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    1048 posts
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    Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut

    • July 17, 2024
    Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current…
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    GM to increase production of high-performance Cadillac Escalade V8 SUV

    • July 17, 2024
    DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch…
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    Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3%

    • July 17, 2024
    The Dow Jones Industrial Average advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming interest rate cuts. The Dow surged by 742.76…
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    GM’s 2025 EV production capacity target in doubt after Barra comments

    • July 17, 2024
    General Motors’ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary…
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    Jerome Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates

    • July 17, 2024
    Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the…
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    Shares in gun manufacturers soar after Trump assassination attempt

    • July 17, 2024
    Shares in gun manufacturers jumped Monday in the wake of the assassination attempt on former President Donald Trump. Smith & Wesson Brands closed up 11%, while Sturm, Ruger & Co.…
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    Traders see the odds of a Fed rate cut by September at 100%

    • July 17, 2024
    Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its…
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    Amazon’s Prime Day a ‘major’ cause of worker injuries, Senate probe finds

    • July 17, 2024
    Amazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a “major” cause of worker injuries, according to the preliminary results of a Senate probe. The Senate’s Health, Education, Labor and…
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    Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

    • July 17, 2024
    Zyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new…
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    Dow rises 200 points to close at a record

    • July 17, 2024
    The Dow Jones Industrial Average advanced on Monday as investors bet the unsuccessful assassination attempt on former President Donald Trump will lead to big gains for the Republican presidential candidate and the GOP at…
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      Popular Topics
      • Key Republican vows Israel has ‘bipartisan support’ in Congress amid worsening Iran conflict
      • Thune warns Iran should return to negotiating table ‘if they’re smart’
      • Spain says April blackout was caused by grid failures and poor planning, not a cyberattack
      • Alleged Chinese scheme to influence 2020 election for Biden being probed by FBI, Senate Judiciary Committee
      • Homeland Security Secretary Kristi Noem hospitalized after allergic reaction
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