The Federal Reserve on Wednesday released the minutes from the central bank's monetary policy meeting last month, which showed that while policymakers anticipate further interest rate cuts, they remain committed to bringing inflation back to its 2% target. The Federal Open Market Committee (FOMC), which guides the Fed's monetary policy moves, voted in September to lower the benchmark federal funds rate by 25 basis points to a range of 4% to 4.25%. That move cut interest rates for the first time in 2025, but ...

FIRST ON FOX — At least a dozen Republican state attorneys general from across the United States signed a letter to Meta Platforms Chief Legal Officer Jennifer Newstead demanding answers on the company's actions following the Oct. 7, 2023, terror attacks in Israel. "We, the 12 undersigned Attorneys General, write to express our serious concerns over recent allegations regarding Meta’s actions following the October 7, 2023, massacre and terrorist attack in Israel," the letter, sent to Meta a day after the tw ...

Core Points - WestJet has introduced updated cabin interiors on select Boeing aircraft, featuring three distinct seat classes and additional charges for reclining seats [1][2] - The first 43 refreshed Boeing 737-8 MAX and 737-800 will be available for passenger travel by the end of October [1] - The new cabin design aims to provide a bright and airy atmosphere with upgraded seating and enhanced comfort features [2] Seat Classes and Features - The updated cabin includes three seat classes: premium, extended comfort, and economy [2] - Premium seating offers reclining options, with only 12 such seats available per plane [2] - Economy seats feature a fixed recline design to help preserve personal space [2][5] Company Strategy and Vision - WestJet emphasizes catering to diverse passenger preferences by offering a range of seating options from premium to more affordable choices [8] - The airline has a history of making air travel accessible to Canadians by maintaining low costs [9]

Core Points - The Trump administration has approved the Ambler Road Project in Alaska to enhance domestic production of critical minerals and reduce reliance on imports [1][2][4] - The U.S. government has invested $35.6 million in Trilogy Metals, acquiring a 10% stake and warrants for an additional 75% [3][4] Mining Project Details - The Ambler Road Project will construct a 211-mile road to access the Ambler Mining District, which contains significant deposits of critical minerals such as copper, cobalt, gallium, and germanium [2][4] - The project aims to unlock one of the largest undeveloped copper-zinc mineral belts globally, which also includes extensive deposits of silver, gold, lead, and other strategic metals [4] Strategic Importance of Minerals - Gallium, primarily imported, is essential for semiconductors, LED lighting, solar panels, and transistors [7][8] - Cobalt is crucial for lithium-ion batteries used in electric vehicles and other electronics, with 76% of U.S. cobalt being imported [11] - Zinc is widely used in various products, with 73% of refined zinc being imported [12] - Germanium, a byproduct of zinc processing, is increasingly in demand for fiber optics and infrared systems, with a balanced supply of 50% domestic and 50% imported [15][16] - Copper, a key industrial metal, has 55% of its refined supplies sourced domestically, while 45% is imported [17]

Core Viewpoint - Connecticut Governor Ned Lamont has expressed concerns regarding the potential impact of Zohran Mamdani's policies on Wall Street and the financial ecosystem in Connecticut if he wins the New York City mayoral race [1][4][7]. Group 1: Economic Impact - Lamont highlighted the significance of New York City as the financial capital of the world and its importance to Connecticut's economy [2][10]. - He warned that instability in New York's financial landscape could have ripple effects on Connecticut's economy if Mamdani is successful [7]. Group 2: Mamdani's Campaign - Mamdani, a Democratic-Socialist candidate, has unsettled Wall Street with his left-wing platform, which includes proposals for rent freezes, free child care, and government-run grocery stores funded by higher taxes on corporations and the wealthy [4][8]. - Following a primary victory over former Governor Andrew Cuomo, Mamdani is currently leading the race after the withdrawal of current NYC Mayor Eric Adams [7]. Group 3: Connecticut's Stability - Lamont emphasized that Connecticut remains a stable environment for financial firms, noting that taxes are relatively lower and the state has a predictable governance approach [10][11].

President Donald Trump defended his use of tariffs as a corrective to what he called years of trade imbalance, saying Tuesday that the United States had been "the king of being screwed by tariffs" but would no longer allow other nations to exploit it. "We're the king of being screwed by tariffs," Trump said during a bilateral meeting with Canadian Prime Minister Mark Carney in the Oval Office. "I'm not talking about with Canada, I'm talking about with countries all over the world," Trump said, naming China ...

Nearly 394,000 Toyota vehicles in the U.S. are being recalled due to rearview camera issues that could reduce drivers' ability to see behind them, posing a safety risk, according to auto regulators.  Certain model years 2022-2025 Tundra and Tundra Hybrid vehicles and model years 2023-2025 Sequoia Hybrid vehicles are impacted by the recall, the National Highway Traffic Safety Administration (NHTSA) said.A software error is behind the recall, according to NHTSA.  TOYOTA RECALLS OVER 443,000 TRUCKS FOR POTENTI ...

Costco has a new growing customer base: members under the age of 40.  CFO Gary Millerchip told investors during its earnings call at the end of September that the membership warehouse is gaining an influx of younger shoppers. Almost half of its new member sign-ups during the three-month period ending on Aug. 31 were under the age of 40, Millerchip said on the call. The company also reported a 92.3% renewal rate across North America. The rate is down slightly from the prior quarter due to more people joining ...

Japan’s benchmark stock index, the Nikkei 225, hit a record after the leading conservative party elected Sanae Takaichi as its new leader.  Nicknamed the ‘Iron Lady’ after she cited former British Prime Minister Margaret Thatcher as her hero, Takaichi has called for strengthening Japan’s military, and taking a tougher stance against China and North Korea. She also opposes same-sex marriage and retains ties to nationalist groups. "It’s the Trump effect going global here, restructuring, tax cuts, improved eco ...

A leading economist is warning that job creation in the U.S. economy is slowing to a crawl as the ongoing government shutdown precluded the release of the September jobs report last week. Moody's Analytics chief economist Mark Zandi wrote Sunday in a post on X noting that the shutdown forestalled the release of the September jobs report from the Bureau of Labor Statistics (BLS) as scheduled on Friday, which caused data watchers to focus on private data reports in the absence of the BLS' data."While not a re ...