The Fed’s Next Big Move

The Fed’s Next Big Move

The Federal Reserve’s decision to cut interest rates this week was a surprise to … well, nobody. The US central bank, like many of its peers, had telegraphed the decision for weeks as it made inroads containing inflation and now seeks to prevent a wider slowdown in the economy. Even for an institution marked by…

Read More
Israel Pounds Lebanon's Hezbollah After Device Blasts

Israel Pounds Lebanon’s Hezbollah After Device Blasts

Israel said it pounded Lebanon’s Hezbollah, just hours after the group’s leader vowed retribution for deadly explosions that targeted its communication devices, killing 37 people and wounding thousands. The Iran-backed Hezbollah blamed Israel for the explosion of thousands of its operatives’ pagers and radios in attacks that spanned two days this week. Israel has yet…

Read More
Lebanese ministers warn of a dangerous next 48 hours after pager attacks

Lebanese ministers warn of a dangerous next 48 hours after pager attacks

Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by…

Read More