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Jerome Powell

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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

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NEW YORK (AP) — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve...
Bussiness

Ozempic and booze, a CEO shooting, and Trump tariffs: Business news roundup

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More than a month before he’s set to take office, President-elect Donald Trump is already spelling trouble for the auto industry.Last week, he threatened...
Bussiness

What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000

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Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US,...
World

S&P 500’s $11 Trillion Run Shows Signs of Fatigue: Markets Wrap

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(Bloomberg) -- A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting...
Bussiness

Dow soars 1,500 points to record high in best day since 2022 after Trump election win: Live updates

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Former US President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West...
Bussiness

US Futures Drop After S&P 500 Record; SAP Tumbles: Markets Wrap

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(Bloomberg) -- US stock futures ticked lower after the S&P 500 finished with its 41st record close this year. Treasuries and the dollar steadied.Most...
Bussiness

Stock market today: US stocks nudge higher with Fed speakers, inflation in focus

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S&P Global's flash US composite PMI came in at 54.4 in September, down from 54.6 in August. Economists had expected the index, which captures...
Bussiness

5 things to know before the stock market opens Friday

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Here are five key things investors need to know to start the trading day:1. 42,000The Dow Jones Industrial Average closed above 42,000 for the...
Bussiness

5 things to know before the stock market opens Thursday

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Here are five key things investors need to know to start the trading day:1. Roller coaster rideStock markets took a volatile turn Wednesday as...
Bussiness

The stock market dipped after a historic Fed rate cut. Here’s what the experts think

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The Federal Reserve gave investors exactly what they said they wanted on Wednesday, slashing interest rates by an outsized 50 basis points—but it still...
Bussiness

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

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WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a...
Bussiness

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...
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