Wall Street’s main indexes rose, with the S&P 500 hitting a record high, as Micron’s upbeat forecast revived the frenzy around AI.
Read More Wall St rises on AI euphoria after Micron’s upbeat forecast
Category: Business
Southwest plans to reduce service and staffing in Atlanta, union says
Southwest Airlines plans to reduce service to and from Atlanta next year, affecting some employees on the impacted routes.
Read More Southwest plans to reduce service and staffing in Atlanta, union says
US consumer confidence ebbs in September on labor market fears
U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.
Read More US consumer confidence ebbs in September on labor market fears
Alaska Airlines reports IT outage, disruption in Seattle
Alaska Airlines said it experienced an IT outage that caused significant disruption to its operations, including delayed flights.
Read More Alaska Airlines reports IT outage, disruption in Seattle
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
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
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