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Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence
Rivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit
Shares of US automakers fell after Reuters reported President-elect Donald Trump plans to eliminate the $7,500 consumer tax credit for electric-vehicle purchases.
Fed does not need to 'be in a hurry' to lower rates: Powell
Federal Reserve Chair Jay Powell said the central bank does not need to be "in a hurry" to lower interest rates due to the economy’s strength, and that the Fed would be "watching carefully" to make
Powell to Speak on Interest Rates and the Economy. Look for Clues About the Fed’s Next Rate Decision.
Federal Reserve Chair Jerome Powell will headline a busy week of central-bank officials’ public remarks on Thursday. Investors and economists will be listening closely for clues about the Fed’s
Exxon laying off almost 400 workers at Irving’s Pioneer Natural Resources
Oil giant and formerly Dallas-based ExxonMobil company is cutting 397 workers from recently acquired Pioneer Natural Resources, another blow to North Texas’ shrinking oil and gas sector. The layoffs
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor
‘Not Very Good News’: Trump’s First Mention at APEC Is a Warning
For three hours on Thursday morning, Donald Trump was the elephant in the room at the Asia-Pacific Economic Cooperation as speakers danced around any direct discussion of how he would shake up the
Super Micro Stock Could Get Delisted. What to Consider If You Own the Shares.
Super Micro Computer stock could be getting delisted soon. Now, investors who own the stock have to decide whether they want to continue holding the stock. Why could Super Micro get delisted? It
General Mills is buying its fifth pet food business. Here’s why it could fetch more growth.
From an estimated $150 billion of spending in 2024, the category is expected to mushroom up to roughly $200 billion by 2030, according to estimates from Bloomberg Intelligence.
The number of American filing for jobless claims falls to lowest level in 6 months
The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels. The Labor Department reported Thursday
Trump Threatens ESG Investing That Thrived in His First Term
Now, as Trump returns to power, the movement for environmental, social and governance investing, or ESG, is in a much weaker position after years of Republican backlash and a stre
‘I handle my dad’s finances’: My father is in a nursing home and will get $100K in compensation. What should I do with it?
Dear Quentin, I handle my dad’s finances, which are held in a trust. We expect he’ll receive a worker’s compensation payout of around $100,000 in the next couple of months.
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