The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after the central bank’s surprise jumbo cut in September.  The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest rate banks charge each other for borrowing money —

(Bloomberg) — The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing director at J.P. Morgan Private Bank. Most Read from Bloomberg “One really differentiating thing Trump had in his policy was about crypto, so let’s see how this plays out,” Gratzer, who is head of institutional wealth management for Switzerland at

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024.  David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump‘s tariff proposals could worsen long-term inflation if global trade partners were to strike back. One-time tariffs, Kashkari said on CBS’ “Face the Nation,”

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Donald Trump becomes president-elect after 2024 election Donald Trump becomes president-elect after 2024 election 03:34 Donald Trump’s victory at the polls is giving a fresh boost to stocks. Dow futures soared nearly 1,400 points, or 3.2%, lifting the blue-chip market into record terrain before the start of trade on Wednesday. S&P 500 futures were up more than 2%, while the tech-heavy Nasdaq Composite also looked set to open strong.  “U.S.

(Bloomberg) — Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. Most Read from Bloomberg The cryptocurrency climbed as much as 4.3% to an unprecedented $79,771 on Sunday and remained near $79,000 as of 2:05 p.m. in Singapore. Smaller tokens like Cardano and meme-crowd favorite Dogecoin also rallied. Trump vowed on

Check out the companies making headlines before the bell: Trump Media & Technology — Shares of the Truth Social parent, which has a majority ownership by Republican presidential candidate Donald Trump, climbed about 9% during premarket trading on Election Day . The stock has been seen as a proxy for betting on the former president’s likelihood of winning the race for the White House. Palantir — The cybersecurity stock surged

By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) – The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter. The Department of Commerce sent a letter to TSMC imposing export restrictions on certain sophisticated chips, of 7 nanometer or more advanced designs, destined for China

Major banks release first quarter earnings Dimon says JPMorgan Chase’s numbers are strong, but warns of future threats in earnings report 05:07 JPMorgan Chase CEO Jamie Dimon will remain in his post at the bank and has no plans to take a position within the Trump administration, a source familiar with the matter told CBS MoneyWatch Wednesday.  Despite speculation that he might be in the running to be appointed U.S.

One of the most hard-fought and contentious elections in U.S. history is now in the books, and Donald J. Trump has emerged as the President-elect. Many things are expected to change, and investors are turning over every stone to find the stocks that are best positioned to profit in the next four years. Astute investors will note that one of the biggest catalysts over the past couple of years has