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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

NEW YORK (AP) 鈥 U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The S&P 500 fell 2.
US retreats from massive air bag recall and says industry comments show need for more investigation

US retreats from massive air bag recall and says industry comments show need for more investigation

DETROIT (AP) 鈥 U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
Survivors' Secretariat warns it's at risk of bankruptcy without funding decision

Survivors' Secretariat warns it's at risk of bankruptcy without funding decision

OTTAWA 鈥 An organization that works to document what happened at a notorious residential school says it's at risk of going bankrupt by the end of the month unless Canada makes a decision on whether it will fund the group's work.
Jay-Z's lawyers challenge rapper's inclusion in rape lawsuit after accuser's TV interview

Jay-Z's lawyers challenge rapper's inclusion in rape lawsuit after accuser's TV interview

NEW YORK (AP) 鈥 Jay-Z鈥檚 lawyers asked a judge Wednesday to speedily extract the rapper from a lawsuit in which a woman alleges she was sexually assaulted by Jay-Z and Sean 鈥楧iddy鈥 Combs when she was 13.
Timoth茅e Chalamet and Saoirse Ronan chat fame and friendship

Timoth茅e Chalamet and Saoirse Ronan chat fame and friendship

LONDON (AP) 鈥 Timoth茅e Chalamet and Saoirse Ronan may be juggling multiple releases and busy schedules, but the bright young stars managed to reunite on Wednesday in London for a conversation at the British Film Institute.
Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

WASHINGTON (AP) 鈥 The Federal Reserve cut its key interest rate Wednesday by a quarter-point 鈥 its third cut this year 鈥 but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-el
Bird flu: Louisiana patient is first severe case and California declares emergency

Bird flu: Louisiana patient is first severe case and California declares emergency

Health officials on Wednesday confirmed the first known severe illness in the U.S. caused by bird flu, and California's governor declared a state of emergency as the virus rampages through dairy cattle in that state.
Jay-Z's lawyers challenge rapper's inclusion in rape lawsuit after accuser's TV interview

Jay-Z's lawyers challenge rapper's inclusion in rape lawsuit after accuser's TV interview

NEW YORK (AP) 鈥 Jay-Z鈥檚 lawyers asked a judge Wednesday to speedily extract the rapper from a lawsuit in which a woman alleges she was sexually assaulted by Jay-Z and Sean 鈥楧iddy鈥 Combs when she was 13.
What is a trade deficit 鈥 and does it matter to the economy?

What is a trade deficit 鈥 and does it matter to the economy?

The U.S. president-elect wrote that 鈥渨e subsidize Canada to the tune of $100,000,000 a year" 鈥 an apparent reference to a previous claim about a $100-billion trade gap 鈥 and said the imbalance 鈥渕akes no sense.鈥
TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

TORONTO 鈥 Markets on both sides of the border fell sharply Wednesday afternoon after the U.S.
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