighted the improved numbers in a speech about the board's decision Wednesday to raise interest rates.
The Fed Raised Rates. What Comes Next?
Kevin M. Warsh, the chairman of the Federal Reserve, on Wednesday left open-ended how much more interest rates may have to rise to tame inflation.
Global Economy Is Running Out of Wiggle Room
Many countries blunted the most painful effects of the energy shock from the war in Iran. But prices remain elevated and risks are multiplying.
Trump says he told Fed chief to ‘do what you want’ ahead of interest rate hike
The president also suggested that he doesn’t expect Kevin Warsh to follow his directions, saying he wanted the Fed “to be independent.”
Retail sales rebound strongly in August, even as people are wary over economy
After a dismal July, spending the following month jumped back up.
Fed raises interest rates by quarter point to tackle inflation
The Federal Reserve raised interest rates by a quarter percentage point on Wednesday to try to tame inflation, raising the borrowing cost on a variety of business and consumer loans.
Takeaways From the Fed’s Decision to Raise Interest Rates
Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’
How the Fed’s Interest Rate Increase Affects Your Finances
The Federal Reserve increased its key rate by a quarter of a percentage point, but mortgages and other consumer loans have already trended higher.
Here’s what a Fed rate hike means for your mortgage, car loan and credit cards
The Federal Reserve raised rates for the first time in more than three years. Here’s what that means for you.
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with
Federal Reserve issues FOMC statement
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to raise the target range for the
How Jared Kushner is mixing U.S. diplomacy with his billion-dollar business
The New Yorker's Dexter Filkins says while Trump's son-in-law is a U.S. special envoy negotiating peace, he's also working on private business deals, raising billions in some of the same countries.
How are rising prices affecting you? NPR wants to know
Inflation, gasoline prices and the cost of living are top of mind in the election season. How are higher costs shaping the way you live? NPR wants to hear. (Image credit: Joe Raedle)
Fed Readies for Momentous Rate Decision
The central bank is widely expected to raise interest rates on Wednesday, less than two months before the midterm elections.
Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging
Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.
Why it may become harder to get coverage for GLP-1 weight-loss drugs
For those who rely on the medications, the difference between health plans that cover them and those that don't can mean hundreds of dollars a month.
The 3 steps to joining the 401(k) millionaire club
While 401(k) millionaires hit record highs, telling working families that small luxuries like a daily latte are keeping them from retiring comfortably misses the mark. Housing costs and student debt are the real icebergs sinking retirement savings.
Why Steve Bannon sided with Sanders, not Trump, on AI
Where does Steve Bannon fit in the debate over regulating or slowing AI? He tells Morning Edition where he breaks with Trump and what he thinks Washington should do. (Image credit: Finn Gomez)