High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
The bond market got a bit of relief after the Fed left short-term rates steady again. Yields on two-year Treasuries fell by as much as four basis points after Wednesday's Fed decision to 4.252%, compared with the previous close. Yields had been higher most of the day leading up to the interest-rate announcement.
Ford increased its annual outlook as demand for higher-priced pickups helped offset tariffs and weaker electric-vehicle performance.
The Fed announced that it will hold key interest rates at 3.50% to 3.75%.
The Federal Reserve opted to keep short-term interest rates steady again on Wednesday. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the fifth straight meeting. Ahead of the announcement, the interest-rate futures market had the odds at 71% that officials would keep rates unchanged.
Goldman’s stock, which fell 4.6%, was on track for its worst performance in two months. Morgan Stanley, JPMorgan, and Bank of America—all of which hit records this month, too—dropped 3.4%, 2.3%, and 1.2%, respectively on Wednesday. Citi was down 3.3%, and Wells Fargo dropped 2%.
Lee argued that the Fed’s policy announcement itself could remove a layer of uncertainty that has weighed on markets in recent weeks.
With an hour to go until the Federal Reserve’s big rate-cut decision, the stock market is already selling off. The Dow Jones Industrial Average was down 823 points, or 1.6%. The Nasdaq Composite dropped 1%.
Chip stocks extended a losing streak while traders await Fed Chair Kevin Warsh's rate announcement Wednesday afternoon
As the Federal Reserve gets set to release its monetary policy update at 2 p.m. ET, followed a half hour later by Chairman Kevin Warsh's news conference, Wall Street is the unusual position of not knowing what will happen. Prior to Warsh, Wall Street has typically been near certain about what the Fed would do, reflected by markets pricing in around 90% or higher odds of the expected result. The S&P 500 is sharply lower ahead of the Fed reveal, amid rebounding oil prices and the ongoing sell-off in AI and chip names.
Berkshire Hathaway would be one of the biggest corporate winners if the Federal Reserve boosts short-term rates this year, given its enormous holdings of Treasury bills and other cash equivalents. At the end of the first quarter, Berkshire was sitting on about $374 billion of cash and equivalents. Berkshire has the largest cash position of any U.S. company and is one the biggest holders of U.S. Treasury bills in the world.
Federal regulators have given Adobe the green light to proceed with its acquisition of Topaz Labs, clearing antitrust hurdles ahead of schedule.
Federal Trade Commission is suing Hims & Hers alleging the telehealth platform shared users' health data with online advertisers despite promising privacy and engaged in deceptive billing and cancellation practices, an FTC spokesperson said. Hims & Hers is one of the largest telehealth players in the market for weight loss drugs.
The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Hims & Hers stock added to losses after the news and was trading down around 12%. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.
Those who stay patient and disciplined, while ignoring the noise, will find that the market stacks the odds in their favor.
X sued the WFA in 2024 for conducting what it called a "systematic illegal boycott" of the platform after it saw a decline in advertising revenue following Musk's $44 billion takeover of the social network
During an interview with Fox News on Wednesday, Trump warned that the United States will be “hitting Iran hard” following the attack on U.S. bases in Jordan.
Renewed hostilities in the Middle East are pushing up Treasury yields as oil prices rally. The Iranian surprise attacks add uncertainty to U.S. monetary policy. Futures markets price in 64% odds of a hold by the Fed today, but bets on a hike rise to 36% from 31% yesterday, according to CME data.
July 29 (Reuters) - SpaceX's X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation over an alleged advertiser boycott of the social media platform linked to the
A quarter-points rate hike has been bandied about as a possibility today.
Ares Capital has a 10% yield and a volatile dividend history, with recessions being particularly difficult.
The latest oil spike was sending the Dow tumbling, but the Federal Reserve’s interest-rate decision and a gauntlet of earnings loom. The Dow Jones Industrial Average fell 700 points, or 1.3%. The S&P 500 was down 0.
West Texas Intermediate crude jumped nearly 7% after Iran launched missiles at U.S. forces, complicating the Fed's rate calculus
DoorDash on Wednesday launched its in-house drone-delivery program, DoorDash Air, after securing a U.S. Federal Aviation Administration certification to operate commercial drone deliveries in the U.S. The move marks the food-delivery company's push into autonomous delivery as it looks to reduce reliance on human couriers and expand its logistics network. • The program was developed by DoorDash Labs, its robotics and autonomy unit, and will eventually be integrated into its delivery app, according to a TechCrunch report.
Medicare beneficiaries may face higher premiums next year for their Part D drug plans, as the federal government plans to end subsidies that helped mitigate price increases in the program. The Trump administration will not continue the subsidies beyond 2026, The Wall Street Journal reported. About 25 million Medicare recipients are enrolled in a stand-alone Part D plan for their drug coverage.
Investing.com -- DoorDash (NYSE: DASH) is taking to the skies. The logistics leader announced today that it has received Part 135 air carrier certification from the Federal Aviation Administration (FAA), clearance that authorizes the company to commercially operate its own autonomous drone fleet. The new service, dubbed DoorDash Air, was engineered entirely in-house by DoorDash Labs, the company’s internal robotics and autonomy division. To earn the elite designation—held by only seven other ope
July 29 (Reuters) - Wall Street's main stock indexes opened lower on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of simmering Middle East tensions,
We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
