Asia: Markets rally as Fed cut hopes Trump trade war fears
STOCKS jumped on Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. After…
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JD Vance Freaks Out After Defense of Tom Homan Bribe Is Cut Off on Air
The Trump administration is flailing to protect its border czar, Tom Homan. Undercover federal agents handed Homan $50,000 via a paper Cava takeout bag in a 2024 sting operation, according…
Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many
Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you…
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial intelligence reshape the country’s US$280 billion IT…
The Fed released the minutes from its September rate cut meeting. Here’s what they reveal
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, according to minutes from last month’s meeting…
Fed minutes show caution over inflation even as officials cut rates
Federal funds futures contracts suggest investors see rate cuts likely in October and December US Federal Reserve officials showed a willingness to lower interest rates further this year,…
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle New Zealand’s central bank cut interest rates by 50 basis points and said that…
The Trump administration may cut funding for two major direct-air-capture plants
The list features a "latest status" column, which includes the word "terminate" next to the roughly $50 million award amounts for each project. Those line up with the initial tranche of…
Europe: Stocks close at record high on tech rally, hopes for Fed rate cut
Investors are also watching any developments related to the US government shutdown European shares closed at a record high for a second session on Thursday (Oct 2), driven by a rally in…
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut around a quarter of its workforce in its electrified…
$4B homebuilder KB Home: We may have cut Florida home prices too much
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. As ResiClub has closely documented, Florida has been the epicenter of…
New Thai central bank chief’s arrival fuels bets of larger cut
The leadership transition at the bank also comes as the country sees its third government change in just over two years When Vitai Ratanakorn takes over on Wednesday (Oct 1) as the new…
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand job cuts on Monday (Sep 29) at the airline’s…
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of…
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900 jobs in a US$1 billion restructuring effort as…
Gary Shteyngart’s Tragicomedy of the Penis in “The Guy Who Got Cut Wrong”
Watch “The Guy Who Got Cut Wrong.” Gary Shteyngart was just seven years old when his family emigrated from the Soviet Union and settled in Queens. He remembers the transition as one of…
Global funds cut holdings of Chinese bonds to lowest since 2021
Overseas investors also cut their exposure to negotiable certificate of deposits in August Overseas funds offloaded Chinese sovereign bonds in August, cutting holdings to the lowest in…
Hugh Bonneville Names 'Least Favourite' Line In New "Downton Abbey" Film: 'I Hoped It Would Be Cut'
The Paddington star had a surprising reason for wanting this line in "Downton Abbey: The Grand Finale" to be left on the cutting room floor. View Entire Post › Source link
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first interest-rate cut by the US Federal Reserve would…
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal Reserve cut interest rates for the first time this year.…
Europe: Chip-led technology rally drive Stoxx 600 higher after Fed rate cut
EUROPEAN shares ended on Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the US Federal Reserve’s policy-easing cycle, while SIG slumped after a…
US: Stocks end at record highs after Fed rate cut, Nvidia-Intel deal
US EQUITY indices finished at fresh records on Thursday following the Federal Reserve’s first interest rate cut of 2025 while Intel surged on Nvidia’s announcement it would take a stake in…
Fed’s quarter-point rate cut does not signal a sustained easing cycle: analysts
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets fluctuated on Thursday (Sep 18) amid mixed…
Gold slips as US dollar gains after Fed rate cut, Powell comments
Gold prices extended losses on Thursday (Sep 18) due to an uptick in the US dollar after the US Federal Reserve cut interest rates by a quarter of a percentage point, as expected, and…