Month: October 2024
Fed officials were divided on whether to cut rates by half a point in September, minutes show
WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over the labor market, according to minutes released Wednesday. The meeting summary detailed reasons that policymakers […]
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Justice Department, FTC warn consumers of fraud, price gouging risks ahead of Hurricane Milton
People buy items ahead of Hurricane Milton expected landfall in Bradenton, Florida on October 9, 2024. Miguel J. Rodriguez Carrillo | AFP | Getty Images As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies […]
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Harris’ political operation crosses $1 billion raised for the 2024 election
Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Geoff Robins | Afp | Getty Images Vice President Kamala Harris’ presidential campaign operation crossed the $1 billion fundraising threshold in September, two months after she took over as the Democratic Party’s […]
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
Lucy Lambriex | Stone | Getty Images As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate […]
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Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
Check out the companies making headlines in midday trading. Astera Labs – Shares gained more than 16% after the company, which sells data center connectivity chips, debuted new fabric switches for artificial intelligence . Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the […]
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All eyes are on Nvidia milestone into Wednesday’s close
Nvidia is the stock to watch heading into Wednesday’s close. The mega-cap tech stock that is everyone’s artificial intelligence barometer is nearing a milestone with its recent rally. The market darling, which could post a sixth straight day of gains Wednesday, is nearing its all-time closing high of $135.58 that it reached in late June. […]
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5 things to know before the stock market opens Wednesday
Here are five key things investors need to know to start the trading day: 1. Landing zone Stocks climbed Tuesday as investors look for signs of a so-called soft landing — the Federal Reserve reining in inflation without damaging the economy. The S&P 500 rose nearly 1% for the day, while the Nasdaq Composite climbed […]
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Bridgit Mendler’s space startup Northwood passes first test, connecting prototype antenna to Planet satellites
The startup’s co-founders, from left: Chief Technology Officer Griffin Cleverly, CEO Bridgit Mendler and Head of Software Shaurya Luthra. Northwood Space Northwood Space, the startup led by former television star and singer Bridgit Mendler, passed its first major development test last week by connecting with Planet Labs imagery satellites in orbit. “We’re building this global […]
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Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Picture Alliance | Picture Alliance | Getty Images Sweden’s Northvolt on Wednesday said the head of its main plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with […]
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Here’s what investors need to know after GM’s capital markets day
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — Wall Street reacted to General Motors’ investor day on Tuesday with a shrug. Executives used the Detroit automaker’s event to focus on broad, near-term updates to the company’s operations in […]
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