Fed rate decision January 2026: Holds key rate steady
The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader. Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in Continue Reading
Carvana shares fall 14% following short-seller accusations
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday Continue Reading
Home Depot lays off 800 workers, announces 5 day return to office
A Home Depot logo is displayed at one of their stores on November 8, 2025 in San Diego, CA. Kevin Carter | Getty Images News | Getty Images Home Depot on Wednesday said it will lay off 800 workers and announced corporate employees will have to return to the office Continue Reading
What changed in new statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black Continue Reading
Southwest Airlines (LUV) 4Q 2025 earnings
A Southwest Airlines aircraft parks at Gate B33 while its tail sticks into the sunlight at Boston Logan International Airport in Boston, MA, on December 22, 2025. Austin DeSisto | Nurphoto | Getty Images Southwest Airlines on Wednesday forecast a surge in 2026 profits well above analysts’ expectations as the Continue Reading
Powell says Cook Supreme Court case is the most important in the Fed’s 113-year history
US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025. Saul Loeb | AFP | Getty Images Federal Reserve Chair Jerome Powell on Wednesday offered his first explanation into his controversial decision to Continue Reading
What it means for credit card and mortgage rates
Construction on the Marriner S. Eccles Federal Reserve Board Building in Washington, Jan. 12, 2026. Pete Kiehart | Bloomberg | Getty Images The Federal Reserve kept its benchmark interest rate unchanged Wednesday at the conclusion of its first policy decision of the year. In the face of escalating political pressure Continue Reading
Trump is not worried by a weak dollar. Why the president and investors should be
Key Points The president has a long history of indifference to a falling greenback as it makes American goods cheaper to sell abroad, which could especially benefit U.S. multinationals. However, it also signifies diminished confidence in the U.S. as foreign investors grow wary over the country’s fiscal outlook. A weaker Continue Reading
Can Venezuela produce 3 million barrels of crude oil a day?
View of the refinery El Palito in Puerto Cabello, Carabobo state, Venezuela, Jan. 22, 2026. Ronaldo Schemidt | Afp | Getty Images There is a long road ahead to restoring Venezuela’s crude oil production to its former levels. Following the capture of Venezuela President Nicolás Maduro and his indictment in Continue Reading