Breadcrumb Trail Links News Economy Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75% Author of the article: Bloomberg News Craig Torres Published Nov 07, 2024 • Last updated 9 hours ago • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Federal Reserve chair Jerome Powel. Photo by Al Drago /Bloomberg Article
Cigna’s stock jumps 2.7% after earnings beat estimates and company raises guidance Source link
Investing.com– Gold prices fell in Asian trade on Friday, seeing little relief even as the dollar slid in the wake of an interest rate cut by the Federal Reserve, while markets also digested the ramifications of a second Donald Trump presidency. The yellow metal was battered by a sharp rally in the dollar this week after Trump won the 2024 presidential election. But the dollar retreated from four-month peaks on
By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering. Kioxia’s filings indicate it aims to conduct an IPO some time from December through June 2025. The chipmaker is targeting December, two people familiar with the matter said. Bain scrapped plans for an IPO in October after investors
If these results hold, Democrats would need to sweep their races in California, which has 12 races yet to be called by the AP, as well as win in the other districts they’re leading, to regain the House. Republicans are leading in seven of these races at press time, though some races have just over 52% of their results counted. Source link
Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could appreciate by between 73% to 100% from the current level to reach the cycle top in August or
Ripple has recently sparked discussions among market participants over a potential Dirham-backed stablecoin launch in the UAE. Notably, this comes amid soaring speculations over the RLUSD launch by the blockchain firm soon, especially after Donald Trump’s victory in the US election in 2024. However, the firm’s recent focus on the UAE market and its clear regulatory path caught the eyes of investors, with many anticipating a potential stablecoin launch in
Non-profit organization Ethereum Foundation sparked a tidal wave of discussions across the broader crypto market on Friday as it revealed its 2024 report, boasting a treasury of $970 million. Notably, Aya Miyaguchi, the firm’s ED, spotlighted key details such as the current EF teams, EF grantees, and ongoing efforts to enhance the Ethereum ecosystem, underscoring the firm’s advancements. In turn, this report promptly caught the eyes of market participants globally,
By Tom Westbrook and Samuel Shen SINGAPORE (Reuters) – Asia and even China are shaping up as surprisingly resilient investment markets as Donald Trump returns to the White House, with fund managers optimistic the region can withstand tariffs better than Europe. Investors say Asia’s exporters and supply chains have been able to better weather trade tensions, that China is ready to bolster its domestic demand and that India’s rapid growth
Huntington Beach Police Dept. When Huntington Beach, Calif., detectives searched Rodney Alcala‘s Seattle storage locker during the murder investigation of 12-year-old Robin Samsoe in 1979, they discovered a cache of photos, many of them young women in suggestive, and even pornographic poses. In March 2010, after a third jury in 30 years handed Alcala a death sentence, Huntington Beach police released more than 100 of those photos hoping to identify
