Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut
U.S. stocks roared higher Thursday, with the Dow Jones Industrial Average topping the 42,000 milestone for the first time and the S&P 500 also surging to a record close, a day after Federal Reserve Chair Jerome Powell repeatedly used variations on the word “recalibrate” to describe the decision to deliver an extra-large,
Dow, S&P 500 surge to record highs after Federal Reserve’s supersized rate cut
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow rose 633 points, or 1.5%, on Thursday afternoon to pass 42,000. The S&P 500 gained 2%,
Stock Market Today: Wall Street Poised to Break Records After Fed's First Rate Cut in Over 4 Years
Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a
After Fed rate cut, the next 6 months will be crucial for investors. Here’s why.
The Federal Reserve hit the ground running on Wednesday with a big rate cut to kick off its easing cycle, signaling its seriousness about wanting to fend off any further deterioration in the labor market.
5 key takeaways from the Federal Reserve's jumbo rate cut
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Dollar edges lower in choppy trading after Fed rate cut
The U.S. dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut as well as the switch to an easing monetary policy stance delivered by the Federal Reserve.
Fed meeting today: Wall Street on edge over historic interest-rate decision
The U.S. economy is on track to expand at a 2% pace in 2024 and repeat that level of growth for the next three years, the Fed predicted. The Fed slightly lowered its estimate for gross domestic product this year to 2.
Stock market today: Wall Street joins a global market rally after the Fed's big rate cut
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early trading Thursday and above its all-time closing high set in July.
Dollar edges lower after Fed goes big on rate cut, Aussie jumps
The U.S. dollar edged lower on Thursday after a larger than usual interest rate cut from the U.S. Federal Reserve that had been priced in by markets. The Fed on Wednesday kicked off its monetary easin
A Fed rate cut with the stock market at a record high? Here’s what history says.
Do rate cuts with the stock market at or near all-time highs provide bulls additional fuel or do they portend trouble ahead? Dow Jones Market Data ran back the tape.
Stock market today: Wall Street leaps toward records as jubilation sweeps markets worldwide
Wall Street is rising toward records as a delayed reaction of jubilation sweeps markets following the Federal Reserve’s big cut to interest rates
China welcomes more Indian investments, ambassador says
China would welcome more Indian investments and commodities in the Chinese market and also hopes that India will provide a ...
Amazon’s new RTO mandate is ‘a triumph of traditional management over innovative management,’ says former Google exec
Laszlo Bock, consultant and former Google senior executive, likened Andy Jassy’s demand that Amazon employees spend five days ...
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen ...
Cisco's huge layoff round slams Bay Area offices, more than 800 workers cut
The huge layoff round that Cisco Systems announced in August is slamming a few Bay Area offices, according to new WARN ...
Harris County approves $2.6 billion budget and tax rate increase for 2025
Harris County Commissioners Court on Thursday gave final approval to its financial plan for the upcoming year, including an 8 ...
China Keeps Benchmark Lending Rates Unchanged
China kept its benchmark lending rates unchanged on Friday, despite growing expectations for a cut after the U.S. Federal ...
China unexpectedly leaves benchmark lending rates unchanged after Fed's jumbo cut
The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year ...
Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO.In the past few years, Nike relied too ...
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its ...