Businesses still have time, but not a lot, to claim their part of a $5.5 billion class-action settlement stemming from Visa and Mastercard’s alleged fee overcharges, attorneys said. The deadline to file a claim is Feb. 4, extended from Aug. 30. Any nonprofit or business is eligible to file a claim if it accepted Visa

The Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September. The central bank’s latest move leaves its benchmark lending rate at a range of 4.25%-4.5%, a two-year low. The decision to cut was not unanimous, is an attempt to ease

• The Federal Reserve cut interest rates by a quarter point Wednesday, but projected just two rate cuts in 2025, down from its original forecast for four. • That sent markets into a tailspin, with the Dow falling more than 1,100 points, or 2%. The S&P 500 was 1.9% lower and the Nasdaq fell 2.5%.

[HEADLINE] Businesses Have Limited Time to Claim $5.5 Billion Visa and Mastercard Settlement: Implications for US Merchants [EXECUTIVE SUMMARY] – US businesses have until February 4 to file a claim in a $5.5 billion class-action settlement related to alleged fee overcharges by Visa and Mastercard. – The settlement stems from a long-running antitrust case where

[HEADLINE] Federal Reserve Cuts Interest Rates for the Third Time, Signaling Confidence in US Economy [EXECUTIVE SUMMARY] – The Federal Reserve has announced its third consecutive rate cut, lowering borrowing costs to support the US economy. – The decision reflects the Fed’s confidence in the resilience of the US economy and its ability to withstand

[HEADLINE] Federal Reserve Cuts Interest Rates, Sparks Market Volatility: Implications for the US Economy and Labor Market [EXECUTIVE SUMMARY] – The Federal Reserve’s decision to cut interest rates by a quarter point and revise its projected rate cuts for 2025 has triggered a sharp decline in the US stock market. – This move raises concerns