Oct 9 (Reuters) – Wall Street’s main indexes edged lower on Thursday after Federal Reserve Chair Jerome Powell offered no fresh policy signals, leaving investors to rely on older data to shape sentiment. While markets have priced in aggressive interest rate cuts on hopes that the Fed will prioritize labor market support, minutes from the…
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 7.2% in the morning session after the company narrowed its full-year 2025 delivery forecast. The company adjusted its guidance to a range of 41,500 to 43,500 vehicles. This tightened the previous outlook, which was between 40,000 and 46,000 cars, and lowered the midpoint of the forecast by…
SYDNEY (Reuters) -Australia’s central bank will be on alert to the risk that economic outlook may change, but the flow of data has been roughly in line with its expectations, its governor said on Monday. Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock said the recent rate cuts were expected to support spending…
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
Aug 19, 2025 According to a Reuters poll of market strategists, the S&P 500 is forecast to end 2025 at 6,300 points, a 2.3% decline from its recent level near record highs. This tempered outlook reflects ongoing investor caution over the economic impact of global tariffs and uncertainty surrounding Federal Reserve interest rate policy. While…