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Fed takes ‘wait and see’ stance in interest-rate outlook
There is so much uncertainty over potential tariffs and fiscal policy, “keeping things steady looks like the prudent move.”
Fed rate decision cements 'higher for longer' rate case amid tariff uncertainty
The Federal Reserve held its benchmark lending rate steady following a two-day policy meeting in Washington, but it removed a reference to making progress on slowing inflation, which could signal a
Here's the financial impact of the Fed's pause on rate cuts
Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is hit the pause button on additional rate cuts at its Jan. 29 meeting. The Fed
Nvidia stock extends losses after report of potential additional curbs on China sales
Nvidia (NVDA) stock sank 6% Wednesday after Bloomberg reported that Trump administration officials are "exploring additional curbs" on Nvidia's chip sales to China. Bloomberg's report added that the
Tax season has begun. Here's when you'll get your refund
Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a new online tool to help taxpayers check the status of any refund they may
Federal Reserve Pauses Interest Rate Cuts—First Meeting Without A Cut Since July
The rate-setting Federal Reserve did not heed Trump’s insistence last week demanding “interest rates drop immediately.”
Elon Musk declined dinner with boss of $1.7 trillion fund that voted against his pay deal: 'Friends are as friends do'
Text messages show Elon Musk rejected a dinner invite from Nicolai Tangen, head of Norway's oil fund, and lectured him on how to be a better friend.
Microsoft’s Earnings Beat Estimates. The Stock Is Still Falling.
Microsoft reported second-quarter earnings and revenue that beat Wall Street estimates on Wednesday. The company said earnings were $3.23 a share on revenue of $69.6 billion. Analysts surveyed by
Lutnick Says Mexico, Canada Can Avoid Tariffs With Border Action
President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend if they clamp down on border security — while also signaling that Trump is
Kohl's cuts 10% of corporate workforce to improve profitability
Kohl’s said that it is cutting 10% of its corporate workforce as the struggling company works to improve profitability. It previously announced it would close 27 stores.
Lutnick Pledges to Sell ‘Everything’ as Commerce Secretary
Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, said he plans to sell all his assets and business interest if confirmed.
Stock Market Today: Stocks edge higher with Fed, Microsoft, Tesla in focus
U.S equity future edged higher in early Wednesday trading, while the dollar extended gains and Treasury yields dipped, as investors looked for clarity on two key issues from today's Federal Reserve
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