Breaking News: Economy
Fed holds rates steady, indicates only one cut coming this year
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in […]
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Fed meeting live updates: All eyes on central bank’s new rate forecast
All eyes are on Fed’s dot plot as traders look for clarity on rate cut path Traders will have their focus on the Federal Reserve’s dot plot of interest rate expectations as the central bank concludes its policy meeting. The dot plot, a quarterly report of where policymakers see the fed funds rate heading, is […]
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Stocks making the biggest moves midday: Oracle, Apple, Rentokil Initial and more
Check out the companies making headlines in midday trading: Oracle — Shares of the software maker surged more than 12% to an all-time high after the database management company announced cloud deals with Google and OpenAI. Oracle said it would bring its database to Google’s cloud in November. It is also partnering with Microsoft and […]
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Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. CPI, a broad inflation gauge that measures a basket of goods and services costs across the U.S. economy, held flat on the month though it increased 3.3% from a year […]
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British isles GDP flatlines as PM Sunak pins election marketing campaign on financial state
New high increase tower blocks below building and outdated towers in Rotherhithe and outside of to Bermodsey witnessed more than the River Thames on 16th January 2024 in London, United Kingdom. Mike Kemp | In Photographs | Getty Photographs LONDON — U.K. economic growth floor to a halt in April, according to flash figures released […]
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Stocks generating the most significant moves just after several hours: Oracle, Rentokil, Rubrik and much more
Verify out the providers making headlines in immediately after-several hours investing. Oracle — The tech company’s shares jumped virtually 9% just after it introduced cloud offers with Google and OpenAI, regardless of putting up a overlook on fiscal fourth-quarter benefits. Oracle posted altered earnings of $1.63 per share on income of $14.29 billion, while analysts […]
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Fed assembly and inflation report both equally strike Wednesday, and the influence could be big
Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Exploration and Stats, Board of Governors of the Federal Reserve System in Washington D.C., United States on November 08, 2023. (Photo by Celal Gunes/Anadolu via Getty Pictures) Celal Gunes | Anadolu | Getty Photographs Wednesday is […]
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Stocks making the biggest moves midday: Affirm, General Motors, Apple and more
Check out the companies making headlines in midday trading. Affirm Holdings – The stock popped nearly 7% following the announcement that its buy now, pay later loans will be embedded into Apple Pay as an option for purchases. U.S. Apple Pay users on iPhones and iPads will be able to use the option later this […]
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Baltimore crucial transport channel entirely reopens just after Francis Scott Key Bridge collapse
Salvage crews keep on to get the job done on getting rid of particles from the Francis Scott Essential Bridge collapse just after it was struck by the container ship Dali, now docked at Seagirt Maritime Terminal in Baltimore. (Jerry Jackson/Baltimore Solar/Tribune Information Service by way of Getty Visuals) Jerry Jackson | Baltimore Sunlight | […]
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UK unemployment nears three-year high, wage growth firm as election looms
A staff wanted sign in the window of a restaurant in the Soho district of London, U.K., on Tuesday, Sept. 7, 2021. Bloomberg | Bloomberg | Getty Images LONDON — U.K. unemployment unexpectedly rose to its highest level in two and a half years, data showed Tuesday, amid a heated general election campaign in which […]
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