Business

The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to monitor inflation and the labor market amid elevated levels of economic uncertainty.The central bank's decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%.It comes after the Fed left rates at that level at its two previous meetings in January and March, which followed three consecutive rate […]

Disney plans to add a new theme park to its portfolio, with the entertainment giant revealing Wednesday that it intends to open one in the United Arab Emirates (UAE) in the coming years.Disney’s new theme park will be constructed on Yas Island in Abu Dhabi, the capital city of the UAE, according to the company. The theme park in Abu Dhabi "will offer signature Disney entertainment, accommodations, unique dining and retail […]

Some air traffic controllers are on a 45-day "trauma leave" as Newark Liberty International Airport experiences ongoing staffing shortages amid the fallout from communication outages.Under the Federal Employees' Compensation Act (FECA), air traffic controllers are entitled to a 45-day Continuation of Pay (COP), or "trauma leave," for mental health conditions, like stress, anxiety or post-traumatic stress disorder (PTSD), from an identifiable work-related incident. "Frequent equipment and telecommunications outages can be stressful […]

Invenergy said Wednesday it had awarded a combined $1.7 billion to a pair of companies as part of its project to construct its Grain Belt Express electric transmission line. The contractor awards went to infrastructure company Quanta Services and construction company Kiewit Energy Group, according to Invenergy. CEO Michael Polsky told "Mornings with Maria" host Maria Bartiromo that the Grain Belt Express will be a "highway system for the electrons for electricity […]

United Airlines is offering to waive certain fees for customers who endured massive delays and cancellations at Newark Liberty International Airport.The airline announced Tuesday that customers affected by the disruptions are eligible to reschedule with no additional fees. "You can reschedule your trip and we’ll waive change fees and fare differences," United's website notes. "But, your new flight must be a United flight departing between April 30, 2025 and May 12, 2025. […]

Amazon-owned robotaxi maker Zoox initiated a recall to update software in 270 driverless vehicles after a crash in Las Vegas. Zoox announced the software recall Monday, saying the update addresses the "root cause" of the recent collision and has already been deployed in potentially affected vehicles. The crash involving an unoccupied Zoox robotaxi and passenger car in Las Vegas occurred April 8, according to a National Highway Traffic Safety Administration (NHTSA) recall […]

The Department of Justice (DOJ) said Credit Suisse Services AG will pay more than $510 million in penalties for its part in aiding U.S. taxpayers in skirting the IRS through offshore accounts.The more than $510 million in "penalties, restitution, forfeiture and fines" that Credit Suisse Services AG must pay are part of a guilty plea and non-prosecution agreement that the now UBS-owned bank entered on Monday for "conspiring" to hide […]

As President Donald Trump celebrated his 100th day in office last week, Elon Musk's Department of Government Efficiency (DOGE) announced it had cut $160 billion in waste, fraud and abuse in the federal government. Democrats have railed against DOGE's mass layoffs as Republicans have celebrated its spending cuts. Since Trump signed an executive order establishing the agency on his Inauguration Day, Musk has faced pushback from laid-off government employees, disgruntled Democrats […]

Several major airlines are facing ongoing flight disruptions at New Jersey's Newark Liberty International Airport as the facility contends with ongoing staffing and technology issues.Last week, air traffic controllers at the Federal Aviation Administration (FAA) facility in Philadelphia lost radar and radio signals while directing planes to Newark for nearly 90 seconds, causing significant delays and flight cancellations that remain ongoing. However, there have been longstanding issues in the air traffic […]