Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut
U.S. stocks roared higher Thursday, with the Dow Jones Industrial Average topping the 42,000 milestone for the first time and the S&P 500 also surging to a record close, a day after Federal Reserve Chair Jerome Powell repeatedly used variations on the word “recalibrate” to describe the decision to deliver an extra-large,
Dow, S&P 500 Hit Records After Rate Cut
The rally was a delayed yet emphatic response to the central bank’s decision Wednesday to cut interest rates by a half percentage point that pushed the S&P 500 to its first reco
Stock Market Today: Wall Street Poised to Break Records After Fed's First Rate Cut in Over 4 Years
Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a
After Fed rate cut, the next 6 months will be crucial for investors. Here’s why.
The Federal Reserve hit the ground running on Wednesday with a big rate cut to kick off its easing cycle, signaling its seriousness about wanting to fend off any further deterioration in the labor market.
Dollar edges lower in choppy trading after Fed rate cut
The U.S. dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut as well as the switch to an easing monetary policy stance delivered by the Federal Reserve.
Stock market today: Wall Street joins a global market rally after the Fed's big rate cut
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early trading Thursday and above its all-time closing high set in July.
Fed meeting today: Wall Street on edge over historic interest-rate decision
The U.S. economy is on track to expand at a 2% pace in 2024 and repeat that level of growth for the next three years, the Fed predicted. The Fed slightly lowered its estimate for gross domestic product this year to 2.
Dollar edges lower after Fed goes big on rate cut, Aussie jumps
The U.S. dollar edged lower on Thursday after a larger than usual interest rate cut from the U.S. Federal Reserve that had been priced in by markets. The Fed on Wednesday kicked off its monetary easin
Stock market today: Wall Street leaps toward records as jubilation sweeps markets worldwide
Wall Street is rising toward records as a delayed reaction of jubilation sweeps markets following the Federal Reserve’s big cut to interest rates
A Fed rate cut with the stock market at a record high? Here’s what history says.
Do rate cuts with the stock market at or near all-time highs provide bulls additional fuel or do they portend trouble ahead? Dow Jones Market Data ran back the tape.
China welcomes more Indian investments, ambassador says
China would welcome more Indian investments and commodities in the Chinese market and also hopes that India will provide a ...
Landslides Swallowed Up Houses in California. Owners Still Have to Pay.
Since June, two houses nearby have partially collapsed due to landslides and have been deemed unsafe; others were abandoned ...
Nike is getting a new CEO as struggles mount
Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant ...
Asian shares extend rally, yen edges higher as BOJ holds line
By Stella Qiu SYDNEY (Reuters) -Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest ...
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen ...
Nike CEO John Donahoe Stepping Down
Nike said John Donahoe will retire as chief executive and from the board. Elliott Hill, who retired from the sneaker maker in ...
Harris County approves $2.6 billion budget and tax rate increase for 2025
Harris County Commissioners Court on Thursday gave final approval to its financial plan for the upcoming year, including an 8 ...
Cisco's huge layoff round slams Bay Area offices, more than 800 workers cut
The huge layoff round that Cisco Systems announced in August is slamming a few Bay Area offices, according to new WARN ...
Friday's big stock stories: What's likely to move the market in the next trading session
On Thursday, the S&P 500 closed above 5,700 for the first time, while the Dow jumped above the 42,000 level. Here's what CNBC ...
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its ...