The Federal Reserve on Wednesday delivered its first rate cut since December, a move that will ripple through everything from home loans to credit cards, although not all Americans will notice the change in the same way. The Fed cut reduces its federal funds rate — what banks charge each other for short-term loans —…
U.S. stocks ended mixed on Wednesday in a choppy trading session, with the Dow ending higher after the Federal Reserve cut interest rates by a quarter percentage point as expected. However, Federal Reserve Chairman Jerome Powell suggested that the rate cut doesn’t mean the beginning of a long monetary policy easing cycle. The Nasdaq finished…
The Fed cut its benchmark interest rate. Here’s what that means for you. – CBS News Watch CBS News The Federal Reserve cut its benchmark interest rate by 0.25 percentage points on Wednesday. It’s the first rate cut this year. CBS News MoneyWatch correspondent Kelly O’Grady breaks down what it means and what to expect…
Yahoo Finance’s Jake Conley reports: Nuclear energy represents a $10 trillion potential market opportunity that could hold “the answer to the world’s power shortages,” according to a new report from Bank of America. Rising demand, combined with strong support from the Trump administration and a public narrative turning positive after years of a dour outlook…
US stocks were poised on Thursday for a bid on fresh record highs, after the Federal Reserve lowered interest rates for the first time this year and signaled that more cuts are on the way in coming months. Dow Jones Industrial Average futures (YM=F) rose 0.6%, while those on the S&P 500 (ES=F) moved roughly…
Federal Reserve Chair Jerome Powell has sounded the alarm on what many recent graduates already know—getting a job right out of college is really hard right now. Speaking at his regular press conference following the Federal Open Market Committee meeting, Powell called it “an interesting labor market.” He said people “kids coming out of college…
Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on the pace of future easing. The Hang Seng Index slipped 0.2 per cent to 26,860.61 as of noon trading break, after jumping as much as 0.6 per cent to top 27,000 points. The Hang Seng…
Some Sacramento residents on the housing hunt have hope after the Federal Reserve cut its benchmark interest rate for the first time in nine months. With the Federal Reserve cutting interest rates by a quarter of a percent, it could also lead to lower mortgage rates. Michael and Sandra Omogun are on a housing hunt….
Stock markets spiked and then immediately reversed course after the Federal Reserve lowered the federal funds rate by a quarter percentage point to 4% from 4.25% on Wednesday in a move that had been telegraphed for weeks leading up to the meeting. Newly sworn in Federal Reserve Governor Stephen I. Miran voted against the action,…
Cracker Barrel (CBRL) is set to report its quarterly results Wednesday after market close. The stock has faced a turbulent month as investors responded to backlash against its new logo and redesigns. The company has since reverted to its previous logo and paused restaurant redesigns. Now, investors are eager to hear more about how its…