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The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year.That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier yields on savings accounts.The central bank is waiting for more clarity on the economic outlook and the impact of President Trump’s policies on tariffs, immigration and widespread federal job cuts. Mr. Trump has publicly attacked the Fed chair, Jerome H. Powell, and his colleagues for keeping…

A California court has ordered Israeli spyware merchant NSO Group to pay $167.25m in punitive damages, and $444,719 in compensatory damages, for enabling state-backed hacks of mobile devices belonging to 1,400 users of Meta’s WhatsApp messaging service. The judgment, handed down this week in a federal courthouse, comes five months after US district judge Phyllis Hamilton ruled in favour of Meta in the case, having reviewed evidence that NSO’s Pegasus code had transited WhatsApp’s California-based servers 43 times during May 2019 after exploiting a vulnerability, CVE-2019-3568, in the WhatsApp voice calling feature. The court had also ruled NSO infringed…

For years, Genevieve Ko would make this dessert for her kids. Now that they’re grown, she’s streamlined it for them — and you.The whole point of carrot cake is to enjoy layers of tangy cream cheese frosting.Julia Gartland for The New York Times. Food Stylist: Samantha Seneviratne.By Genevieve Ko Genevieve Ko has baked more than 60 birthday cakes for her kids, including one shaped like a pirate ship.Published May 7, 2025Updated May 7, 2025On my first day as a line cook in a pastry kitchen, I was tasked with turning lemons into little bowls for housemade sorbet. I angled a…

SANTA CLARA, California :Cadence Design Systems unveiled on Wednesday a new supercomputer based on chips from Nvidia that will speed up its software offerings for everything from designing chips to jets to new drugs.Cadence supplies software that firms such as Apple use to design chips. But over the past several years, it has expanded to help customers such as Boom, a startup making supersonic jets, design their planes, or biotech startup Treeline Biosciences find new drug candidates by simulating molecules.Its software was originally written with central processor units, or CPUs, in mind during an era when PCs were common. On…

[TOKYO] Japan’s service sector activity returned to growth in April after stagnating the previous month, helped by improved orders, a stark contrast to continued weakness in manufacturing, a business survey showed on Wednesday.The final au Jibun Bank Japan Services purchasing managers’ index (PMI) rose to 52.4 in April from the neutral 50.0 level in March. The figure also overshot the flash reading of 52.2.A reading above 50.0 signals growth in activity, while a figure below that level points to contraction.The data showed “a fresh increase in service sector activity offset a further decline in factory production in April, to help…

Police have not kept up with the risks posed to the public by social media, a review of the response to last summer’s UK riots has found. Mosques and hotels housing migrants were among the targets of violence which erupted after Axel Rudakubana stabbed three girls to death at a Taylor Swift-themed dance class in Southport in July. The police inspectorate found no conclusive evidence the disorder was co-ordinated by extremist groups but said it was mostly incited by “disaffected individuals, influencers or groups” online. A report published on Wednesday said most of those involved were local and the violence…

Rafael Nadal insists he can’t know for sure whether any match at Roland Garros might be his very last at a place he loves, a place he is loved.For now, if he keeps winning and keeps performing the way he did during his monumental quarterfinal victory over longtime rival Novak Djokovic, Nadal will have more chances to play.With a mix of brilliant shot-making and his trademark resilience, Nadal got past the top-seeded defending French Open champion Djokovic 6-2, 4-6, 6-2, 7-6 (4) to move a step closer to his 14th championship at the clay-court Grand Slam tournament and what would…

Strait of Hormuz in the Persian Gulf.Stocktrek | Photodisc | Getty ImagesDUBAI, Unites Arab Emirates — President Donald Trump’s administration reportedly plans to announce that the U.S. will officially call the Persian Gulf the Arabian Gulf or Gulf of Arabia, a move that would be welcomed by Arab Gulf leaders and likely draw anger from Iran.The development was reported by The Associated Press, citing two unnamed U.S. officials, and is set to be timed for Trump’s Middle East visit on May 13 to 16, during which time he will make stops in Saudi Arabia, Qatar and the United Arab Emirates.The…

Dynabook is back with a trio of new business laptops. These aren’t some wild experiments or overpriced ultrabooks pretending to be workhorses. Actually, the new Portégé X40-M Series 2, along with the Tecra A40-M and Tecra A60-M Series 2, bring practical hardware, solid build quality, and real Copilot integration to people who need to get stuff done. All three models come powered by Intel’s Core Ultra Series 2 chips, including options like the 225U and 265H. That means you’re getting a wide range of choices depending on whether you value battery life or processing power. You can load them up…

The vice chair of the National Transportation Safety Board, who was appointed to the post by President Joe Biden late last year, has been fired, a senior White House official confirmed to CBS News.Alvin Brown’s ouster happened Tuesday. Brown, a Democrat who was the first African American elected mayor of Jacksonville, Florida, was appointed by Biden as the NTSB’s vice chair in December. Brown joined the five-person board earlier in 2024, being sworn in on the same day as Todd Inman, a Republican who was also appointed by Biden.The NTSB is an independent agency with board members appointed by the…