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China expected to announce highly anticipated fiscal stimulus package
Nov 7, 2024, 9:56 PM
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
Fed's Powell staying put even if Trump has another idea
Nov 7, 2024, 9:25 PM
Federal Reserve Chair Jerome Powell said he wouldn't step down if President-elect Trump calls for his resignation and that the president can't remove or demote Fed governors.
Nissan to lay off thousands of workers as sales drop
Nov 7, 2024, 9:11 PM
The Japanese car making giant also said it will cut its global production by 20%.
SEC commissioner backs Trump’s plan to end crypto crackdown
Nov 7, 2024, 7:05 PM
Republican SEC Commissioner Mark Uyeda suggests pausing new enforcement actions against firms that have failed to register with the commission until clear rules of the road in place
China is trying to fix its economy. Trump could derail those plans
Nov 7, 2024, 7:01 PM
Trump won the election on a platform of steep import taxes, including tariffs as high as 60% on China.
Autonomous vehicles: How mines control driverless trucks
Nov 7, 2024, 7:03 PM
Big mining firms are switching to driverless trucks and other autonomous equipment.
Stock futures are little changed as Wall Street looks to extend postelection rally: Live updates
Nov 7, 2024, 6:02 PM
The S&P 500 and the Nasdaq Composite closed at fresh records on Thursday.
Washington Post Employees Ordered Back to Office 5 Days a Week
Nov 7, 2024, 5:30 PM
All employees at The Post will be expected to return to the office by June 2. Managers must be back in the office full time by Feb. 3.
Federal Reserve cuts interest rates by 25 basis points
Nov 7, 2024, 3:25 PM
The Fed cut interest rates by 25 basis points, avoiding any surprises just days after the election of Donald Trump as the next US president.
How the NFL insures its players' multimillion-dollar salaries
Nov 7, 2024, 3:52 PM
Sports insider Andrew Brandt broke down the two kinds of policies NFL teams use to insure their star players and whether the high premiums are worth it.
Stock market today: S&P 500, Nasdaq hit records as Fed cuts rates, post-election rally rolls on
Nov 7, 2024, 4:06 PM
Investors are digesting a fresh interest rate cut from the Federal Reserve as the impact of Trump's expected policies also remains in focus.
Stock market today: S&P, Nasdaq hit records as Fed cuts rates, post-election rally rolls on
Nov 7, 2024, 4:07 PM
Investors are digesting a fresh interest rate cut from the Federal Reserve as the impact of Trump's expected policies also remains in focus.
DoubleLine’s Gundlach says expect higher rates if Republicans also win the House
Nov 7, 2024, 3:58 PM
DoubleLine 's Jeffrey Gundlach said interest rates could shoot higher if the Republicans ends up controlling the House and securing a governing trifecta.
Traders see good chance the Fed cuts again in December then skips in January
Nov 7, 2024, 3:49 PM
Fed funds futures contracts pointed to a roughly 75% probability that the U.S. central bank would cut rates again in December.
Jay Powell says Donald Trump couldn’t fire him even if he tried
Nov 7, 2024, 3:39 PM
President-elect Donald Trump has sent mixed signals for years on whether he would fire or demote Jerome Powell. But Powell made it clear Thursday that he won’t be going anywhere even if Trump tried.
Jim Hoagland, Distinguished Journalist on World Affairs, Dies at 84
Nov 7, 2024, 2:26 PM
A two-time Pulitzer Prize winner, he was a reporter, editor and columnist for The Washington Post, renowned for his deeply sourced dispatches.
Fed cuts interest rates by quarter-point
Nov 7, 2024, 2:01 PM
The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.
Here's what changed in the new Fed statement
Nov 7, 2024, 2:09 PM
This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.
Federal Reserve cuts interest rates by a quarter point
Nov 7, 2024, 2:00 PM
The Federal Reserve approved its second consecutive interest rate cut Thursday.
Federal Reserve cuts interest rates by 25 basis points
Nov 7, 2024, 2:02 PM
The Fed cut interest rates by 25 basis points, avoiding any surprises just days after the election of Donald Trump as the next US president.
Stock market today: Fed cuts rates, Nasdaq surges as Nvidia and Amazon lead tech rally
Nov 7, 2024, 2:20 PM
Investors are digesting a fresh interest rate cut from the Federal Reserve as the impact of Trump's expected policies also remains in focus.
