Fed delivers rate cut

scrabble letters spelling fed on a green mat

“The Fed lowered its overnight lending rate to a range of 4.75%-5% from 5.25%-5.5%. The magnitude of the rate cut came in-line with traders’ expectations, according to the CME Group’s FedWatch tool. Wednesday’s policy shift marks the first rate cut…

Trump and “lawfare”

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Editor’s note: Is it more or less likely jail time will be included in the sentence? “Judge Delays Trump’s Sentencing Until After Election DayThe judge overseeing Donald Trump’s criminal case in Manhattan rescheduled the sentencing for Nov. 26, a significant…

Private-Equity and Healthcare

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“The California state senate has passed legislation to hinder healthcare acquisitions by private-equity firms and hedge funds, as states seek new powers to slow the corporate consolidation of medicine. The law, called Assembly Bill 3129, passed the senate by a…

Harris/Walz to propose new $50,000 tax deduction

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“Vice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, according to a Harris campaign official who was granted anonymity…

Ghost Jobs

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“About 81% of recruiters say that their employer posts “ghost jobs,” or positions that either don’t exist or are already filled, according to a new report from MyPerfectResume, a resume building platform.”