It finally happened. After months of pressure from President Donald Trump, the Federal Reserve eased interest rates Wednesday.

The central bank slashed the federal funds rate by a quarter-point to between 4% and 4.25%, and said it expects two more cuts by the end of the year amid concerns about a weakening labor market. In a note, Fitch Ratings’ head of U.S. economic research called the decision “lift-off” for a “decisively aggressive cutting cycle.”

For consumers, lower interest rates mean cheaper borrowing costs and a potential drop in mortgage rates. Crypto could even get a boost, as some Americans could opt for riskier assets to earn a greater yield.

ABC pulled Jimmy Kimmel Live! from the air Wednesday due to the host’s comments about conservative activist Charlie Kirk. Shortly before the Disney-owned broadcaster made the announcement, media company Nexstar, which owns a number of local ABC affiliates, said it would preempt the late-night talk show. The decision comes as Nexstar seeks FCC approval for its $6.2 billion acquisition of TEGNA, which would give it the largest share of local TV stations in the U.S.

After three failed efforts to take StubHub public, cofounder Eric Baker finally got his wish Wednesday as the online ticket marketplace began trading on the New York Stock Exchange. Based on its $23.50 per share listing price, the company is valued at $8.6 billion, giving Baker an estimated net........

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