US cuts interest rates as Trump election raises uncertainty
Nov 7, 2024, 2:00 PM
Donald Trump's plans for tax cuts and tariffs raise questions about much further the Fed might cut.
Lyft stock soars as rides reach all-time high, earnings top expectations
Nov 7, 2024, 1:50 PM
Lyft stock soared more than 25% as the company’s turnaround plan pushed ridership to an all-time high during the third quarter.
Big Tech CEOs rush to congratulate Trump on election win
Nov 7, 2024, 1:05 PM
Tech CEOS lined up to quickly congratulate President-elect Trump on his win.
Why Bond Yields Are Rising After Trump’s Victory
Nov 7, 2024, 1:17 PM
Yields on government bonds — which underpin all kinds of borrowing in the economy — are rising. But the Fed is cutting rates. What gives?
Mortgage rates climb again, hurting demand further
Nov 7, 2024, 12:02 PM
Mortgage rates rose for the sixth straight week with the 30-year fixed rate average hitting 6.79%, as purchase demand continues to weaken in the stagnant housing market.
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
Nov 7, 2024, 12:05 PM
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
Fed Interest Rates Decision: Live Updates
Nov 7, 2024, 12:02 PM
Federal Reserve officials are widely expected to cut rates by a quarter point, as uncertainty about a second Trump presidency looms large.
How Fed Rates Influence Credit Cards, Loans, Savings and More
Nov 7, 2024, 12:03 PM
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.
Stock market 'exuberance' looms ahead with Trump win
Nov 7, 2024, 11:21 AM
Strategists believe the massive stock market surge after Trump's victory is the start of a larger rally to follow.
Trump Agenda Faces a Fiscal Reckoning
Nov 7, 2024, 11:21 AM
Advisers to President-elect Donald J. Trump and Republicans on Capitol Hill are already looking at ways to scale back some of his more expensive ideas.
Fed expected to cut rates again as Powell looks to avoid surprises following Trump victory
Nov 7, 2024, 6:00 AM
The Federal Reserve is expected to cut interest rates by 25 basis points Thursday and avoid any unnecessary surprises following the election of Donald Trump as the next US president.
Stock market today: Nasdaq surges as Nvidia, Amazon lead tech rally ahead of Fed decision
Nov 7, 2024, 11:52 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.
Wall Street expects Trump presidency will unlock deal-making
Nov 7, 2024, 11:00 AM
Deal-making has slowed in recent years, largely due to high interest rates, soaring company valuations and a tight regulatory environment.
Stellantis to lay off 1,100 workers indefinitely
Nov 7, 2024, 10:49 AM
Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.
DJT stock sinks by double digits to reverse gains after Trump election win
Nov 7, 2024, 9:37 AM
Trump Media & Technology Group stock reversed the gains it enjoyed on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election.
Stock market today: Nasdaq surges as Nvidia, Amazon lead tech rally ahead of Fed decision
Nov 7, 2024, 11:52 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.
Stock market today: Nasdaq surges as Nvidia, Amazon lead tech rally ahead of Fed decision
Nov 7, 2024, 11:21 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.
DJT stock sinks by double digits to reverse gains after Trump election win
Nov 7, 2024, 9:37 AM
Trump Media & Technology Group stock reversed the gains it enjoyed on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election.
Warner Bros. Discovery earnings: Stock rises amid streaming strength as studios, linear TV pressure revenue
Nov 7, 2024, 10:20 AM
Warner Bros. Discovery stock rose in early trading on Thursday after the company reported strong streaming results in the third quarter.
Trump's election victory puts Fed on path for fewer rate cuts
Nov 7, 2024, 5:13 AM
(Reuters) -U.S. President-elect Donald Trump's impending return to the White House appears to put the Federal Reserve on a slower and shallower path for interest rate cuts, with a slew of new policies embraced by the Republican leader poised to juice the economy and stall, or reverse, the slowdown in inflation. U.S. central bankers are still widely expected to cut the Fed's benchmark interest rate by a quarter of a percentage point to the 4.50%-4.75% range when they wrap up their two-day policy meeting on Thursday. Futures contracts tied to the Fed's policy rate are also pricing in a December rate cut, though with slightly less confidence than previously, as the central bank recalibrates borrowing costs to inflation that's now much closer to its 2% target, and to a cooling labor market.
