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Business

The Fed Meets Today With No Good Options

The Fed will hold rates steady today — that much is certain. The real question is whether Powell's dot plot and press conference reveal a central bank that still believes it can cut this year, or one that has quietly abandoned the idea.

Business

Arizona Calls Kalshi's Bluff With Criminal Charges

Twenty misdemeanor counts, four for letting Arizonans bet on their own governor's race. Arizona just filed the first criminal charges ever brought against a prediction market — and the $43 billion company's federal preemption argument is about to get its toughest test yet.

Business

The Iran War Just Killed Your Rate Cut

American borrowers started 2026 counting on three rate cuts. Futures markets now see one — maybe, in December. The $2.95 trillion in consumer debt at double-digit interest isn't going anywhere.