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Capital Markets

Fed lifts rates, sees faster pace of hikes in Trump’s first year

The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 percent was widely expected. But

Sunken Gold Untouched for 157 Years Off U.S. Lures Hunter

 Treasure-hunter Bob Evans has spent half his life dreaming about the SS Central America, a pre-Civil War steamship decaying in the lightless depths off South Carolina. Now he’s returning to the shipwreck after 23 years. Evans, 60, set out this week with deep-ocean explorer Odyssey Marine Exploration Inc. (OMEX) to revisit the remains of the