The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.

Federal Reserve Bank of New York President John Williams said he sees room for the US central bank to cut interest rates again in the near term as the labor market softens. In the text of a speech he ...

San Francisco Fed President Mary Daly said she supports lowering interest rates at the central bank’s meeting next month because she sees a sudden deterioration in the job market as both more likely ...

Those who have the digital version of Yakuza 0 for PlayStation 4, Xbox One, or Steam by December 8 at 08:29 a.m. PT / 11:59 a.m. ET may be able to upgrade to the digital version of Yakuza 0 Director’s ...

Just a few weeks ago, a December interest rate cut was viewed as practically a done deal by many economists. Now, with fresh government data showing solid U.S. job growth in September, many ...

Son Heung-min hit the post with his penalty against Vancouver. / Jeff Vinnick/Getty Images Son Heung-min blamed his heartbreaking penalty miss in LAFC’s MLS Western Conference Semifinal loss to ...

NEW YORK, Nov 24 (Reuters) - Wall Street stocks closed higher on Monday, extending Friday's rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December ...

Sentiment has shifted dramatically in favor of an interest rate cut. Top officials at the Federal Reserve have displayed a rare degree of public disagreement over a possible interest rate cut next ...

Federal Reserve officials are sharply divided over whether to cut interest rates in December, with some citing cooling labor data and others warning inflation remains too high. The split has fueled ...

Fannie Mae announced that it no longer requires a minimum FICO credit score for loans processed through its Desktop Underwriter system. Supporters of the move feel this can open up conventional loan ...

A coalition of labor and left-leaning activists announced Tuesday in L.A. that they hope to have the county Board of Supervisors take up a proposal to mandate the higher wage soon, phasing the ...

Leftist TV host Bill Maher torched Jimmy Kimmel’s wife for issuing an "ultimatum" to her relatives who voted for President Donald Trump, saying emotional blackmail only alienates family members ...