Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow rose 633 points, or 1.5%, on Thursday afternoon to pass 42,000. The S&P 500 gained 2%,
Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work
Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable.
Asian stocks follow Wall Street's rate-cut rally higher, as BOJ stands pat
Asian stocks surged on Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates. U.S. futures and oil prices were lower.
Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates
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
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates
Asian Markets Mostly Higher Amid Fed Rate Cut
Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, as the
Oil prices rise 2% after US rate cut
Oil prices rose by nearly 2% on Thursday after the Federal Reserve's large cut in U.S. interest rates helped global benchmark Brent crude recover from its lowest in nearly three years hit last week. Brent futures rose to $74.
What impact will the Federal Reserve's rate cut have on stocks?
"The markets were crossing their fingers for a larger cut." The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank would lower its benchmark rate from a two-decade high of 5.
Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
Labour's plans to axe the U.K.'s non-dom tax regime could spark an ultra wealthy exodus, advisers and research bodies have ...
Social Security Update: Lawmakers May Force Vote to Raise Benefits for Some
The Social Security Fairness Act was proposed to reverse the rules surrounding the Windfall Elimination Provision (WEP) and ...
What Would Harris’ ‘Opportunity Economy’ Look Like?
The Big Take DC podcast explores what a Harris presidency could mean for everything from domestic taxes to global trade.
23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
All of 23andMe's independent directors resigned from its board this week, a rare move that marks the latest challenge for the ...
Trump is days away from being able to dump his Trump Media stock for a massive payday
Trump Media's lockup period ends soon, allowing Donald Trump to sell his shares if he chooses. He'd potentially earn billions ...
North Olmsted considering tax reduction to help residents. Could others follow?
North Olmsted is considering it. The city is expected to collect an additional $2.4 million next year due to the higher ...
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 ...
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 ...
Ohio students improve in English, math but still lag behind pre-pandemic levels
Ohio students have improved in recent years in English language arts and math on state school report cards, but scores remain ...