___ Fed announces a start to modestly reducing its bond holdings WASHINGTON (AP) — The Federal Reserve is announcing that it will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy.
The Consumer Financial Protection Bureau could have fined Wells Fargo in excess of $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by Congressional Republicans this week.
A government watchdog says travelers who check at least one bag are paying more overall to fly than they did before airlines began unbundling fares in 2008.
The major U.S. stock indexes closed mostly higher Wednesday, led by gains among banks as bond yields rose.
The Federal Reserve will conclude its two-day policy meeting on Wednesday with a statement from chair Janet Yellen, who could provide some key insight into the bank’s assessment of the economy and consequently, its impending policy plans.
Nonpartisan attorneys for the Wisconsin Legislature are warning that portions of a newly signed law speeding up legal appeals related to a planned flat-screen display factory could be unconstitutional.
Home device maker Nest Labs is adding Google's facial recognition technology to a camera-equipped doorbell and rolling out a security system in an attempt to end its history of losses.
Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.
Read on for a full recap of the Fed's decision and press conference
The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.
Ford will temporarily idle production at five plants by the end of the year, mostly targeting small cars.
Fiat Chrysler is recalling 50,000 Pacifica minivans, saying a second-row seat belt can mistakenly unbuckle.
U.S. home resales fell to their lowest in a year in August as Hurricane Harvey depressed activity in Houston and a perennial shortage of properties on the market sidelined buyers.
Wall Street's three major indexes were lower on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and disclosed timing for reducing its balance sheet.
Investors are mostly looking past news on the Fed's balance sheet, instead watching for the views on inflation and the U.S. economy.
America's top business leaders want tax reform...now.
Gov. Paul LePage is calling for a suspension of tariffs on Canadian softwood lumber to ease prices as families and businesses prepare to rebuild in the aftermath of hurricanes Harvey and Irma — and with two more months of hurricane season to go.
Banks, insurers and other financial companies led U.S. stocks slightly higher in morning trading Tuesday, adding to modest gains from the day before.
Top Republicans on a key Senate panel have reached a tentative agreement on a tax plan that would add about $1.5 trillion to the government's $20 trillion debt over 10 years, according to congressional officials.
The major U.S. stock indexes closed slightly higher Tuesday, eking out enough of a gain to set more record highs.