Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%. The latest move would follow a larger-than-usual half-point rate cut in September and a quarter-point reduction in November.
Here's the stock market playbook for 2025, according to Morgan Stanley's top stock strategist
The risk of a US recession hasn't been "extinguished," according to Morgan Stanley's top stock strategist.
Nvidia stock's correction has accelerated since Microsoft's CEO hinted the frenzied demand for AI chips may be waning
"I'm not chip supply constrained," Microsoft CEO Satya Nadella said in a recent interview. Nvidia stock has dropped 7% since the comments.
Hundreds of OpenAI’s current and ex-employees are about to get a huge payday by cashing out up to $10 million each in a private stock sale
A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the company’s $1.6 billion tender offer to SoftBank, a source has told Fortune.
Cathie Wood sells $70 million of surging tech stock
The Nasdaq Composite is up 32.3% this year, while the ARK Innovation ETF has returned 20.2%.
Exclusive: Crypto startup BVNK raises $50 million at around $750 million valuation amid red-hot stablecoin interest
Stripe’s acquisition of the stablecoin company Bridge has created investor fervor around infrastructure providers.
Analyst reboots CrowdStrike stock price target on market conditions
Here's what could happen next to CrowdStrike shares.
Dollar rises amid Fed rate cut expectations, better-than-expected retail sales data
The U.S. dollar gained against major currencies on Tuesday following better-than-expected retail sales data that showed underlying economic momentum while markets braced for interest rate moves from the Federal Reserve and other central banks. Commerce Department data on Tuesday showed U.S. retail sales surpassed expectations by jumping 0.7% in November, backed by an uptick in motor vehicle and online purchases. Markets expect the Fed will deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with futures implying a nearly 97% chance of a cut, according to the CME's FedWatch tool.
Fed Set to Deliver Third-Straight Interest Rate Cut
(Bloomberg) -- Federal Reserve officials are likely to lower borrowing costs for a third-straight meeting this week while also signaling fewer interest-rate cuts next year than previously projected.Most Read from BloombergHow California Sees the World, and ItselfThe US economy has proved more resilient than what officials expected just a few months ago. Recent data shows inflation is coming down more slowly than officials anticipated, and the labor market is not weakening as much as feared. That