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US Fed Chair sees 'further disinflation' in economy
US Fed Chair sees 'further disinflation' in economy

The United States is set to see inflation cool further towards policymakers' target, Federal Reserve chair Jerome Powell said Monday, with interest rates likely to come down over time, too. Powell's speech comes more than a week after the Federal Reserve slashed interest rates by half a percentage point, marking its first reduction since 2020.

Epic Games sues Google and Samsung over app store
Epic Games sues Google and Samsung over app store

"Fortnite"-maker Epic Games is suing tech giants Google and Samsung, it announced Monday, accusing them of illegally colluding to block competition on Samsung devices. Epic, the company behind the hugely popular "Fortnite" video game, is asking the court to prohibit what it calls anti-competitive conduct and mandate that Samsung remove Auto Blocker as the default setting on its devices.

Officials see no shortages from likely US port strike
Officials see no shortages from likely US port strike

New York officials said on Monday they were prepared for a likely US dockworkers strike, reassuring consumers that they would not lose access to food and other essential goods. "We don't anticipate shortages of essential goods anytime soon," said state Governor Kathy Hochul.