Special Projects

Federal Reserve Chair Jerome Powell and other Fed officials left interest rates unchanged Wednesday as they wait for more data on the US economy. Policy makers expect the economy will grow 2.1 percent this year.

Fed leaves rates unchanged as it waits for economy’s next moves

Newfound patience gave the Fed cover to leave rates unchanged Wednesday.

United Auto Workers threaten to expand targeted strike if there is no substantive progress by Friday
“We’re not going to keep waiting around forever while they drag this out … and we’re not messing around,” UAW president Shawn Fain said.

UAW strike enters its 4th day with no signs that a breakthrough is near
A spokesman for General Motors said that representatives of the company and the United Auto Workers were continuing to negotiate on Monday.

UAW strike hits 3 plants as it seeks big raises and other gains

Autoworkers walked off the job Friday at three factories that produce some of the Detroit carmakers’ most popular vehicles, the opening salvos in what could become a protracted strike that hurts the US economy and has an impact on the 2024 presidential election.

Inflation nudged up again in August as gas prices rose rapidly
The inflation report released Wednesday came in a bit hotter than expected but didn’t pose major surprises.

Autoworkers strike would test Biden’s claim that he’s the most pro-union president in US history
The prospect of an autoworkers strike could test Joe Biden’s treasured assertion that he’s the most pro-union president in U.S. history.

Watch live: Pennsylvania authorities hold press conference on captured murderer Danelo Cavalcante
State police announced Danelo Souza Cavalcante’s capture on Wednesday. Watch the news conference announcing details of the arrest.

Higher gas prices likely pushed up inflation in August, though other costs probably slowed
A sharp increase in gas prices likely pushed inflation higher in August compared with a year ago, yet a measure excluding energy and food costs is expected to fall for the fifth straight month, suggesting that the Federal Reserve’s interest rate hikes are still bringing down prices for many goods and services.

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Latest Headlines in Special Projects

The governments bringing the case “seek to distort search competition by hindering Google and its ability to compete,” said John Schmidtlein, the lawyer who gave the opening statement for Google.

Google viewed exclusive search deals as a ‘weapon,’ Justice Department says

The case centers on tactics Google has employed while amassing roughly 90 percent of the global search engine market, enough that the company’s name has become synonymous with typing a query in a search box. 5:57 p.m.

Bowing to European pressure, Apple changes its iPhone charger

On Wednesday, Apple revealed that its newest product line, the iPhone 15, will drop the company’s proprietary Lightning port in favor of European-mandated USB-C ports. 4:54 p.m.

The Immatics collaboration offers a number of opportunities for Moderna to find new applications for its mRNA technology.

Moderna to pay Immatics up to $1.8b in cancer-drug deal

The companies will collaborate on a variety of products, including antibodies produced through mRNA, cancer vaccines, and cell-therapy products, most of which have yet to be tested in people. 5:11 p.m.

India's Prime Minister Narendra Modi (L) and President Biden pay respect at the Mahatma Gandhi memorial at Raj Ghat on the sidelines of the G20 summit in New Delhi on Sept. 10.

G20 agreement reflects sharp differences over Ukraine and the rising clout of the Global South

The final statement, released a day before the formal close of the summit, highlighted the “human suffering and negative added impacts of the war in Ukraine,” but did not mention Russia's invasion. 4:26 p.m.

This Wednesday, Sept. 6, 2023, satellite image provided by the National Oceanic and Atmospheric Administration shows Hurricane Lee, right, off in the central tropical Atlantic Ocean.

Hurricane Lee charges over Atlantic waters as a Category 5 storm, approaching the Caribbean

Hurricane Lee is whirling through open waters toward the northeast Caribbean becoming the first Category 5 storm of the Atlantic season. 12:34 a.m.

Former FTX executive Ryan Salame is planning to plead guilty to criminal charges over the collapse of the cryptocurrency exchange, according to people familiar with the case.

Ex-FTX executive Ryan Salame to plead guilty to criminal charges

The likely plea comes less than a month before FTX co-founder Sam Bankman-Fried is due to stand trial on charges that he orchestrated a multibillion dollar fraud. 4:40 p.m.

A smartphone displayed the apps for Facebook and Messenger in New Orleans. The European Union on Wednesday targeted Apple, Amazon, Microsoft, Google parent Alphabet, Facebook owner Meta, and TikTok parent ByteDance under new digital rules aimed at reining in the market power of online companies.

EU targets Apple, Amazon, Meta, and other Big Tech in next phase of digital crackdown

Google parent Alphabet, Facebook owner Meta, and TikTok parent ByteDance also were classified as online “gatekeepers” subject to the strictest requirements of the 27-nation EU’s Digital Markets Act. The list of do’s and don’ts seeks to prevent tech giants from cornering digital markets, with the threat of whopping fines or even forcing companies to sell of parts of their business to operate in Europe. 4:18 p.m.

Google reaches tentative settlement with 36 states and DC over alleged app store monopoly

The agreement, cited in a court filing late Tuesday by both sides, is subject to approval by the state attorneys general and the board of directors of Google’s parent company, the execution of an agreement, and court approval. 4:12 p.m.