Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week.Marketsread more
At Rockets of Awesome, Scott Turner will be a senior vice president responsible for digital and marketing. He'll report to founder Rachel Blumenthal, wife to Warby Parker...Retailread more
"Even a 50-basis point reduction would still keep the Fed funds rate well above zero," Shelton told The Washington Post in an email.The Fedread more
The stocks of several utilities opened lower, after weekend power outages during a major heat wave and from severe storms.Market Insiderread more
Also in Epstein's address book is supermarket mogul Ron Burkle, Chelsea Clinton, former Secretaries of State Henry Kissinger and John Kerry, and media titan Rupert Murdoch,...Politicsread more
Free stock-trading start-up Robinhood is now valued at $7.6 billion after closing its most recent late-stage funding round.Financeread more
The threat of a global trade war, which has caught the attention of investors in a big way, is also a concern for the Federal Reserve.
In his first news conference as central bank chairman, Jerome Powell said the battle over tariffs has not caused Fed officials to change their economic outlook yet, but future expectations will depend on how the situation unfolds.
"A number of participants in the [Federal Open Market Committee] did bring up the issue of tariffs," Powell said. "If I could summarize what came out of it was, first, there's no thought that changes in trade policy should have any effect on the current outlook."
However, "a number of participants reported that about their conversations with business leaders around the country and reported that trade policy has come a concern going forward for that growth."
Those concerns come as President Donald Trump has slapped a 25 percent tariff on imported steel and 10 percent on aluminum.
A number of recent investor surveys, including one from CNBC, indicate that an acceleration in trade tensions presents the biggest threat to future growth.
At this week's FOMC meeting, members marked up their expectations for GDP growth, moving 2018 up to a 2.7 percent forecast from a 2.5 percent outlook in December, with 2019 rising from 2.1 percent to 2.4 percent.
That could change should other countries retaliate against the U.S. levies.
"Our FOMC participants reported that they heard concerns, which were relatively new, about future trade actions," Powell said. "They're seeing it as a risk to the outlook. The kind of things people are talking about are more widespread retaliations, more widespread action back and forth."
The committee approved a quarter-point hike at the meeting, putting the benchmark funds rate at a range of 1.5 percent to 1.75 percent. In approving the increase, members noted that the economic outlook has "strengthened" recently.