A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range between…
President Donald Trump will begin the final interviews of candidates for the Federal Reserve chair this week, putting back on track the formal selection process that began this summer. “We’re going to be looking at a couple different people, but I have a pretty good idea of who I want,” Trump said Tuesday night aboard…
Check out the companies making the biggest moves before the bell: AeroVironment — The drone maker slid more than 4% on the back of a fiscal second-quarter earnings miss. AeroVironment earned 44 cents per share, well below an LSEG estimate of 78 cents per share. Cracker Barrel Old Country Store — The restaurant stock dropped…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends the 1+10 Dialogue with leaders of International Economic Organisations, with China’s Premier Li Qiang (not pictured) in Beijing on December 9, 2025. Pedro Pardo | Afp | Getty Images BEIJING — China needs to “accelerate” support for domestic consumption and reduce its reliance on exports for…
Unmanned trucks transport containers at Dapukou Container Terminal in Zhoushan Port, Ningbo, Zhejiang, China, on December 9, 2025. Nurphoto | Nurphoto | Getty Images BEIJING — Supply chain diversification away from China is about to move from just talk to action. That’s what Jens Eskelund, president, European Union Chamber of Commerce in China, told reporters…
Check out the companies making headlines in after-hours trading. AeroVironment — Shares of the defense technology provider slid more than 4% after its second-quarter earnings missed analyst expectations, coming in at 44 cents per share on an adjusted basis. That’s well below the 78 cents per share that analysts surveyed by LSEG estimated. The company’s…
The Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead. Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter percentage point reduction. If that’s the case, it will take the Fed’s…
Check out the companies making the biggest moves midday: Gogo — The in-flight Wi-Fi provider dropped 10% after announcing an investment in satellite communications company Farcast . The terms were not disclosed in the announcement. Exxon Mobil — The oil giant jumped 2.7% after it updated its corporate plan through 2030. Exxon said it now…
The new Bitcoin token is photographed on U.S. $100 bills. Sopa Images | Lightrocket | Getty Images A new exchange-traded fund from Bitwise that began trading Tuesday will give retail investors and financial advisors access to a broad range of cryptocurrencies in one shot, as opposed to the ETFs so far that have mostly just…
Regional bank Fifth Third on Tuesday announced a deal making fintech firm Brex the provider of its commercial cards and expense management tools for business clients. The program will run on Brex’s embedded payments platform, which lets banks issue corporate cards and automate expense reporting using artificial intelligence tools, the companies said in a release….