Business and Economic News

Fed cuts interest rates for 1st time since 2008
The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December.
Q&A: What to know about the Capital One data breach
The data breach involves about 100 million people in the U.S. and 6 million in Canada. Capital One said it will reach out to those affected using "a variety of channels."
Boris Johnson tries to reassure on Brexit as pound slumps
British Prime Minister Boris Johnson was visiting Wales on Tuesday as part of a national tour intended to reassure Britons that his hard-Brexit push won't hurt the economy and rip apart the U.K.
Controversial program boosts funding for scarce public housing
Critics accuse Minneapolis officials of selling out low-income residents of public housing through a new program that seeks revenue from private investors. But the program will pay for apartment renovations and not change control of the dwellings.
Irritating compounds discovered in 'vape juice'
Research chemists who analyzed a number of flavored e-liquids found that some ingredients combine on the shelf to create "acetals" — compounds likely to irritate or inflame airways when inhaled.
23 and who? Your DNA test results and the law
Companies that sell DNA tests have hired lobbyists as Minnesota legislators eye regulating who has access to the results.
3M discloses internal probe into China-linked marketing
3M said on Friday it was investigating potential violations of the U.S. Foreign Corrupt Practices Act or other anti-corruption laws related to certain business groups in China.