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…
A specialist trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 15, 2025. Brendan McDermid | Reuters Stock futures were little changed late Tuesday as traders prepared for a much-anticipated monetary policy decision and an even more important policy outlook from the Federal Reserve on Wednesday….
Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025. Daniel Heuer | Bloomberg | Getty Images The Senate is expected to vote Monday on…
The week ahead on Wall Street is largely about the Federal Reserve – not so much the widely expected interest rate cut, but what central bankers signal about the path forward. There are also two Club names holding investor days this week. But first, the Fed. According to the CME FedWatch tool, the market predicts…
A state visit always sends a buzz through the newsroom — and U.S. President Donald Trump’s trip to the U.K. next week looks set to deliver royal, political and business headlines, despite being his second such visit. U.S. President Donald Trump inspected an honour guard during a welcome ceremony at Buckingham Palace in central London…
Inflation has picked up since President Donald Trump announced new import tariffs in April, with the latest consumer price index data showing outsized increases in tariff-sensitive categories, including coffee, toys and televisions. Overall prices rose 2.9% in August from a year earlier, up from 2.7% in June and July, according to CPI data released Thursday. The…
Investors aren’t letting a little bad news bother them. Despite some unsettling developments, Wall Street roared to new records this week. Even with tariff-inducted inflation rising and growing signs of stress in the labor market, the focus now is on healthy corporate profits and aid on the way from Washington. Among the worst of it:…
Atlantide Phototravel | Corbis Documentary | Getty Images Shares of SK Hynix jumped Friday after announcing that it had finished developing HBM4, the latest generation of high-bandwidth memory seen as vital for artificial-intelligence applications. Its shares rose over 7% to hit the highest since 2000 as of 9.40 p.m. ET Wednesday. Elsewhere in Asia, markets…
Shoppers at the new H Mart during their grand opening in Westminster, CA, on Thursday, August 7, 2025. Jeff Gritchen | Medianews Group | Getty Images It was a stellar day for markets as all three major U.S. stock indexes closed at record highs on Wednesday. That’s despite a sharper-than-expected month-on-month growth in U.S. consumer…
Traders work on the floor of the New York Stock Exchange (NYSE) on September 03, 2025 in New York City. Spencer Platt | Getty Images Equities in several parts of the world have been rallying as easing inflation pressures, resilient corporate earnings and expectations for U.S. rate cuts boost investor sentiment. The MSCI All Country World…