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Economy

Fed Chair Powell won’t be fired but should cut interest rates

by Peter Abrahams
Fed Chair Powell won’t be fired but should cut interest rates

U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday said he has “no intention” …

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Contra Costa School of Performing Arts in Walnut Creek set to close

by Sven Aggesen
Contra Costa School of Performing Arts in Walnut Creek set to close

WALNUT CREEK — The Contra Costa School of Performing Arts will take its last curtain call in June, after administrators said rising facility costs and declining enrollment proved financially unsustainable …

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United Airlines (UAL) Q1 2025 earnings

by Leila Aboulela
United Airlines (UAL) Q1 2025 earnings

A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. …

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Ottawa blocks rebate payments to Tesla, bars it from future subsidies – National

by Peter Abrahams
Ottawa blocks rebate payments to Tesla, bars it from future subsidies – National

The federal government is pausing payments that are to be made to EV-manufacturing giant Tesla under Ottawa’s subsidy program and has barred the company from future rebates in other programs …

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UK economy contracts in July as mild recession looms

by Betti Alver
UK economy contracts in July as mild recession looms

Men and women socialize at the end of the day outside The Castle Pub in London, United Kingdom. Robert Nickelsberg | Getty Images News | Getty Images LONDON — U.K. …

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Volkswagen, Stellantis subsidies will take 20 years to break even: watchdog

by Peter Abrahams
Volkswagen, Stellantis subsidies will take 20 years to break even: watchdog

The parliamentary budget officer says it will take the federal and Ontario governments until 2043 to break even on their electric vehicle battery deals with two industrial giants. The governments …

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Travelers must pay to visit during the day

by Betti Alver
Travelers must pay to visit during the day

Many travelers are accustomed to nightly tourism taxes tacked on to their hotel bills. But daytime taxes are a new ask. Venice’s city council on Tuesday approved a long-awaited regulation …

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Housing high-rise might replace a well-known store near UC Berkeley

by Elizabeth Alexander
Housing high-rise might replace a well-known store near UC Berkeley

BERKELEY — A housing high-rise with more than 100 residences might be developed on a prime Berkeley site as part of a project that could replace a well-known store near …

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From trade to separatists, Trudeau feels heat of strained India relations

by Peter Abrahams
From trade to separatists, Trudeau feels heat of strained India relations

Saskatchewan Premier Scott Moe’s government is accusing Prime Minister Justin Trudeau of damaging relations with India and keeping the provinces in the dark about trade talks. In a letter Moe released Monday, …

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Credit crunch worries at 10-year plus high, New York Fed survey says

by Betti Alver
Credit crunch worries at 10-year plus high, New York Fed survey says

Choochart Choochaikupt | Istock | Getty Images American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to a New York …

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