How the Fed’s Interest Rate Decision Affects Credit Cards, Loans and More

Trump’s Push to Fire Fed Governor Lisa Cook Looms Over Warsh

Lisa D. Cook, a Fed governor, is set to face an unorthodox, private hearing over allegations of mortgage fraud she has consistently denied.

Treasury sanctions North Koreans, Russians for alleged IT fraud

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate...

Treasury sanctions North Koreans, Russians for alleged IT fraud

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate...

Here’s the latest.

Bond yields rise slightly ahead of Fed rates decision

Bond yields ticked up Wednesday morning ahead of the Federal Reserve’s decision on interest rates, with investors expecting the central bank to keep borrowing costs steady.  The 10-year U.S. Treasury bond yield was trading at more than 5.02 percent as of midmorning, up by roughly 3 basis points from closing time Tuesday. The note dipped...

Kalshi defends Platinum program against scrutiny from Democrats

Kalshi argued Tuesday that its VIP program and platform are "fundamentally different" from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no "predatory incentives" because of its distinct business model....

Kalshi defends Platinum program against scrutiny from Democrats

Kalshi argued Tuesday that its VIP program and platform are "fundamentally different" from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no "predatory incentives" because of its distinct business model....

KISS's Gene Simmons on AI in music industry: 'Learn how to use it, otherwise it will use you'

Gene Simmons of KISS fame is urging the music world to get on board with artificial intelligence. The "Rock and Roll All Nite" singer was asked about his stance on AI on NewsNation's "The Hill with Blake Burman" on Tuesday, and whether the technology will be "good or bad" for music. The Hill and NewsNation...

Live updates: Trump, Obama campaign in midterm sprint; Murkowski backs Dem in Alaska governor's race

Former President Obama is stopping in Atlanta on Wednesday — less than a week out from Election Day — to give a boost to Democrat Keisha Lance Bottoms, who's running for Georgia governor, and incumbent Sen. Jon Ossoff (D). Obama's visit to the Peach State comes just a few days after his quippy speech at...

Fed likely to hold rates steady ahead of midterms

Federal Reserve officials will decide whether to raise interest rates again on Wednesday, as persistent inflation strains Americans ahead of the midterm elections. Annual inflation was 3.7 percent in September, according to the consumer price index (CPI). That marked an increase from 3.4 percent in August and showed inflation remains entrenched in the economy amid...

Silicon Valley braces for firestorm of Dem scrutiny in 2027

Silicon Valley is bracing for a firestorm of scrutiny should Democrats take control of Congress next year, underscoring how the industry’s efforts to get on President Trump’s good side last year became a political liability. After two years of a GOP-controlled House and Senate, Democratic lawmakers are expected to bring the heat on tech firms,...

Guardrails Alliance hits Husted over ties to Marc Andreessen in new ad

Super PAC Guardrails Alliance will launch a digital ad campaign Wednesday seeking to tie Ohio Sen. Jon Husted (R)'s past support for data centers to campaign donations he received from tech executives like venture capitalist Marc Andreessen. The 30-second ad, first shared with The Hill, highlights Andreessen's past donations to Husted's Senate run against former...