The Federal Reserve set a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed's 2% target level.
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Politics
Groups worry about tapping COVID relief for infrastructure
Organizations representing long-term care facilities on Friday urged lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds to help pay for the roughly $600 billion in new spending sought for the public works buildout.
Business
China's Tencent ordered to end exclusive music contracts
Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries.
Business
Yellen outlines to Congress emergency measures on debt limit
Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented default on the national debt, warning that a default would cause "irreparable harm to the U.S. economy and the livelihoods of all Americans."
Business
Dealership apologizes for derogatory term for Black customer
A North Carolina car dealership has apologized for a derogatory term posted to its social media to identify a Black woman who bought a car from the business.
Brazilian brothers behind JBS are out of jail and worth $6 billion
The revival of Joesley and Wesley Batista is a testament to bare-knuckles political deal making, ruthless efficiency while pivoting to plant-based alternatives and eyeing a U.S. listing.
