Originally published on Wed September 18, 2013 6:28 pm
The Federal Reserve said today that it is not slowing down its monthly purchase of $85 billion in bonds.
The program is intended to stimulate a sluggish economy and the Fed was widely expected to announce that in light of a recovering economy, it was tapering the bond-buying program. Instead, it delivered a surprise that caused the markets to jump, as the Dow and the S&P closed at record highs.
Originally published on Wed September 18, 2013 3:34 pm
A judge has ruled that a Tennessee woman can name her 8-month-old son "Messiah" — a decision that overturns a ruling last month that drew international attention to the boy.
In a paternity hearing in August, Jaleesa Martin and Jawaan McCullough brought a dispute over their son's surname. Martin had given her son the name Messiah Deshawn Martin, but McCullough wanted the boy to have his last name.