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Federal Reserve still expects 3 rate cuts this year despite inflation bump
Federal Reserve still expects 3 rate cuts this year despite inflation bump
THURSDAY, MARCH 21, 2024
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.Fed Chair Powell says Fed is 'not likely' to hike rates further
Fed Chair Powell says Fed is 'not likely' to hike rates further
THURSDAY, DECEMBER 14, 2023
A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year.Apple's weak iPhone sales drive first profit miss since 2016
Apple's weak iPhone sales drive first profit miss since 2016
FRIDAY, FEBRUARY 03, 2023
Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after Covid lockdowns in China disrupted the production of the company's biggest seller.Meta shares surge after Facebook ekes out user growth
Meta shares surge after Facebook ekes out user growth
THURSDAY, APRIL 28, 2022
Meta Platforms surprised Wall Street with a profit beat and Facebook returned to user growth, although Meta forecast a conservative revenue outlook for the current quarter.
Its stock rose 19% in after-hours trade on Wednesday (April 27).Citigroup to fire unvaccinated US staff at end of January
Citigroup to fire unvaccinated US staff at end of January
SATURDAY, JANUARY 08, 2022
Banker Citigroup says it will fire unvaccinated employees in the US at the end of January.China hedge funds pay $300,000 to beat Wall Street to best graduates
China hedge funds pay $300,000 to beat Wall Street to best graduates
SUNDAY, SEPTEMBER 05, 2021
When computing major Garen Zhou deferred his studies in the U.S. because of the pandemic, he applied for internships at Chinas biggest internet companies.Wall Streets $6 Billion Bonanza Chilled by China IPO Curbs
Wall Streets $6 Billion Bonanza Chilled by China IPO Curbs
TUESDAY, JULY 13, 2021
Just months after bankers celebrated a record haul from taking Chinese companies public in New York and Hong Kong, theyve had a rude awakening. Deals are being shelved and investors are nursing heavy losses.Wall Street powers through the first half of 2021 with U.S. stocks at record highs
Wall Street powers through the first half of 2021 with U.S. stocks at record highs
THURSDAY, JULY 01, 2021
Wall Street wrapped up the first half of 2021 at record highs, with investors defying pessimistic projections of a broader pullback and pushing past concerns of rising inflation and potential rate hikes.The Fed is making Wall Street forecasters pay attention to Black unemployment
The Fed is making Wall Street forecasters pay attention to Black unemployment
WEDNESDAY, APRIL 07, 2021
To get an idea of what Jerome Powell's Federal Reserve will do next, Wall Street economists are having to try their hand at forecasting new variables -- like the Black unemployment rate.Fed's digital dollar push worries Wall Street
Fed's digital dollar push worries Wall Street
TUESDAY, MARCH 23, 2021
The financial services industry, braced for what could be its biggest disruption in decades, is about to get an early glimpse at the Federal Reserve's work on a new digital currency.
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