Stocks jump Thursday after Federal Reserve’s jumbo-sized rate cut – CNN
new york CNN — Stocks surged Thursday morning as investors welcomed the Federal Reserve's surprise half-point interest rate cut. The Dow rose 537 points, or 1.3%, the S&P 500 rose 1.6%, surpassing the 5,700 level, and the Nasdaq Composite rose 2.3%. Tech stocks surged: Nvidia shares rose 4%, Tesla shares rose 2.6%, Meta Platforms shares […]
US House fails to pass federal funding bill as shutdown deadline nears | House of Representatives
A government funding package pushed by Republican House Speaker Mike Johnson failed to pass Wednesday. There are less than two weeks left to avoid a shutdown starting October 1st. The final vote is 202 to 220, 14 Except for House Republicans three House Democrats opposed the bill. Two Republicans voted “no.” The bill was not […]
Federal Reserve Meets, Decides To Cut Interest Rates Before 2024 Election
US Federal Reserve Chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024. The US Federal Reserve cut its key lending rate by half a percentage point on Wednesday in its first interest rate cut since the pandemic, sharply lowering borrowing costs ahead of November's presidential election. (Photo by Mandel Ngan/AFP) […]
Federal Reserve cuts US interest rates for the first time in four years | Federal Reserve
Two line graphs are overlaid: the top line in red represents US interest rates, and the bottom line in green represents US inflation. The red line rises and levels off at the end of 2023, while the green line peaks around 2022 and then levels off. The Federal Reserve on Wednesday cut interest rates for […]
Federal decision on Nippon-US Steel takeover to be pushed back
Nippon Steel Corp., Japan's largest steelmaker, is asking for its takeover bid for U.S. Steel to be resubmitted, a person familiar with the matter told The Hill, which would delay a decision on approving the deal until after the presidential election. The Committee on Foreign Investment in the United States (CFIUS), an interagency group that […]
Federal Reserve cuts interest rates for first time in 4 years
The Wall Street Journal's chief economics reporter, Nick Timiraos, predicts the Federal Reserve's potential interest rate cut and its likely impact on the U.S. economy. of Federal Reserve System The central bank announced a much-needed interest rate cut on Wednesday, slashing borrowing costs following progress in battling inflation, slashing its policy rate by 50 basis […]
Federal Reserve Delivers What Could Be A Huge Gift To Kamala Harris Just Before Election
The Federal Reserve announced on Wednesday that it would cut its target range for the federal funds rate by 0.50 percentage point, a move that could boost economic growth and ultimately boost Vice President Kamala Harris' chances of being elected. The Fed's decision came after inflation fell to 2.5% last month and job growth in […]
Stock market today: Global shares trade mixed ahead of Federal Reserve rate decision – Yahoo Finance
TOKYO (AP) — Global stock markets were mixed on Wednesday as investors awaited an expected economic slowdown. Interest rate cuts This is the first time in more than four years that the Federal Reserve has done so. France's CAC 40 was down 0.2% at 7,474.92 at the open, while Germany's DAX was down just under […]
Not in Best Interest to Have ‘Same Federal Agencies’ Prosecute Donald Trump and Investigate Assassination Attempts
Both Florida Governor Ron DeSantis (R) and Florida Attorney General Ashley Moody (R) have questioned the wisdom of having the federal government, which is seeking to prosecute former President Donald Trump, investigate an assassination attempt on him. Governor DeSantis announced on Tuesday that he would sign an executive order to refer the investigation into the […]
Ohio AG eyes ‘creative’ path to get ‘mishandled’ Springfield migrant crisis in front of federal judge
Ohio's Republican attorney general slammed the federal government over the worsening migrant crisis in Springfield, Ohio, and said his office has begun the process of taking the issue to federal court. “I've directed my staff to look at the law and get creative about how we can get a federal judge to reconsider this situation,” […]