The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy. The central bank voted in a split decision to cut its benchmark interest rate to a range of 3.75% to 4.00%….
US stock futures rose on Wednesday to eye fresh records, with hopes for a China boost to Nvidia (NVDA) buoying techs in the wait for the Federal Reserve to confirm bets on an interest-rate cut. S&P 500 futures (ES=F) rose 0.2%, while those on the tech-heavy Nasdaq 100 (NQ=F) gained roughly 0.4%, following a strong…
President Trump and his team have buoyed markets in recent days with details about what they describe as a framework of a trade deal with China, which the president will look to finalize Thursday during a high-stakes summit in South Korea with Chinese President Xi Jinping. A question heading into the talks is perhaps what…
WASHINGTON — President Trump faces the most important international meeting of his second term so far on Thursday: face-to-face negotiations with Xi Jinping, who has made China a formidable economic and military challenger to the United States. The two presidents face a vast agenda during their meeting in Seoul, beginning with the two countries’ escalating trade war…
Shares of enterprise data capture company Zebra Technologies (NASDAQ:ZBRA) fell 14.1% in the morning session after investors focused on shrinking profit margins despite its third-quarter results beating profit estimates. The company met Wall Street’s revenue expectations with $1.32 billion in sales and beat profit estimates with an adjusted EPS of $3.88. Furthermore, Zebra projected fourth-quarter…
US stock futures regrouped on Tuesday on the heels of notching fresh records, as investors assessed President Trump’s trade moves in Japan as they waited for this week’s wave of potentially market-moving events. Futures on the Dow Jones Industrial Average futures (YM=F), the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) all hovered along…
US stock futures made modest gains Monday evening after Wall Street kicked off the week with record closes. Investors are in for a packed few days featuring Big Tech earnings, a Federal Reserve rate decision, and a key meeting on US-China trade. Dow Jones Industrial Average futures (YM=F) edged up roughly 0.1%, while S&P 500…
Qualcomm on Monday announced the release of a new series of artificial intelligence chips to compete with the market leader Nvidia, as the race to cash in on the massive AI datacenter buildout heats up. If successful, Qualcomm, a San Diego-based tech giant, could win a spot in the data centers powering AI as customers…
China boosted its mining and refining activity for a category of metals that includes rare earth minerals by 14% year over year through the first three quarters. Non-ferrous metal mining and dressing activity and non-ferrous metal smelting and rolling activity for the year through September grew by 14.2% and 14.6%, respectively, over the same period…
China boosted its mining and refining activity for a category of metals that includes rare earth minerals by 14% year over year through the first three quarters. Non-ferrous metal mining and dressing activity and non-ferrous metal smelting and rolling activity for the year through September grew by 14.2% and 14.6%, respectively, over the same period…