News Highlights: Top Global Markets News of the Day - Thursday at 5 AM ET
Fed Cuts Rates by Half Percentage Point
The central bank's decision brings the benchmark federal-funds rate to a range between 4.75% and 5% and follows an all-out fight against inflation launched two years ago.
Big Rate Cut Forces Fed to Contend With New Obstacles
How big will the next cut be? And what's the right interest rate anyway? Still, Fed Chair Jerome Powell made one thing clear: He really wants to stick the landing.
The Fed Has Significantly Improved the Odds of a Soft Landing
Inflation and the labor market look normal, interest rates looked abnormal-until the Fed acted.
Bond market gets a Fed wake-up call after pricing in a recession
Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here's why.
New Car Sales Slump in Europe on Weakening Demand, EV Decline
Stellantis and Volkswagen suffered significant falls in new-car registrations in August, contributing to a sharp overall decline in the European Union, as demand weakened in key markets and electric-vehicle sales fell.
Why the Bank of England Won't Follow the Fed
The BOE got ahead of the Federal Reserve by making its first cut since the Covid-19 pandemic at the beginning of August.
Norges Bank Holds Key Rate, First Cut Seen at Beginning of 2025
Norway's central bank held its key policy rate at 4.5%, a level that is expected to remain unchanged until the end of the year as a weak krone continues to threaten efforts to bring inflation down.
Lower Rates Yield a Loser: Berkshire Hathaway
Berkshire had $277 billion in cash and equivalents at the end of the June, and the bulk of it is invested in high-yielding Treasury bills.
Tech Jobs Have Dried Up-and Aren't Coming Back Soon
Employment for software engineers has cooled as resources shift toward developing artificial intelligence.
Republican Divisions Sink House Bill as Government Shutdown Nears
Donald Trump urges party to take a hard line on election security in negotiations with Democrats.
(END) Dow Jones Newswires
September 19, 2024 05:15 ET (09:15 GMT)
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