Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to deliver another interest rate cut in December.
Read More Wall St edges higher after inflation data keeps Fed rate-cut hopes intactTag: December
France: Man Who Drugged And Raped Wife With Other Men Appears In Court, Admits ‘I Am A Rapist’
Dominique Pelicot, the man accused of continuously drugging his wife and sexually abusing her along with dozens of other men “for over 10 years,” has admitted to all charges against him, stating in court “I am a rapist.”
Read More France: Man Who Drugged And Raped Wife With Other Men Appears In Court, Admits ‘I Am A Rapist’Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters pollUS retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in MayUS retail sales tumble in January; weekly jobless claims fall
Economists cautioned the decline may be due to winter storms and technical factors.
Read More US retail sales tumble in January; weekly jobless claims fallHonda recalls 750,000 US vehicles over air bag defect
Honda said it was recalling 750,000 vehicles over a defect involving air bags which could deploy unintentionally during a crash.
Read More Honda recalls 750,000 US vehicles over air bag defect