Fed signals it will likely hold rates near zero for months

Federal Reserve Chair Jerome Powell

The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity of the downturn caused by the coronavirus outbreak and made clear that More...

by Desk of Editor | Published 3 months ago
Qasem Soleimani
By Graham Moore On Saturday, January 4th, 2020
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Qasem Soleimani: Strike Was To ‘Stop War’, Says Trump

President Donald Trump said the US killed Iran’s top military commander Qasem Soleimani “to stop a war, not to start one”. He said Soleimani’s “reign of terror is over” following More...

Trump Impeachment
By Tony Williams On Wednesday, December 18th, 2019
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Trump Impeachment: President Pens Irate Letter To Pelosi On Eve Of Vote

President Donald Trump has lashed out over his impending impeachment in an irate letter to top Democrat Nancy Pelosi, accusing her of declaring “open war on American democracy”. “You have cheapened More...

Xiaomi Smartphone 108 megapixel
By Graham Moore On Wednesday, November 6th, 2019
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Xiaomi Smartphone Has 108 Megapixel Camera

Chinese tech giant Xiaomi has unveiled the world’s first mainstream handset to feature a 108 megapixel camera. The extra high-resolution sensor was developed by Samsung, which has yet to feature it in its More...

Chicago Shooting
By Graham Moore On Saturday, November 2nd, 2019
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Juvenile Charged With Shooting Chicago Trick-Or-Treater, 7

A 15-year-old boy was charged Friday night with attempted murder in the suspected gang-related shooting of two people on Chicago’s West Side, including a 7-year-old girl out trick-or-treating in a bumblebee costume More...

Jessica Meir and Christina Koch
By Tony Williams On Saturday, October 19th, 2019
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Nasa Astronauts Christina Koch And Jessica Meir In All-Women Spacewalk

Nasa astronauts Christina Koch and Jessica Meir have made history by completing the first ever all-female spacewalk. They spent seven hours outside the International Space Station (ISS) replacing a failed power More...

Saudi Oil Attacks
By Graham Moore On Wednesday, September 18th, 2019
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Saudi Oil Attacks: Drones And Missiles Launched From Iran – US

The US has reportedly identified locations in Iran from which drones and cruise missiles were launched against major Saudi oil facilities on Saturday. Senior US officials told media outlets that the locations were More...

Abqaiq oil
By Tony Williams On Tuesday, September 17th, 2019
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Trump Says Iran Appears Responsible For Saudi Attack But That He Wants To Avoid War

President Trump said Monday that Iran appeared to have been responsible for the weekend attack on Saudi Arabian oil facilities. But he also said he would “like to avoid” a military conflict with Tehran, emphasized More...

Novak Djokovic
By Tony Williams On Monday, September 2nd, 2019
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US Open: Defending Champion Novak Djokovic Pulls Out

Defending champion Novak Djokovic is out of the US Open after quitting through injury against Swiss 23rd seed Stan Wawrinka as defeat loomed in an electrifying fourth-round match. Djokovic, 32, retired with a shoulder More...

Billionaire David Koch
By Graham Moore On Saturday, August 24th, 2019
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David Koch: Billionaire Republican Donor Dies Aged 79

Billionaire David Koch, a major donor to the Republican party, has died aged 79. He had been suffering from cancer. The former majority owner of Koch Industries was ranked by Forbes, jointly with brother Charles, More...