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Fed hikes key rate for first time in three years, defying Trump

WASHINGTON (AP) — The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year. The quarter-point increase lifts the Fed’s key ...

Senate blocks cryptocurrency regulation

WASHINGTON (AP) — Senate Democrats on Tuesday blocked legislation to create a new regulatory framework for cryptocurrency, stalling an industry-backed effort to place new guardrails around digital assets after demanding more limits on President Donald Trump's investments. The 49-50 vote ...

Gas rate hike approved for DTE

State regulators Thursday approved a $74.52 million gas rate hike for DTE Energy customers, which was less than half the total requested. A residential customer with typical usage of 75 hundred cubic feet of gas per month will see a 3.34% bill increase, or $2.87 per month, officials said. The ...