Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.
Financial News
The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
While markets have made up their mind that the Fed is going to cut, there’s a vigorous debate over how far policymakers will go.
The Bank of Japan’s next rate hike may come in December, not this week: CNBC survey
CNBC surveyed economists, FX strategists and Japan-focused fund managers on their BOJ expectations and year-end forecast for the yen.
Trump safe, suspect in custody as FBI investigates apparent ‘attempted assassination’
U.S. Secret Service officers fired shots at a gunman located near the property line of Donald Trump’s golf course in Florida.
China’s retail sales and industrial data miss expectations in August
Growth in the world’s second-largest economy has slowed after a disappointing recovery from Covid-19.
Oracle’s Larry Ellison briefly tops Jeff Bezos to become world’s second-richest person
Oracle is on pace for its best week since 2021, and the rally lifted founder Larry Ellison’s net worth past Jeff Bezos for a brief period on Friday.
Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
Oracle is projecting higher revenue and capital expenditures as its cloud-computing arm grows.
Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
The consumer price index was expected to increase 0.2% in August and 2.6% from a year ago.
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
The Bureau of Labor Statistics will first release the consumer price index Wednesday and then the producer price index Thursday, both measuring August prices.
Oracle shares jump on earnings and revenue beat
While Oracle becomes more competitive in cloud infrastructure, it is also ensuring that competitors can offer its widely used database to their clients.