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Federal Reserve prepares to cut interest rates for a third time this year
The Federal Reserve is expected to lower interest rates Wednesday for the third time this year. Traders overwhelmingly expect a relatively small 0.25% cut, the same size as the last two cuts. But the
There's no guarantee the Fed's rate cuts will lower the rates that matter
What we're watching What we're reading Economic data releases and earnings Bucking trends and spitting out confusing, counterintuitive outcomes have been hallmarks of the COVID economy and the post
Massive debt-fueled deals are back on Wall Street
These big, bolder bets are becoming more interesting, and people are willing to try them because of the financing that’s available,” said Matthew Toole, director of deals i
President Trump says Nvidia can sell H200 AI chips to China, but does that change anything?
President Trump posted on X: "I have informed President Xi, of China, that the United States will allow NVIDIA to ship
A new threat to affordability – just in time for winter
A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat.
Home Depot issues warning on housing market, economy
As essential a retailer as Home Depot is, the company has been struggling as of late. In its most recent earnings report, Home Depot revealed that comparable U.S. sales only increased by 0.1% on a
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy
Zandi reached that assessment before the government released its long-delayed JOLTS report Tuesday, but the official numbers largely confirm the pullback he has been tracking thro
The everyday investors hedging against an AI bubble
Everyday investors have eagerly snapped up shares of tech companies that are pinning their futures on AI, helping send major stock indexes soaring. Now, three years after OpenAI’s ChatGPT set off a
Asian benchmarks mostly decline as investors anticipate US rate cut
Asian shares were mostly lower, trading in a narrow range ahead of a Federal Reserve meeting later Wednesday that's expected to result in the third cut to interest rates this year. Japan's benchmark
AT&T CEO says he made a mistake in how he went about fixing company culture — but the viral memo wasn't it
AT&T CEO John Stankey said he was too slow on changing the company's culture, and that his viral employee memo was part of that process.
Cracker Barrel stock tumbles. It missed sales estimates after botched logo change.
Cracker Barrel Old Country Store stock tumbled ahead of the open Wednesday after the company reported lower-than-expected revenue of $797.2 million for its latest fiscal quarter. However, adjusted
Looking for a big raise or promotion in 2026? Don't get your hopes up
A Mercer survey of companies' budgets for promotions and raises next year may dash hopes for a more prosperous new year for many Americans.
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