WASHINGTON — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual air of uncertainty overhangs this week’s meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. With…
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U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday. The Dow traded down 0.21% to 41,520.08 while the NASDAQ fell 0.25% to 17,584.86. The S&P 500 also fell, dropping, 0.21% to 5,622.88. Check This Out: How To Earn $500 A Month From Darden Restaurants Stock Ahead Of Q1 Earnings Leading and Lagging SectorsReal estate shares rose by 0.2% on Wednesday. In trading on Wednesday, financials shares fell by 0.3%. Top Headline Housing starts in the U.S. climbed by 9.6% from the prior month to an annualized rate of 1.356 million units for August.…
Sean “Diddy” Combs is expected to learn Wednesday afternoon whether he will continue to be held without bail on charges including sex trafficking by force, transportation to engage in prostitution and racketeering conspiracy.The music mogul’s attorney, Marc Agnifilo, appealed Judge Robyn Tarnofsky’s Tuesday decision to detain the 54-year-old pending trial. The appeal hearing is scheduled for 3:30 p.m. on Wednesday.In a letter to the court ahead of the Wednesday hearing, Agnifilo wrote that Combs is “eminently trustworthy” and should be released on a $50 million bond.MORE: Sean ‘Diddy’ Combs charged with sex trafficking in sprawling indictment, held without bailThe bond…
Democratic senators on two relevant committees are calling for their panels to investigate allegations last month in the Washington Post about a now-closed government probe into whether Egypt funneled $10 million to Donald Trump during his 2016 campaign for president.It’s been more than a month since the Post report was published, but so far Senate Democrats, who hold oversight and subpoena power for the upper chamber of Congress, have not taken any public steps to open an investigation into the complex set of allegations. Until now. In recent interviews, two Judiciary Committee Democrats and one Intel Committee Democrat told TPM…
Mizuho Securities has maintained its Outperform rating on CrowdStrike Holdings (NASDAQ: NASDAQ:) with a price target of $300.00. The reaffirmation follows observations from the first day of CRWD’s annual user conference, Fal.Con 2024, held in Las Vegas. During the conference, the firm engaged in numerous discussions with partners and customers. The feedback received was notably more positive than expected, with several large partners reporting no signs of customers moving away from CrowdStrike’s services despite the recent high-profile IT outage. Additionally, current discounting practices were found to be limited, though experiences varied. The company is scheduled to hold its investor briefing…
The Mercedes G-Class, a timeless icon of off roading, has become a canvas for customization, with countless tuners offering a myriad of modifications. From aggressive widebody kits to luxurious interiors and powerful engine upgrades, the options are endless. Carlex Design, a Polish tuning house, has once again showcased its expertise with the G-Vintage, a reimagined 2024 Mercedes-AMG G 63. Inspired by the classic Mercedes models of the 1970s, the G-Vintage boasts a retro inspired exterior with bright paint finishes, chrome accents, and vintage-style 20 inch alloy wheels. True to the era, the vehicle also features white wall tires, adding to…
In the latest episode of the “OG’s Podcast” with Udonis Haslem and Mike Miller, NBA legend Shaquille O’Neal shared insights into his time playing alongside Kobe Bryant during their tenure with the Los Angeles Lakers. O’Neal, who played eight seasons with Bryant, provided a glimpse into the motivational tactics he used to push his former teammate to greatness, including comparisons to NBA icons Michael Jordan and LeBron James.O’Neal reflected on the Lakers’ historic three-peat from 2000 to 2002 and discussed the fiery competitiveness that defined Bryant’s approach to the game. Recalling the early years of Bryant’s career, O’Neal said, “When…
Nvidia (NASDAQ: NVDA) stock’s breathtaking rally that began toward the end of 2022 has taken a hiatus of late. More specifically, shares of Nvidia have witnessed some volatility since the beginning of July, and the company’s solid fiscal 2025 second-quarter results haven’t been enough to inject some life into its fortunes on the stock market.The reasons behind Nvidia’s recent volatility can be attributed to concerns about a slowdown in its growth, as well as the viability of artificial intelligence (AI) technology following the massive investments made in this space by companies and governments across the globe. However, Nvidia’s quarterly results…
The 2025 Ford Mustang, the seventh generation ‘Stang, stands as a formidable force in the American two door sports car market. Its rivals, such as the BMW 2 Series and 4 Series, while offering V8 engines, are generally more expensive. The closest American competitor, the C8 Chevrolet Corvette, has experienced a surge in sales due to the discontinuation of the Camaro, Charger, and Challenger. However, the Mustang’s dominance is likely to persist until Dodge releases its new electric and inline-six models. The Mustang’s enduring appeal lies in its blend of performance, style, and affordability. Its iconic design, coupled with its…
What is the current price of silver per ounce today? The price of silver opened at $30.62 per ounce, as of 9 a.m. ET. That’s down 0.59% from the previous day and up 27.99% year to date. The lowest trading price within the last day: $30.35 per ounce. The highest silver spot price in the last 24 hours: $30.99 per ounce. Silver spot price The spot silver price reflects what traders buy and sell silver for immediately, or on the spot. In contrast, the futures price reflects the price for silver delivered in later months. The spot price for silver…