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Economy

Portrait of Federal Reserve Chairman Jerome Powell

Fed Raises Interest Rates. What Will It Do in 2019?

WASHINGTON — The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. The quarter-point hike, to a range of 2.25 percent to 2.5...

What Happens if PG&E Goes Bankrupt?

Investigators are massing. Lawsuits are mounting. The death toll in Butte County's historic Camp Fire stands at 88, so far. by Judy Lin CALmatters State laws make power companies especially liable for fires sparked by and around their equipment,...
Photo of a GM worker at the factory in Ontario

GM to Slash 14,700 Jobs in North America

DETROIT — General Motors will lay off up to 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and ...
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