Time running out for rate cuts, Jim Bianco warns before Fed meeting

The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. “I’m in the camp that the Fed does not change policy in the summer of an election year,” the … Read more

Asa Hutchinson drops out of Republican primary

Former Arkansas Gov. Asa Hutchinson speaks during the Florida Freedom Summit held at the Gaylord Palms Resort in Kissimmee, Florida, on Nov. 4, 2023. Joe Raedle | Getty Images Former Arkansas Gov. Asa Hutchinson on Tuesday suspended his Republican presidential campaign, a day after finishing a distant sixth place in the GOP’s Iowa caucuses. Hutchinson’s … Read more

South Korea’s opposition chief stabbed in the neck, local media reports

Lee Jae-myung, leader of the Democratic Party, at his office at the National Assembly in Seoul, South Korea, on Thursday, Aug. 24, 2023. Woohae Cho | Bloomberg | Getty Images South Korea’s opposition Democratic Party leader Lee Jae-myung was stabbed in the neck during a visit to the southern port city of Busan on Tuesday, the Yonhap news agency reported. Lee, who narrowly lost the 2022 presidential … Read more