BANGKOK (AP) — Shares skidded Thursday in Asia after U.S. stocks tumbled to one of their worst days of the year when the Federal Reserve hinted it may deliver fewer rate cuts in 2025 than earlier thought. The Fed cut its key rate by a quarter of a percentage point to between 4.25% and 4.5%,…
By Lewis Krauskopf and Suzanne McGee NEW YORK (Reuters) – The rally in U.S. stocks is encountering a fresh hurdle — a potentially problematic rise in Treasury yields as the Federal Reserve signals fewer interest rate cuts for 2025. The central bank’s rate outlook on Wednesday included only two cuts in the coming year, rather…
The minutes from the Federal Reserve’s September meeting, released Wednesday, offer additional insight into the central bank’s decision to cut its benchmark rate by 50 basis points. Alphabet (GOOG, GOOGL) shares are slipping after the Justice Department indicated it may want to break Google up. KinderCare Learning Companies (KLC) saw its stock rise in its…
(Bloomberg) — Mainland Chinese equities led losses in the region on Wednesday after weak economic data and as Beijing refused to commit to more economic stimulus. Most Read from Bloomberg The benchmark CSI 300 Index fell as much as 5.1% within minutes of opening, but pared some of its losses. That erased a lot of…
HONG KONG (AP) — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain. U.S. futures and oil prices were higher. Chinese stocks got a lift after the central bank lowered its 14-day reverse repurchase rate to 1.85% from 1.95% on Monday…