Biden administration gets boost from Fed rate cut
The Biden administration has touted confidence in the economy after interest rate cuts by the Federal Reserve helped spur a rise in stock prices. Markets surged last week after the Fed cut interest rates for the first time in more than four years, ushering in a new era for the economy as Democrats praised the […]
Gold prices hit record high on rate cut cheer; copper rallies on China stimulus – Investing.com
Investing.com — Gold prices hit a record high in Asian markets on Tuesday, extending their recent upward trend amid continued optimism over U.S. interest rate cuts, with attention focused this week on further signs of things to come. Among industrial metals, copper prices surged after the Chinese government announced a series of stimulus measures, raising […]
Stock rally pauses as rate cut cheer meets recession fears – Yahoo Finance
Naomi Robnick and Wayne Cole LONDON/SYDNEY (Reuters) – Global shares hovered near record highs on Monday and Wall Street futures rose cautiously ahead of a business activity survey that could confirm or call into question market expectations of another big interest rate cut from the Federal Reserve. MSCI's global stock index was stable after two […]
Gold prices hit record high as rate cut cheer persists – Investing.com
Investing.com — Gold prices hit a record high in Asian markets, benefiting from continued support for lower U.S. interest rates, while rising uncertainty ahead of a series of signals this week also drove prices higher. Last week, precious metals surged to record highs after the Federal Reserve cut interest rates and have largely maintained that […]
What made the cut in Congress’s plan to avert a shutdown — and what didn't
Congressional leaders agreed to postpone the fight over funding until spring 2025 and keep the government going past the looming Sept. 30 deadline after an earlier attempt to attach a citizenship-certified voting bill backed by President Trump failed. The House is expected to take up the bill, also known as a continuing resolution (CR), as […]
How the Fed’s jumbo interest rate cut will impact your wallet
Brian Belski, chief investment strategist at BMO Capital Markets, talks about the importance of stock selection on “The Claman Countdown.” Stocks extended their solid weekly gains as the Dow and S&P 500 held on to record highs. The rise came after the Federal Reserve cut interest rates for the first time since March 2020. A […]
Largest US asset managers cut support for climate change proposals
The three biggest U.S. asset managers reportedly scaled back shareholder support for so-called ESG proposals during the last voting period following Republican backlash over their controversial investment policies. BlackRock, State Street and Vanguard, which hold roughly 20% of all companies in the S&P 500, have backed fewer environmental, social and governance resolutions compared to last […]
Everyone Agrees the Fed Cut Was a Gift to Kamala Harris
The Fed's rate cut was a 'boon' for Harris' team Supporters of Kamala Harris and Donald Trump found something they could agree on: the Federal Reserve's half-point interest rate cut this week. Political gifts for Harris. “This is really a political move,” Trump said in an interview with Newsmax on Thursday. “Most people thought it […]
Zoom to Cut Back on Stock-Based Compensation, Joining Salesforce, Workday – Yahoo Finance
(Bloomberg) — Zoom Video Communications Inc. is following peers including Salesforce.com Inc. and Workday Inc. in scaling back its practice of paying employees with company stock, limiting its reliance on compensation packages common in the technology industry. Most read articles on Bloomberg Zoom shares are being distributed to employees at an “unsustainable” pace, CEO Eric […]
US anticipates announcement to cut back troops in Iraq next week
Two U.S. administration officials said Friday that a long-expected agreement on reducing U.S. troops in Iraq is likely to be announced next week. The deal with Iraq comes as the fight against remnants of ISIS continues in Iraq and Syria and will lead to a reduction in U.S. troops in the country. “ISIS has certainly […]