Jerome Powell, chairman of the US Federal Reserve, departs following a news conference following a … More Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 18, 2025. Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook … Read more
Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty Images Happy Juneteenth! Since the BI Today team is off for the holiday, we’re running an abbreviated version of the newsletter. But we’ve still got time for a scoop! Meta’s deal with Scale AI has left its Big Tech clients eager to distance themselves from the company. In … Read more
Tariffs are pushing up the cost of materials that are frequently used in home renovation projects, leading some homeowners to reconsider fixing up their residences. Suppliers of materials, including lumber, steel and aluminum, have already hiked prices for builders. Sixty percent of homebuilders say suppliers have either already raised prices or intend to, according to … Read more
At Home, the home decor and furniture retailer with more than 200 locations in the United States, is filing for bankruptcy. The popular retail chain announced Monday that it is entering Chapter 11 protection as part of a Restructuring Support Agreement intended to eliminate $2 billion in debt and provide $200 million in capital to … Read more