Federal Reserve cuts interest rates by a quarter point

Federal Reserve cuts interest rates by a quarter point


Key Points
  • The Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%.
  • The vote was unanimous. Fed officials have justified the easing mode for policy as they view supporting employment becoming at least as much of a priority as arresting inflation.



Source

Stocks making the biggest moves after hours: Intel, Deckers, Boston Beer and more
Finance

Stocks making the biggest moves after hours: Intel, Deckers, Boston Beer and more

Check out the companies making headlines in after-hours trading. Intel – Shares of the chipmaker inched up less than 1% in extended trading. That’s after the company’s second-quarter revenue of $12.86 billion topped the $11.92 billion that analysts surveyed by LSEG were expecting for the period. The company’s third-quarter revenue guidance also surpassed analyst estimates. […]

Read More
Stocks making the biggest moves midday: Tesla, IBM, Union Pacific, American Eagle Outfitters and more
Finance

Stocks making the biggest moves midday: Tesla, IBM, Union Pacific, American Eagle Outfitters and more

Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less […]

Read More
Stocks making the biggest moves premarket: Chipotle, Tesla, ServiceNow, Las Vegas Sands and more
Finance

Stocks making the biggest moves premarket: Chipotle, Tesla, ServiceNow, Las Vegas Sands and more

Check out the companies making headlines in premarket trading. Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%. Dow Inc. — The chemical company’s stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents […]

Read More