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Tag: cut

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 […]

Federal Reserve governor explains dissent from 50 basis point rate cut

Brian Jacobson, chief economist at Annex Wealth Management, talks to “Making Money” about immigration's impact on the U.S. economy. Federal Reserve Governor Michelle Bowman On Friday, it released a statement explaining its decision to go against the central bank's decision to cut interest rates by 50 basis points. The Federal Open Market Committee (FOMC), the […]

The Fed finally cut interest rates — but let's not get too excited just yet 

This week, the Federal Reserve Announced Cut the federal funds rate that it charges member banks by 50 basis points (0.5 percentage points). The expected effect would be that banks, with their reduced costs, would be able to charge customers lower interest rates on loans, and the cost of capital would fall, making capital more […]

Stocks Are Mixed as Euphoria Over Big Fed Cut Ebbs: Markets Wrap – Yahoo Finance

(Bloomberg) — European stocks fell and U.S. stock futures dropped on Friday as bad news on corporate earnings dampened euphoria over the trajectory of interest rates. Most read articles on Bloomberg Europe's Stoxx 600 stock index slumped 8.4% after Mercedes-Benz Group Inc. cut its earnings outlook due to weak sales in China. U.S. futures fell […]