Tag Archives: cut

A turbulent week for Wall Street continued on Wednesday with trade tensions, the government shutdown, and a solid wave of earnings reports all battling for investor attention The S&P 500 rose 0.4%. The Nasdaq Composite was up 0.7%. The Dow Jones Industrial Average dipped 17 points, or less than 0.1%. Earnings from Bank of America and Morgan Stanley, among others, …

Layoffs hit NBC News on Wednesday, with the network news division facing cuts ahead of Comcast’s spinoff of Versant. About 150 jobs were eliminated, representing about 2 percent of the workforce of the NBC News Group. The cuts were across the News Group, without specific teams being targeted. The Versant spin will see MSNBC and CNBC separated from NBC News. …

For most people, the idea of getting on a plane, train, bus, boat, or car to head off for an adventure sounds absolutely dreamy. However, for the one in three people who are considered “highly susceptible” to motion sickness, that journey can be a nightmare. But don’t give up on that trip just yet, because according to a new study, …

Fed rate cut optimism, safe-haven demand fuel gold’s rally beyond $4,200  Reuters Gold Could Hit $5,000, Strategist Says. Why Others Are Worried About a Crash.  Barron’s Unearthed: The Gold Surge – What Investors Need to Know  World Gold Council Gold Trades Near Record on Fed Rate-Cut Sign, US-China Tensions  Bloomberg.com Why Gold and Silver Keep Hitting Record Highs  Investopedia Source link

Powell Signals Another Cut as Weak Hiring Pressures Unemployment  Bloomberg.com Fed’s Powell suggests tightening program could end soon, opens door to rate cuts  CNBC Powell Keeps Fed on Track to Lower Rates Again  The Wall Street Journal Fed’s Powell says economy may be on firmer footing, but job market weak  Reuters With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on …

Shares gain, dollar eases as Fed cut bets reclaim spotlight  Reuters Asian Investors Set to Brush Aside Trade Tensions: Markets Wrap  Bloomberg.com Asia markets rise, breaking ranks with Wall Street’s declines on renewed U.S.-China trade feud  CNBC Morning Bid: Fed back on centre stage, for now By Reuters  Investing.com Hong Kong stocks halt longest losing streak since 2024 on Fed rate cut hopes  South China …

Trump Renews Threat to Cut ‘Democrat Programs’ as Government Shutdown Enters Third Week  The New York Times Trump Halts Billions in Grants for Democratic Districts During Shutdown  The New York Times Trump threatens to cut ‘Democrat’ programmes, extends funding to military  Al Jazeera White House to ax more ‘egregious’ programs Friday  Politico Trump teases new list of “Democratic programs” being shut down will come …

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Goldman Sachs Tells Staff It Plans to Cut More Jobs This Year  Bloomberg.com Goldman Sachs warns of looming layoffs as AI reshapes Wall Street giant’s operations:  New York Post Goldman economists on the Gen Z hiring nightmare: ‘jobless growth’ is probably the new normal  Fortune Goldman Sachs eyes layoffs and hiring slowdown amid AI push, memo shows  Reuters Goldman Sachs warns of ‘jobless growth’ …

General Motors will record a negative impact of $1.6 billon in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares dipped 3% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and up to …