The Federal Reserve held its benchmark federal funds rate at 3.75% to 4% on Wednesday, saying the decision supports its dual mandate. Two members, Lisa Cook and Beth Hammack, dissented because they preferred a quarter-point rate increase.
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The UK will give Ukraine a further £10 billion in economic and military support, its largest-ever package of financial backing for the country. Prime Minister Andy Burnham and the Chancellor told President Zelenskyy of the decision, announced in the Budget, calling it vital for collective security.
Chancellor John Healey delivered the UK's 2026 Budget, pitching it as a Budget for working people and British businesses of all sizes. He said it is built on fiscal discipline at a time of global uncertainty, pairing immediate action with longer-term direction for the economy.
Nelson Peltz's Trian Fund Management offered on Wednesday to buy Wendy's for about $1.4 billion and take the burger chain private. Trian, a long-term shareholder, says the struggling chain needs years of capital investment to carry out a turnaround.
Frontier Airlines said in its third-quarter report that fare revenue per passenger jumped 71%, from $39.74 to $67.82. That figure covers ticket prices alone, before add-on fees, and the higher fares have not stopped travelers from booking.
