The Fed Will Cut Interest Rates At Least Twice in 2025, According to Wall Street. Here's What It Means for Stocks The soaring inflation from the pandemic is now in the rearview mirror, so the Federal Reserve is reversing its interest rate hikes from 2022 and 2023. Lower rates could boost consumer spending, which ... 12/6/2024 - 8:27 pm | View Link
Why Powell and the Fed should pause interest-rate cuts in December The conventional wisdom among economists and traders is that the Federal Reserve is going to cut its benchmark interest rate by another quarter of a percentage point on Dec. 18, and then pause at its ... 12/6/2024 - 6:57 am | View Link
Cleveland Fed's Hammack favors slower pace of rate cuts than she did in September Cleveland Fed President Beth Hammack favors taking a slow pace in adjusting the Federal Reserve's policy rate, she said Friday at the City Club of Cleveland, according to prepared text. The strength ... 12/6/2024 - 4:00 am | View Link
Hammack Says Fed ‘At or Near’ Point of Slowing Rate Cuts Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are “at or near” the point where the central bank should slow the pace of interest-rate reductions, citing a strong economy ... 12/6/2024 - 4:00 am | View Link
Fed's Hammack says time to slow rate cuts may have arrived In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as ... 12/6/2024 - 3:04 am | View Link
One of the people associated with the account has apologized for making sexually inappropriate comments.
A vague apology from the social media account behind Jim Henson’s Muppet History fan page has unraveled one of the year’s most unexpected social media scandals.
HALEU is uranium enriched to between 5% and 20%, which backers say has the potential to make new high-tech reactors more efficient.
Former SpaceX engineer Scott Nolan, CEO of startup General Matter, is on a mission to help end Russia’s monopoly on a type of more-enriched nuclear fuel by producing it at commercial scale in the United States and slashing its costs.
Last week’s strikes at VW’s four carmaking factories are estimated to have cost Volkswagen just under 40,000 euros ($42,308) per minute.
Volkswagen workers said its management had one last chance to compromise on Monday or risk strikes on a scale not previously seen by the German carmaker, as talks began in a bitter standoff over wage cuts and plant closures.
Reddit’s RDDT stock jumped 4% by mid-afternoon on Monday in response to the new AI search tool.
Reddit has spent the past six months blocking data scrapers from artificial intelligence companies that refused to pay for access to its vast content database. Now, the social media site has rolled out a new tool of its own that utilizes AI to search the site.
They said that Macy’s shares are undervalued and that its real estate is worth between $5 billion and $9 billion.
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday.
As they make their way through courts across the metro area, a recent crop of class-action lawsuits against local apartment landlords could change how they bill tenants.
The litigation has been made possible by tenant-friendly legislation from the Colorado General Assembly in the past five years, much of it championed by Rep.