Stock market today: Asian markets forge higher after Fed’s first rate cut in over 4 years

Stock market today: Asian markets forge higher after Fed’s first rate cut in over 4 years

Asian markets forged higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates. In Tokyo, the Nikkei 225 index jumped 2.1% to 37,155.33, lifted by major export manufacturers’ shares. Toyota Motor Corp. jumped 5.1%, Sony Group Corp. added 2.9% and … Read more

A news site that covers Haitian-Americans is facing harassment over its post-debate coverage of Ohio

A news site that covers Haitian-Americans is facing harassment over its post-debate coverage of Ohio

NEW YORK — Journalists at a news site that covers the Haitian community in the United States say they’ve been harassed and intimidated with racist messages for covering a fake story about immigrants eating the pets of people in an Ohio town. One editor at the Haitian Times, a 25-year-old online publication, was “swatted” this … Read more

Oversight board says it will help speed up projects to fix Puerto Rico’s electric grid

Oversight board says it will help speed up projects to fix Puerto Rico’s electric grid

SAN JUAN, Puerto Rico — A federal control board that oversees Puerto Rico’s finances announced Wednesday that it will step in to help speed up projects to fix the island’s crumbling power grid as widespread outages persist. Only $1.2 billion out of more than $17 billion authorized by U.S. Congress to stabilize the U.S. territory’s … Read more

Ship owner cut corners on repairs before deadly Baltimore bridge collapse, US says in $100M lawsuit

Ship owner cut corners on repairs before deadly Baltimore bridge collapse, US says in 0M lawsuit

BALTIMORE — The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse recklessly cut corners and ignored known electrical problems on the vessel, the Justice Department alleged Wednesday in a lawsuit seeking to recover more than $100 million that the government spent to clear the underwater debris and reopen the … Read more

Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown

Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown

ATLANTA — Democratic U.S. Sen. Jon Ossoff of Georgia said Wednesday he wants Congress to have more control over selecting the U.S. postmaster general after a mail-service breakdown in his state. Ossoff’s proposed Postmaster General Reform Act would require the U.S. Senate to confirm a president’s appointment to the role. Right now, the position is … Read more