solid-footing

U.S. Virgin Islands sues Takata, Honda over airbags

The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands suit, seeking

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U.S. Virgin Islands sues Takata, Honda over airbags

solid-footing

Fed’s Powell says interest rates could rise ‘fairly soon’

A U.S. rate hike may come “fairly soon” if data confirm the economy is continuing to grow and labor markets are still tightening, Federal Reserve Governor Jerome Powell said on Thursday in remarks that may help tee up higher rates as soon as mid-June. Powell said the economy remains on a “solid footing” and that he views ongoing job growth and evidence of rising wages as being more important than recent weakness in consumer spending and business investment. “There are good reasons to think that underlying…

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Fed’s Powell says interest rates could rise ‘fairly soon’