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The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes and weak global growth.The federal funds rate, which affects the cost of mortgages, credit cards and other borrowing, will now hover between 1.5% and 1.75%.It isn't clear whether the move will be enough to head off another rate cut in December, the final meeting of the year. Federal Reserve chairman Jerome Powell is set to speak at a press conference later Wednesday afternoon. 523

The electric scooter craze comes with a lot of mixed reaction across the U.S. While some cities are welcoming them, other cities, like the city of Nashville, are considering banning them.At least one person in Nashville 232

The 23-year-old man who falsely claimed to be an abducted 14-year-old has twice before made bogus claims about being a juvenile sex trafficking victim and only admitted to the hoax this time after being confronted with the results of a DNA test, authorities said in court documents.Brian Michael Rini has been charged by the FBI with making false statements, authorities announced Friday. 400

The Dow Jones Industrial Average closed the week on a sour note, giving back some of the gains it had made on three straight days in the green.The Dow closed down 915 points — a 4 percent loss — its first drop since Monday. However, the markets remained up for the week, the first week-over-week gain since February.The day of losses came despite the House passage of a .2 trillion stimulus package that the Trump administration hopes can boost the economy amid an economic slowdown caused by the coronavirus. President Donald Trump is expected to sign the bill into law this afternoon. 600

The American job market remains tight, and banks are scrambling to find people who want to work at their branches. That's why Bank of America is raising its minimum wage to an hour in 2020 — a year earlier than expected.Bank of America said Monday it would raise its minimum wage for its more than 208,000 US employees by the end of the first quarter of 2020. It previously planned to boost paychecks to an hour 432