Federal Reserve

India's central bank cuts lending rate to 6%

India's central bank has lowered its key interest rate by a quarter of a percentage point to 6% to strengthen domestic growth ahead of a national election next week.

Business Highlights

___ Lyft's shares soar as investors bet on ride-hailing future Lyft's shares soared as the company went public Friday, giving investors their first chance to bet on the future of the ride-hailing industry.

Trump's Fed pick worries economists, rallies conservatives

President Donald Trump's latest pick help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank.

Yield-curve inversion: Why you should care

Recession ahead? Let's just say it has a pretty darn good record and with many areas around the globe already having issues, one must question whether the U.S. will be immune.