The Federal Reserve has declared victory in the war on inflation. At its meeting today, the central bank announced that, after setting higher interest rates for two years in an effort to tame prices, it is finally beginning to bring them back down.
The Fed lowered interest rates by 0.50 percent (or 50 basis points), and has suggested that future cuts will be similarly sized.
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Updated at 1:05 p.m. ET on September 18, 2024
A first draft of this story opened: “It’s not every day that a candidate for vice president of the United States rage-tweets at you.”
Backspace, backspace, backspace. Although it’s not every day that a candidate for vice president of the United States rage-tweets at me personally, it is almost every day that Senator J. D. Vance rage-tweets at somebody.
The minivan dilemma: It is the least cool vehicle ever designed, yet the most useful. Offering the best value for the most function to a plurality of American drivers, a minivan can cart seven passengers or more in comfort if not style, haul more cargo than many larger trucks, and do so for a sticker price roughly a quarter cheaper than competing options. Even so, minivan sales have been falling steadily since their peak in 2000, when about 1.3 million were sold in the United States.
At least two women in Georgia have died since the state’s six-week abortion ban went into effect after the Supreme Court overturned Roe v. Wade. Candi Miller and Amber Thurman, both Black women and mothers to young children, died after they were unable to access care for rare but typically treatable complications caused by medication abortion.
At least 12 people were killed and over 2,800 people were injured Tuesday in Lebanon when electronic pagers used by many members of Hezbollah — who had switched to the older technology over concerns of mobile phones’ vulnerability to security breaches — exploded simultaneously across the country in a coordinated attack on the group. Individual explosions occurred in supermarkets, cafes, houses and in other public places.
Slow Burn Season 10 reveals the network’s real origin story.
The Power Broker leaves us ill-equipped to understand or confront the struggles that face the city today.
Betches CEO Aleen Dreksler explains why it’s time to take women sports fans seriously.
Even host Jesse Watters seemed a little lost.
A plan to expand access to the drug treatment is hung up on fears of a black market, despite bipartisan support.
The state lost millions in federal funding because it refused to offer patients a national hotline number for information about abortion.
While the risk of hospitalization and death is nowhere near what it was in 2021, there is still a danger, particularly for the elderly or those with compromised immune systems.
Kamala Harris and Donald Trump want to provide relief, though they disagree on the details.
Biden is determined to convince a skeptical public that he strengthened the economy.
He was Trump’s policy whisperer to key voting blocs. Now, he’s fueling rumors that Haitian immigrants in Ohio are eating cats and dogs.
Across the U.S. in November, voters will weigh proposals on election policies, minimum wage increases and marijuana legalization.
Trump arrived in New York amid growing concerns among some investors about his economic plans as Harris casts his agenda as a financially calamitous wishlist.
As Israeli forces launch repeated attacks on civilian areas in Gaza, expand their deadly incursion into the West Bank and threaten retaliation for strikes by Hezbollah and Houthis, we discuss ceasefire negotiations between Israel and Hamas with Palestinian writer Amjad Iraqi and former Israeli peace negotiator Daniel Levy.
It felt like a science-fiction film, one Lebanese friend told me. At almost exactly the same moment—3:30 p.m. today—pagers exploded all over Lebanon, leaving hideous gashes and wounds on the heads, hands, and hips of their owners.
The significance of the attack quickly became clear: The pagers were being used by members of Hezbollah, the Lebanese militant movement that has been fighting an undeclared war with Israel since October.
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With Kamala Harris and Tim Walz at the top of their ticket, the Democrats are feeling much more optimistic than they were earlier this summer about holding on to the White House. But lower down on the ticket, Democrats are struggling to keep their 51–49 lead in the Senate.
“I’m a proud crypto bro. You’re starting to become one of us, if not already,” Farokh Sarmad, a social-media influencer, said to former President Donald Trump during a livestream on X last night. According to the platform’s listener counter, more than 1 million people tuned in for the launch of World Liberty Financial, a new crypto project promoted by Trump and his family. The former president has been posting about it on social media for several weeks.
As Trump pitches himself as a “leader on IVF,” GOP senators dismiss the legislation as a Democratic stunt.
Today, Snap, the parent company of Snapchat, one of the most popular social-media apps for teenage users, is announcing a new computer that you wear directly on your face. The latest in its Spectacles line of smart glasses, which the company has been working on for about a decade, shows you interactive imagery through its lenses, placing plants or imaginary pets or even a golf-putting range into the real world around you.
We speak with filmmaker Pamala Yates about her new documentary, Borderland: The Line Within, which explores the human impact of restrictive U.S. immigration policies and border militarization.
We speak with Yale philosophy professor Jason Stanley, author of the new book Erasing History: How Fascists Rewrite the Past to Control the Future, which examines the global rise of authoritarianism in the United States, Russia, Israel and beyond. He says attacks on education are a key part of the fascist toolkit to undermine democracy and pluralism.
Top United Nations human rights experts have condemned Western nations for supporting Israel’s devastating war on Gaza, urging the world to stop an unfolding genocide in Palestine. This comes as the U.N. special rapporteur on the right to food, Michael Fakhri, is accusing Israel in a new report of carrying out a deliberate starvation campaign in Gaza. “What we are witnessing in Gaza is the starvation of 2.3 million Palestinians.
Rumaan Alam’s novel, Entitlement, explores what happens when we enter the lives of the mega-rich.
Betches CEO Aleen Dreksler explains why it’s time to take women sports fans seriously.