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
Nov 7, 2024, 7:10 AM
The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.
Stock market today: Dow, S&P 500, Nasdaq edge higher with Trump election win, Fed in focus
Nov 7, 2024, 9:33 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.
Stock market today: Dow, S&P 500, Nasdaq edge higher with Trump election win, Fed in focus
Nov 7, 2024, 9:33 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.
Fed set to announce latest interest rate move in wake of Trump's election win
Nov 7, 2024, 6:00 AM
The Federal Reserve will announce its next interest rate move on Thursday in the wake of the U.S. election, with markets expecting the central bank to cut rates by 25 basis points.
How Trump's win could impact the housing market
Nov 7, 2024, 6:00 AM
A report from Realtor.com says President-elect Donald Trump's agenda includes policies that could have both positive and negative impacts on the housing market.
Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'
Nov 7, 2024, 6:02 AM
Nissan Motor Company (NSANY) said results from the first-half of Fiscal Year 2024 showed decreased consolidated net revenue and global sales volumes, and an operating profit margin of 0.5%.
Trump's tariffs would drive up consumer prices: National Retail Federation
Nov 7, 2024, 6:00 AM
National Retail Federation CEO Matthew Shay issued concerns about President-elect Trump's proposed tariffs, saying it could drive-up prices and result in job losses.
Elon Musk’s latest government bet pays off: Morning Brief
Nov 7, 2024, 6:00 AM
Elon Musk, long skilled at using the government to help his businesses, sees his latest bet pay off as Trump wins. The president-elect, long an EV opponent, makes for an odd match. But there are some good reasons it's not.
Sainsbury's and M&S warn Budget changes may push up prices
Nov 7, 2024, 5:56 AM
A number of major firms have warned over the impact of higher National Insurance costs.
Investors expect an antitrust 'sea change' under Trump. Legal experts aren’t so sure.
Nov 7, 2024, 5:00 AM
Investors are cheering the end of an aggressive era of antitrust enforcement now that Donald Trump is returning to the White House. But some legal experts aren’t so sure that’s what will happen.
Tech C.E.O.s Courted Trump Before the Election
Nov 7, 2024, 5:05 AM
The executives of tech’s biggest companies largely ignored Donald Trump before the 2016 election. This time around, they’re far more friendly.
A Master of the Media Evolved Yet Again in 2024
Nov 7, 2024, 5:05 AM
Donald J. Trump has embraced tabloids, reality TV, Twitter and cable news. This year, he moved on to podcasts and online streamers.
Under Trump, Tech Giants Like Apple and Meta Face a Familiar Uncertainty
Nov 7, 2024, 5:04 AM
Apple, Amazon, Google, Meta and others learned during the last Trump administration to expect the unexpected when it came to Washington scrutiny and support.
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Nov 7, 2024, 5:04 AM
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?
Here’s What to Watch as the Fed Meets Thursday
Nov 7, 2024, 5:03 AM
Federal Reserve officials are widely expected to cut rates by a quarter point, as uncertainty about a second Trump presidency looms large.
Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
Nov 7, 2024, 4:19 AM
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.
Exit polls showed Harris made significant gains on the economy. But other concerns may have crowded it out.
Nov 7, 2024, 4:00 AM
When exit polls began to be released on Tuesday night, it appeared to contain a nugget that augured well for Kamala Harris. In the end, it didn't.
Canada Shuts TikTok’s Offices Over National Security Risks
Nov 7, 2024, 4:14 AM
The order, which will allow people to still use the app, cited concerns about TikTok’s owner, the Chinese tech giant ByteDance.
House prices hit record high, says Halifax
Nov 7, 2024, 3:39 AM
Despite the increase, the lender warns mortgage costs could remain "higher for longer" following the Budget.
China urges U.S. cooperation as Trump trade threat looms
Nov 7, 2024, 3:28 AM
China emphasized the need for greater cooperation with the U.S. a day after it became clear President-elect Donald Trump would be the next U.S. president.
Payments giant Adyen reports 21% jump in third-quarter sales
Nov 7, 2024, 1:55 AM
Adyen, whose technology allows firms to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros, up 21% year-over-year.