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Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut

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Risk of downturn not heightened following rate decision, Powell saysFederal Reserve Chair Jerome Powell does not see the risk of an economic downturn being...
World

What a Fed rate cut could mean for the world

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The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite...
Bussiness

DJT shares soar as Trump says ‘I’m not selling’ stake

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Former U.S. President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos...
Bussiness

S&P 500 rises, Nasdaq closes 2% higher in rebound from inflation report rout: Live updates

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Traders work on the floor of the New York Stock Exchange on Aug. 14, 2024.Spencer Platt | Getty ImagesStocks rose Wednesday in a bout...
Bussiness

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

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David Solomon, CEO of Goldman Sachs, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Aug....
Bussiness

S&P 500 rises for a second straight day as investors try to shake September doldrums: Live updates

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S&P 500, Nasdaq close Tuesday higherStocks wavered throughout Tuesday's trading session, with two of the three major U.S. indexes ending in the green.The S&P 500 gained...
Bussiness

Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst

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Jakub Porzycki | Nurphoto | Getty ImagesThe nearly 30% drop in shares of Chinese online retailer PDD Holdings is "too much of a correction,"...
Bussiness

Europe stocks close mixed as investors weigh risk of wider Middle East conflict

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The Euronext NV stock exchange in Paris.Nathan Laine | Bloomberg | Getty ImagesLONDON — European stocks closed in mixed territory Monday, as traders digested...
Bussiness

Dow closes at record high, while tech stocks drag down S&P and Nasdaq

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Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024.Angela Weiss | AFP | Getty ImagesThe...
Bussiness

Bayer shares soar 11% after key U.S. legal win against Roundup cancer claims

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CHICAGO, ILLINOIS - MAY 14: Roundup weed killing products are offered for sale at a home improvement store on May 14, 2019 in Chicago,...
Shopping

These 3 retail stocks are set up to win this back-to-school shopping season

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Backpacks, Stanley water bottles and No. 2 pencils. This year's back-to-school must-haves are a mix of the new and the (very) old. But the...
Jobs

What Google’s antitrust defeat means for the search giant and its partner Apple

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The antitrust ruling against Google may not be the lose-lose scenario for the search giant and its key partner Apple that some are predicting....
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