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Latest Financial News
Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount
The company said it plans to launch the new supercluster as soon as next year.Read More...
Here are five key takeaways from the Fed’s big interest rate decision
The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut.Read More...
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.Read More...
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected
The Fed's dot plot, which shows 19 individual members' expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.Read More...
Fed approves quarter-point interest rate cut and sees two more coming this year
The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.Read More...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.Read More...