Fed cuts interest rates by a quarter point amid apparent split over US economy

The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to manage the US economy.The Fed chair, Jerome Powell, has emphasized unity within the Federal Open Market Committee (FOMC), the board of Fed leaders that sets interest rates. But the nine-to-three vote to lower rates to a range of 3.5% to 3.75% was divisive among the committee that tends to vote in unanimity

Leon to cut jobs and close fast food restaurants

Fast food chain Leon is planning to close restaurants and cut jobs, less than two months after it was bought back from Asda by its co-founder John Vincent.The chain said on Wednesday that it had appointed administrators to lead a restructuring programme, and it was considering how many of its 54 restaurants would need to shut. It did not say how many roles could be affected.Vincent, who founded Leon in 2004 with Henry Dimbleby, who later became a government food tsar, and chef Allegra McEvedy, bought the business back in October, four years after he sold it to the billionaire Issa brothers’ EG Group petrol forecourts business in a £100m deal.The chain has now hired advisers from Quantuma after applying for an administration order, and aims to put the business into administration as soon as possible, a process which will help it to manage debt payments as it attempts to secure its long-term future

Musk calls Doge only ‘somewhat successful’ and says he would not do it again

Elon Musk has said the aggressive federal job-cutting program he headed early in Donald Trump’s second term, known as the “department of government efficiency” (Doge), was only “a little bit successful” and he would not lead the project again.Musk said he wouldn’t want to repeat the exercise, talking on the podcast hosted by Katie Miller, a rightwing personality with a rising profile who was a Doge adviser and who is married to Stephen Miller, Donald Trump’s hardline anti-immigration deputy chief of staff.Asked whether Doge had achieved what he’d hoped, Musk said: “We were a little bit successful. We were somewhat successful.”Doge created chaos and distress in the government machine in Washington DC, and by May more than 200,000 federal workers had been laid off and roughly 75,000 had accepted buyouts as a result of purges by Musk’s external team of often-young zealots

ICE is using smartwatches to track pregnant women, even during labor: ‘She was so afraid they would take her baby’

Pregnant immigrants in ICE monitoring programs are avoiding care, fearing detention during labour and deliveryIn early September, a woman, nine months pregnant, walked into the emergency obstetrics unit of a Colorado hospital. Though the labor and delivery staff caring for her expected her to have a smooth delivery, her case presented complications almost immediately.The woman, who was born in central Asia, checked into the hospital with a smart watch on her wrist, said two hospital workers who cared for her during her labor, and whom the Guardian is not identifying to avoid exposing their hospital or patients to retaliation.The device was not an ordinary smart watch made by Apple or Samsung, but a special type that US Immigration and Custom Enforcement (ICE) had mandated the woman wear at all times, allowing the agency to track her. The device was beeping when she entered the hospital, indicating she needed to charge it, and she worried that if the battery died, ICE agents would think she was trying to disappear, the hospital workers recalled

‘Dadgummit, let’s freaking go’: 44-year-old grandfather Rivers could start for Colts

The Indianapolis Colts have not ruled out starting Philip Rivers at quarterback after luring the grandfather out of retirement amid an injury crisis.The Colts lost starter Daniel Jones for the season after he tore his achilles on Sunday, while their first-round pick in 2023, Anthony Richardson, is out with a broken orbital bone he suffered in October. With backup Riley Leonard dealing with a knee injury, the Colts turned to the 44-year-old Rivers, who retired at the end of the 2020 season. Rivers, who has been a high school coach since his retirement and recently welcomed his first grandchild, played for the Colts in his final season after a long stint with the Chargers.Colts head coach Shane Steichen is close friends with Rivers and approached him about returning to the NFL

NHL warns top players will not show up for Winter Olympics if venue is unsafe

The NHL says it is “disappointing” that the main ice hockey venue for the Winter Olympics will not be ready until the new year – and warned that its top players will not show up unless the ice is shown to be safe.The men’s and women’s tournaments are expected to be among the highlights of the 2026 Milan-Cortina Games with the NHL stars showing up for the first time since 2014.However, the buildup continues to be marred by construction delays and questions over why the rink at the Santagiulia Arena in Milan is smaller and wider than in the NHL, as well as concerns over the quality of the ice. And while the International Olympic Committee (IOC) insisted on Tuesday that everything would be ready on time, the NHL commissioner, Gary Bettman, made it clear he was not entirely happy.“The fact that the building at this point still isn’t completed is – and I won’t use any other adjectives – disappointing,” Bettman said