The widely expected 25 basis points (bps) rate cut by the US Federal Reserve last month pretty much confirmed that low interest rates are here to stay. The cut in the benchmark federal funds rate to a range of 2% to 2.25% is the first since December 2008.
With their new statement disavowing “shareholder value,” the CEOs of the country’s biggest corporations are trying to send a message: we feel your pain and we want to do better. They’re empty words, but it’s the latest sign that the masters of the universe are getting nervous about capitalism’s waning popular legitimacy.
Jim Cramer breaks down how short bets against Lowe’s helped power the stock’s rally on a second quarter beat and raise.
The availability of guns at Walmart has become a hotly debated issue in the wake of two deadly shootings at its stores that killed 24 people.
Pilot expressing support for HK protesters no longer employed by airline.The Cathay Pacific pilot who announced “Hongkongers, add oil! Be careful.” over the plane’s intercom has left the company.
The nation’s central bank should not submit to politics.
Markets are entering a holding pattern.
Target is rocking, to say the very least.
High-profile case alleging ‘gross negligence’ on Tesla’s part finds Elon Musk’s outfit in midst of reboot of PV business, weeks after reporting record-low solar roll-out.
Stock market gains and employer contributions helped boost balances.
