Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
Stocks fell on Friday as Wall Street parsed through a highly anticipated speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
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Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
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The Mega Millions jackpot reached $1 billion on Friday, marking the second-largest prize in U.S. lottery history.
The $1 billion prize refers to the annuity option. Most winners opt for cash, which for Friday night's drawing would be $565 million. A Mega Millions prize of any amount can be claimed up to one year from the date of the drawing.
Although the jackpot keeps increasing, the odds of winning remain at one in 302.5 million. Tickets for Friday's drawing can be purchased until 10:45 p.m. ET, 15 minutes before the live televised drawing. Tickets cost $2 each.
The prize has grown so large because no one has hit the jackpot since July 24, when a group in California won $543 million.
In 2016, Powerball had a $1.586 billion prize. The previous record jackpot in Mega Millions was a $656 million prize that was shared by winners from Kansas, Illinois and Maryland in March 2012.
If no one picks all six numbers in Friday night's drawing, the prize for Tuesday night's drawing would be $1.6 billion, tying the largest U.S. lottery prize.
The next Powerball drawing is at 10:59 p.m. ET Saturday.
--The Associated Press contributed to this report