Headlines

Fed lowers benchmark intetest rate

Amid a softer labor market, the United States' Federal Reserve (Fed) voted Wednesday to cut its benchmark interest rate by 0.25 basis points, moving the target range to 3.75%–4%. This marks the lowest level in three years and continues the easing cycle dating back to last month.

Melissa causes havoc in Jamaica and Cuba

Hurricane Melissa hit Cuba's eastern provinces overnight, leaving a wake of widespread destruction, cutting off communities, flooding homes, and causing severe damage to critical infrastructure. The powerful storm eventually weakened but continued to generate unstable