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Divided Fed holds key interest rate steady, defying Trump's demands for aggressive cuts

A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, with two top officials dissenting.

Industriya Two days ago

Companies from Stanley Black & Decker to Conagra are saying tariffs will cost them hundreds of millions

Businesses in a range of industries have raced to figure out how to handle rising costs in the middle of a shakeup in global trade policy.

Industriya Two days ago

Fed meeting live updates: Traders wait to see how many central bank members go against Powell

The central bank is expected to keep its target rate at a range of 4.25% to 4.5%, but traders want to see whether any Fed governors go against the decision.

Industriya Two days ago

Microsoft's stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

For the first time, Microsoft disclosed a dollar figure for its Azure cloud business.

Industriya Two days ago

Microsoft set to report earnings after the close

Investors will be paying close attention to Microsoft’s capital spending and cloud revenue growth.

Industriya Two days ago

Meta slated to reported second-quarter earnings after the bell

Meta will report its second-quarter earnings after the bell.

Industriya Two days ago

Apartment rents drop in July as vacancies move to multi-year high

Apartment vacancies are still rising due to a glut of new apartments hitting the market in the past few years. Rents are down from a year ago.

Industriya Two days ago

Euro zone economy ekes out better-than-expected 0.1% growth in second quarter

Attention has focused on how tariffs may impact Europe's economies.

Industriya Two days ago

German economy contracts by 0.1% in second quarter

Attention has focused on how tariffs may impact Europe's economies.

Industriya Two days ago

Zuckerberg shares AI personal superintelligence' vision after spending billions on top talent

Meta reports second-quarter earnings on Wednesday, so Zuckerberg’s letter gives investors a glimpse into his AI strategy.

Industriya Two days ago

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

Starbucks executives told analysts that traffic improved sequentially every month of the quarter.

Industriya Two days ago

At 10 years old, Ethereum's future is brighter than ever despite recent setbacks

It’s been a decade since Ethereum’s inception, and although its native ether token has largely struggled for the last half of it, its future looks…

Industriya Two days ago

iPhone maker Foxconn joins $1 trillion AI data center market with new alliance

Foxconn said it will take a 10% stake in TECO as part of a share swap and will focus on building data centers around the world, including the U.S.

Industriya Two days ago

Architecture firms report decline in billings for commercial real estate

The AIA/Deltek Architecture Billings Index (ABI) remained in negative territory in June with a score of 46.8, down from 47.2 in May.

Industriya Two days ago

Here's how companies like Kohl's and Krispy Kreme got caught in the meme stock frenzy

Kohl’s was amongst a new wave of meme stocks that surged from traders taking advantage of cheap share prices and heavy short positions.

Industriya Two days ago

Why it appears Washington is becoming friendlier toward crypto ETFs under Trump

Capitol Hill is becoming more receptive to market innovations including ETFs and cryptocurrency, according to two investment experts.

Industriya Two days ago

Mortgage demand drops to lowest level since May, as interest rates stall

Mortgage demand fell to the lowest level since May, even as mortgage interest rates haven’t moved at all. Consumers are concerned about the broader…

Industriya Two days ago

Big Tech split? Google to sign EU's AI guidelines despite Meta snub

The code provides guidance on how to meet the requirements of the EU’s landmark AI Act.

Industriya Two days ago

Treasury yields hold steady as investors await Fed rate decision

U.S. Treasury yields held steady on Wednesday as investors keenly awaited the Federal Reserve’s interest rate decision as well as a batch of economic…

Industriya Two days ago

10-year Treasury yield rises on strong GDP report ahead of Fed decision

U.S. Treasury yields held steady on Wednesday as investors keenly awaited the Federal Reserve’s interest rate decision as well as a batch of economic…

Industriya Two days ago

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