Fed Holds Rates Steady, Signals More Rate Increases Ahead

WASHINGTON—The Federal Reserve held short-term interest rates steady Thursday and offered a mostly upbeat assessment of the U.S. economy, suggesting another rate increase is likely by year-end. The Fed repeatedly emphasized the economy’s strength in a statement released after its two-day policy meeting. It offered nothing to dispel market expectations that it would deliver its…

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Appeals Court Rules Against Trump on Canceling DACA Protections

President Trump’s bid to cancel a program benefiting undocumented immigrants who came to the U.S. as children was rejected by an appeals court Thursday, setting the stage for the Supreme Court to review one of the president’s signature initiatives on immigration. The ruling, by a three-judge panel of the San Francisco-based Ninth U.S. Circuit Court…

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Chevron Stayed in Venezuela Long After Rivals Quit. It’s Having Second Thoughts.

CARACAS—For nearly a century, Chevron Corp. has weathered dictatorships, coups and nationalization drives to keep pumping oil in Venezuela. But recently, executives at the last U.S. oil major in the country have debated whether it may be time to get out, according to people familiar with their deliberations. For now, Chevron hopes to hang…

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Washington Gets Ready for Matthew Whitaker at Justice Department

WASHINGTON—Acting Attorney General Matthew Whitaker is unlikely to recuse himself from overseeing special counsel Robert Mueller’s Russia investigation, associates said, though it remains unclear how much of an impact he may have on that probe and others stemming from it. Mr. Whitaker publicly criticized the Mueller probe before arriving at the Justice Department last year…

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Justice Ruth Bader Ginsburg Is Hospitalized After Fall

WASHINGTON—Supreme Court Justice Ruth Bader Ginsburg was hospitalized Thursday after falling in her office and fracturing three ribs. The injury forced her to miss the morning’s formal investiture of the newest justice, Brett Kavanaugh, conducted before an audience that included President Trump and Senate Majority Leader Mitch McConnell (R., Ky.). The court said Justice Ginsburg,…

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