A new Kansas City Fed conference study revealed that the Federal Reserve's aggressive rate hikes were essential in gaining public trust and controlling U.S. inflation over the past two years.
Investors
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Stock Markets Brace for Impact of Fed's Decision as Investors Worry About Rate Changes
US stock markets started quietly on Monday as investors awaited the Federal Reserve's rate decision on September 17-18, with expectations for a rate cut influencing market movements.
Wealthy Families Rush to Transfer Millions to Children Over Fear of Kamala Harris' Tax Policies
Wealthy families are rushing to transfer assets to their children before potential estate tax increases if Kamala Harris wins the presidency and current exemptions expire in 2025.
AstraZeneca Fails Lung Cancer Drug Trial, Dragging Its Shares to 5%
AstraZeneca’s shares fell over 5% following disappointing results from its TROPION-Lung01 Phase III trial, which showed its experimental lung cancer drug did not improve survival rates.
Latest News
European and US share prices rose on August 22 following Federal Reserve signals of potential interest rate cuts, while the dollar remained weak and oil prices stabilized after a recent decline.
The Consunji family is investing $177 million into DMCI Holdings to fund the purchase of Cemex's Philippine cement business, with the deal expected to boost DMCI's portfolio.
Saudi Aramco is expanding its partnership with China by investing in petrochemicals and low-carbon technologies, aligning with China's energy security and sustainability goals.
As markets await crucial inflation data this week, investors hope it will allow the Federal Reserve to implement its anticipated interest rate cut next month amid recent market stability.
Bharti, the parent company of Airtel, has become British Telecom (BT)'s largest shareholder by acquiring a 24.5% stake for $4 billion to strengthen 5G and AI collaboration.
Warner Bros Discovery’s shares dropped 12% in premarket trading after announcing a $9.1 billion write-down and a $10 billion net loss, reflecting their ongoing struggles to keep up with other giant media.
Despite ongoing losses of over $1 billion, Rivian Automotive exceeded Wall Street's revenue and earnings estimates for Q2 2024 through cost-cutting measures.
Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.
Elon Musk criticized the Federal Reserve's decision not to cut interest rates, calling it "foolish" and warning that the policy could harm the US, which could potentially stall economic growth.
