The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.
Read More Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
Category: Business
Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.
Read More Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
Wall St subdued as investors await Fed decision with bated breath
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath
Kroger-Albertson’s US anti-trust trial to end but other legal blocks loom
The trial block Kroger’s bid to buy rival grocer Albertsons will conclude on Tuesday, but the deal’s legal challenges have just begun.
Read More Kroger-Albertson’s US anti-trust trial to end but other legal blocks loom
Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike including considering temporary furloughs for many employees.
Read More Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
US import prices post largest drop in eight months
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
Read More US import prices post largest drop in eight months