Tag Archives: Federal

Eric Risberg/AP Sundar Pichai, CEO of Google and Alphabet, takes part in a discussion at the Asia-Pacific Economic Cooperation (APEC) CEO Summit Nov. 16, 2023, in San Francisco. Washington CNN  —  … Source link

The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t begin lowering interest rates until it sees further progress on inflation returning to its 2% target. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” the Fed said in its policy statement. Fed chair Jerome Powell at his Wednesday… Source link

Federal officials on Saturday ordered the immediate grounding of Boeing 737 Max 9 jetliners until they are inspected after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage. The required inspections take around four to eight hours per aircraft and affect about 171 airplanes worldwide. As of Saturday morning, inspections on more than a quarter of the fleet were complete “with no concerning findings,” the company said. “Aircraft will return to… Source link

CNN  —  Google’s refusal to bargain with unionized YouTube Music workers is illegal, a Wednesday ruling from the US National Labor Relations Board (NLRB) found. After a group of Texas-based contract workers for YouTube Music unanimously voted last April to join the Alphabet Workers Union (AWU), Google refused to bargain over… Source link

[unable to retrieve full-text content]Federal judge vows to investigate Google for intentionally destroying chats  The Verge Source link

[unable to retrieve full-text content]Federal government denies teenage surfing prodigy’s bid for Canadian citizenship  Yahoo Canada Sports Source link

[unable to retrieve full-text content]Federal Reserve’s message to the bullish stock market: We will break you  Yahoo Finance Source link

The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. In its statement on Wednesday, the central bank acknowledged the slowdown in inflation as the Fed continues to assess the impact its interest rate hikes have had on consumer prices over the last year. The 25 basis point rate hike marks a further slowdown in the Fed’s pace of rate increases after the… Source link

The income thresholds for the seven federal tax brackets increased by a bigger-than-normal amount for the 2023 tax year to reflect runaway inflation seen last year. “They are just the usual changes due to inflation,” Jon Whiten, from the Institute on Taxation and Economic Policy told Yahoo Finance. “More dramatic this year since inflation was also dramatic.” The inflation-adjusted amounts jumped by more than 7% from 2022, according to the Tax Policy Center, compared with last year’s 3%… Source link

WASHINGTON, Jan 11 (Reuters) – Google parent Alphabet (GOOGL.O) filed on Wednesday a redacted version of its motion to dismiss a U.S. government lawsuit against it, which argued that the company broke antitrust law to maintain its monopoly in search and search advertising. The filings on Wednesday show that the company is mounting a vigorous defense against the antitrust cases, which, if successful, could force the tech giant to spin off assets. In December, Google asked Judge Amit Mehta of… Source link