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About 780,000 pressure washers sold at major home improvement retailers nationwide are being recalled after users reported dozens of explosions, according to regulators. TTI Outdoor Power Equipment’s Ryobi Electric Pressure Washer’s capacitor can overheat and eventually burst, "causing parts to be forcefully ejected, posing a risk of serious injury from impact to the user or bystanders," according to the Consumer Product Safety Commission (CPSC). About 764,000 were sold in the U.S. and about 16,000 were […]

President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook — a move without precedent in American history — sets the stage for a high-stakes legal battle likely bound for the U.S. Supreme Court.Tensions reached a new fever pitch Thursday morning after Cook sued the Trump administration over its attempt to remove her, an effort she argued is an "unprecedented and illegal" pretext by which Trump is looking to […]

The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago in July and remained at 2.6% on a year-over-year basis, in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile food and […]