The Federal Reserve raised eyebrows Wednesday with a bigger-than-expected cut in a key interest rate, portraying the move as essentially an insurance policy against a possibly slowing economy now that it believes inflation is under control.But the action, which took many by surprise, also risks putting the independent central bank smack in the middle of the last stretch of the 2024 presidential race, as it will help keep the economic recovery touted by Democrats. But it could also be used by former President Donald Trump to support his gloomy statements about the economy.“The labor market is actually in solid condition,…
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In a recent move closely watched by market participants, Katherine Adkins, the Chief Legal Officer of Affirm Holdings , Inc. (NASDAQ:), engaged in significant transactions involving the company’s Class A Common Stock. Over a span of three days, Adkins sold a total of $6,075,068 worth of stock at prices ranging from $45.00 to $45.0013 per share.The sales were executed in accordance with a pre-arranged Rule 10b5-1 trading plan, which Adkins had adopted on June 13, 2024. This plan allows company insiders to establish predetermined trading arrangements for selling stocks at a time when they are not in possession of material…
ClutchPoints is not affiliated with, endorsed by, or in any way connected to any sportsbook. Gambling is not offered on this website in any form.Caitlin Clark and the Indiana Fever take on the Washington Mystics. Our WNBA odds series has our Fever Mystics prediction, odds, and pick. Find out how to watch Fever Mystics.The Indiana Fever started their season 1-8. They will be part of the WNBA playoffs. The Washington Mystics began their season 0-12. Heading into Game 40 — the regular-season finale — Washington still has a shot at the playoffs, though it needs help. Washington must get a…
If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. “Let’s cheers to a great adventure,” says Joan Vassos in a sneak peek clip at this season of The Golden Bachelorette. After appearing on last season of The Golden Bachelor, Vassos will make history as the Bachelor franchise‘s first-ever Golden Bachelorette in tonight’s season premiere.More from Rolling StoneAt a Glance: How to Watch The Golden Bachelorette Online Get DirectV Stream Free Trial No stranger to Bachelor Nation, the 61-year-old school administrator suddenly had to leave the show and…
UNIONDALE, N.Y. – Standing in front of a packed arena on New York’s Long Island, former President Donald Trump predicted victory in November in the reliably blue state.”It hasn’t been done for a long time. But we are going to win New York. And that’s the first time in many, many years that a Republican can honestly say it. And we’re going to do it,” Trump vowed.”We have to do it. We do it, and the election nationwide is over,” Trump added as he spoke to what his campaign said was a capacity crowd of roughly 16,000 people packed into…
The House voted on Wednesday on a continuing resolution to keep the government funded and avoid a shutdown at the end of the month, just weeks before the November election. The vote failed, with Republicans striking down their own bill to keep the government open.The bill going down 202-220 is another blow for House Speaker Mike Johnson (R-La.), who pulled a vote last week in order to give himself more time to rally Republicans behind the package — to no avail. The government is set to run out of money in less than two weeks.“We ran the play,” Johnson said…
Americans might not quickly feel the effects of the Fed’s first rate cut in over four years.Getty Images; iStock; Natalie Ammari/BIThe Federal Reserve cut interest rates by 50 basis points on Wednesday.But the lag in monetary policy means it’ll take time to feel the relief.It’ll take a while for mortgage, car loan, and credit card rates to come down.The nation’s central bank has finally cut interest rates for the first time in over four years. But Americans might not feel that relief just yet.On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 50 basis points, concluding years…
Baystreet.ca – Futures tied to Canada’s main stock index were muted on Wednesday, as investors remained cautious about the size of an later in the day. The let gains it had accumulated during the day slip away and fell 24.37 points to close Tuesday at 23,677.70, after hitting an all-time record. The index ended its win streak at four sessions. The TSX is up 13.3% for the year. The nicked up 0.05 cents to 73.61 cents U.S. Futures eased 0.1%. In corporate news, Barrick Gold (NYSE:) suspended operations at its Porgera gold mine in Papua New Guinea until Thursday after…
On the ballot this fall, California voters will be asked to take a stand on Prop 5. A “yes” vote would make it easier for governments to borrow money. A “no” vote would maintain the status quo. When local governments in California want to borrow money, in the form of bonds, they need to seek voter approval through a measure on the ballot. Typically, these proposals require a supermajority of 66%. Prop 5 asks voters to lower that threshold to 55%. Prop 5 advocates say parks, police stations and affordable housing are among the projects cities would be able to…
The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy.”The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” said Gregory Daco, chief economist at EY-Parthenon. “The [U.S.] economy remains one of the largest economies in the world, and certainly of late, one of the ones that’s been fastest growing.”At its September meeting, the Federal Open Market Committee, decided to reduce the target range of its widely impactful federal funds rate. Changes to the Fed’s interest rate can influence the cost of loan products such as mortgages and the value…