Federal Reserve Chairman Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy on July 31, 2024 in Washington, USA. Kevin Mohatt | Reuters The Federal Reserve has forecast a further half-percentage point rate cut by the end of 2024, and the central bank […]
Anne Wojcicki, co-founder and CEO of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, USA, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | All seven independent directors of 23andMe resigned from the company’s board on Tuesday. CEO Anne Wojcicki said in a memo to employees that she was “surprised […]
A trader works on the trading floor of the New York Stock Exchange following the Federal Reserve’s interest rate announcement on September 18, 2024. Andrew Kelly | Reuters U.S. stock futures rose on Wednesday evening as traders digested the Federal Reserve’s earlier decision to cut interest rates by half a percentage point. Dow Jones Industrial […]
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy on September 18, 2024 in Washington, USA. Tom Brenner | Reuters Federal Reserve Chairman Jerome Powell said Wednesday’s larger-than-expected interest rate cut could have only a limited impact on the race […]
Every weekday, CNBC Investing Club with Jim Cramer publishes the Homestretch – an actionable afternoon update, just in time for the final hour of trading on Wall Street. Markets: The Federal Reserve cut the Fed’s overnight interest rate by 50 basis points on Wednesday afternoon, to a range between 4.75% and 5%. The Fed was […]
Alaska Airlines completed the acquisition of Hawaiian Airlinesthe companies said Wednesday, a day after the U.S. Department of Transportation approved the deal on the condition that the airlines maintain the value of their frequent flyer programs and keep several key routes. The merger agreement between the two airlines was reviewed by the US Department of […]
Adrian Wojnarowski looks on before a game at the Kaseya Center in Miami on June 7, 2023. National Basketball Association | Getty Images ESPNStar NBA insider Adrian Wojnarowski is retiring from the company, according to a post on his X-account on Wednesday morning. The longtime sports reporter will accept a position at his alma mater, […]
Americans with record credit card debt carry their debt longer Will the federal government’s potential interest rate cuts help Americans pay off their credit card debt in the second half of 2024? Scripps News This week, interest rates are expected to fall for the first time in four years, but experts say this is unlikely […]
A house with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Post | Newsday | Getty Images Mortgage rates fell again last week, and expectations that they could fall even further caused demand for mortgage loans, especially for refinancing, to suddenly skyrocket. The Federal Reserve is expected to make […]
Intel CEO Pat Gelsinger delivers a speech during Computex 2024 in Taipei at the Taipei Nangang Exhibition Center on June 4, 2024. AFP | Getty Images The Biden administration awarded on Monday Intel up to an additional three billion dollars under the CHIPS and Science Act for the “Secure Enclave” program, which is intended to […]
