CONCLUDED Fed Cuts Rates by a Quarter Point, as Expected, and Sees 2 More Cuts This Year Read the FOMC Statement Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. ...

Revolut has posted a 46% jump in quarterly revenue as it prepares for a fresh fundraising round that could value the London-based fintech at $75 billion. The company's growth reflects its rapid expansion into new regions and its ambition to become one of the top three financial apps globally. Investor documents reveal that Revolut has ...

Dogecoin has once again hogged the limelight in the cryptocurrency world, with investors wondering if it's heating up for its biggest rally after 2021. The meme currency has once again taken the market by surprise with random spikes of strength, and ongoing trade is suggesting that investors are watching it closely. Dogecoin remains one of ...

The search for the Best Crypto To Buy Now is heating up as investors pour into projects that can deliver real-world adoption alongside explosive growth potential. While established names like Solana continue to draw attention, it is Remittix that is emerging as the project nobody wants to miss. With full CertiK verification, a wallet already ...

By Sabrina Escobar CONCLUDED Fed Cuts Rates by a Quarter Point, as Expected, and Sees 2 More Cuts This Year Last Updated: 4 hours ago Miran Was the Sole Dissent, Opting for a Larger Cut Cryptocurrencies Data Magazine Markets Stock Picks Barron's Live Roundtable Barron's Stock Screen Personal Finance Streetwise Advisor Directory Stephen Miran earlier this month. (Getty Images) Newly installed Fed governor Miran was the only member of the Federal Open Market Comittee to vote against the decision to cut intere ...

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Question-and-Answer SessionMaybe just to kick things off, obviously, impressive Phase II data readout last week that investors were looking for. Maybe at a topline, can you just briefly summarize, I guess, first, how this trial was conducted? And if you want to try and touch on the novel trial design and then maybe hit the high points of the efficacy that you saw and then you can kind of drill down into the details.Abraham CeesayCEO, President, Treasurer & Director Sure. Happy to, Joe, and I really apprecia ...

The Federal Reserve on Wednesday cut interest rates by a quarter point to the 4% to 4.25% range – delivering highly-anticipated relief to borrowers for the first time since December 2024.But Stephen Miran – previously Trump’s economic adviser and the newest member of Fed – cast a lone dissenting vote, pushing instead for a jumbo-sized half-point rate cut.Central bankers have been delaying rate cuts over fears that tariffs could reheat inflation, which did pick up over the summer, and recent economic data ha ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reiterates his commitment to the EV giant and his other ventures amid TSLA stock rally fueled further by his $1 billion share purchase. Elon Musk Shares Busy Schedule A user, Greggertruck, took to the social media platform X on Monday, hailing Musk and Tesla's recent stock rally that saw the share price cross the $400 mark on the NASDAQ. Trending: Your Last Chance to ...

The Federal Reserve approved a quarter-point interest rate cut Wednesday, the first in nine months, with officials judging that recent labor-market softness outweighed setbacks on inflation. ...