US stock futures held steady on Tuesday after another record-setting day, as Wall Street waited for the first speech from Chair Jerome Powell since the Federal Reserve started cutting interest rates again. Dow Jones Industrial Average futures (YM=F) nudged up 0.2%. Meanwhile, contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) both…
Hong Kong’s homebuyers defied a No 3 typhoon signal to snap up apartments during two property sales on Friday, entering the market after commercial banks lowered their prime lending rates a day earlier following the first rate cut by the local monetary authority. New World sold 115 of the 120 units in the House Muse…
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 benchmark Hang Seng index surpassed the 27,000 mark for the first time since July 2021, before edging down 0.18% by midday. (EPA Images pic) HONG KONG: China stocks extended gains to touch another 10-year high today, as domestic artificial intelligence (AI) chip-related developments and a report that local tech giants were banned from buying…
By Brijesh Patel (Reuters) – Gold prices extended losses on Thursday as the dollar firmed after the U.S. Federal Reserve cut interest rates by an expected quarter of a percentage point and adopted a measured rhetoric on further policy easing. Spot gold dipped 0.1% to $3,655.10 per ounce, as of 0454 GMT, after hitting a…
Federal Reserve Chair Jerome Powell takes questions from reporters during a news conference following a two-day meeting of the Federal Open Market Committee at the Federal Reserve on Sept. 17, 2025 in Washington, DC. Chip Somodevilla | Getty Images The U.S. Federal Reserve on Wednesday stateside cut interest rates by a quarter point, bringing the…
WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its…
The Federal Reserve announced Wednesday it will lower its benchmark rate by a quarter point, paving the way for relief from some of the high borrowing costs that have weighed on consumers. The federal funds rate, which is set by the Federal Open Market Committee, is the interest rate at which banks borrow and lend to one…
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder…