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The central bank's policymakers also said they expect their policies aimed at stimulating growth will remain in effect until the jobless rate drops to 6.5 percent, from the current 7.7 percent.

The International Monetary Fund issued a gloomy forecast and stock investors reacted. By the market's close, the Dow Jones industrial average had tumbled 272.58 points, or 1.6 percent

It's still too early to tell just how much the magnitude-6.0 quake will cost the region, but it comes after a drought had already made things difficult for wineries.

Wells Fargo staff secretly opened millions of unauthorized accounts to meet lofty sales targets. A class-action suit has been filed on behalf of employees who obeyed the law and failed to meet quotas.

There were 195,000 jobs added to payrolls last month, but the unemployment rate was 7.6 percent. That was unchanged from May.

Swiss tennis star Roger Federer kept his Olympic dream alive Friday, when he won the longest tennis singles match in Olympic history. He defeated Juan Del Potro of Argentina, in a semifinal played on Wimbledon's Centre Court.

Amazon's first quarter sales reached $51 billion, a 43 percent increase over last year. Its net income was $1.6 billion. Amazon also increased its annual Prime membership fee to $119 a year from $99.

The event was recently moved from North Carolina over a dispute about safety precautions such as face coverings and crowd limits.

Hong Kong leader Carrie Lam says she is postponing legislative elections slated for Sept. 6 due to a resurgence in COVID-19 cases. Critics say it will further erode the Chinese territory's autonomy.

Tune to WFIT on September 6th at 6:30 pm for Panther Football game coverage on your public radio station! A live radio broadcast of the game will be…