Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.

President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends.

Consumers and traders are waiting to learn if the Fed’s expected pause today is a one-meeting hold or the start of a longer stretch.

Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income of $11.3 million, or fully diluted earnings per share ("EPS") of $0.

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What comes after troubled loans reach their new maturity dates could provide a telling look at how the U.S. office market is faring.

Until then, Trump's comments Thursday suggest he expects to regularly second-guess the Fed in public, despite a decades-long tradition among previous presidents of taking a hands-off approach to the central bank. Former president Joe Biden reappointed Powell, rather than replacing him, in a nod to central bank independence from politics.

A Canadian national of Pakistani origin, Rana had already lost legal battles in several federal courts, including the US Court of Appeals for the North Circuit in San Francisco, against his extraditio

DAVOS, SWITZERLAND — The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.

A number of leading economists, including advisers to past U.S. presidents, have coalesced around the view that

Meanwhile, many of the SBA's EIDL loans are being charged off and considered in default. In 2021, the agency charged off $21.5 million in EIDL loans. In 2022, that grew to $198.2 million. Last year, the agency charged off $52 billion in EIDL loans — about 17% of its portfolio.

The new business venture by the Trump family is generating intensifying criticism and ethics questions, even as it has turned into an overnight phenomenon, generating a windfall on paper.