Fed’s high rates era handed $1tn windfall to US banks
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GameSpot - Tech
Tales Of The Shire Hands-On: Concerned About Hobbits
Resident Tolkien fan Lucy James spent some time with Tales of the Shire, a cozy life sim from Weta Workshop where you play as a hobbit, and came away feeling mixed.2 hours ago -
MarketWatch - Business
The Fed’s rate cut should make it easier to get a job — eventually. Here are the industries that could ramp up hiring first.
Some sectors are more likely to pick up hiring as borrowing costs fall. Here’s what that could look like.3 hours ago -
MarketWatch - Business
Investors cheer a soft landing scenario after Fed’s big rate cut. But they’re still keeping their guard up for a downturn.
The Federal Reserve finally gave stock-market investors what they wanted this week by cutting interest rates for the first time since March 2020, making a soft landing for the economy more likely ...4 hours ago -
Financial Times - Business
Fed’s high-rates era handed $1tn windfall to US banks
Lenders charged more for loans but kept interest payments to savers down, FT analysis finds8 hours ago -
MarketWatch - Business
After Fed’s 50-basis-point rate cut, where should I invest $50,000? I’m 38 — and have a high risk tolerance.
The U.S. Federal Reserve made its biggest cut to the benchmark rate in 16 years on Wednesday.13 hours ago -
Financial Times - World
Banks slash loans to UK North Sea oil groups as windfall tax hits industry
Sector at standstill as levy on profits and plans to close tax loopholes creates uncertainty16 hours ago - United Kingdom -
CBS News - Top stories
Tupperware's bankruptcy filing marks end of an era
Tupperware, the iconic brand that was once a staple of American kitchens, filed this week for bankruptcy, citing what it called "macroeconomic challenges." Nancy Chen takes a look at the role it ...19 hours ago -
MarketWatch - Business
CDs paying 5% are a dying breed. Here’s how to find high savings rates while you still can.
Many 5% CDs are going away in the weeks after the Fed’s first interest-rate cut. Some have already disappeared.Yesterday -
MarketWatch - Business
Why Fed bets were so out of whack: Waller explains what put him ‘over the edge’ for a jumbo rate cut
Inflation might actually fall too far, the Fed governor says, opening the door wider for more half-point interest-rate cuts.Yesterday - Federal Reserve -
MarketWatch - Business
Gold’s record rally gets added jolt from Fed rate cut. Is there anyone left to buy?
Some analysts warn the pool of potential gold buyers could begin to run dry.Yesterday - Federal Reserve -
MarketWatch - Business
Small-cap stocks post longest rally since 2021 after Fed rate cut. What’s next?
Small-cap stocks just saw their longest winning streak in three and a half years, after the Federal Reserve recalibrated its monetary policy with a big interest-rate cut.Yesterday - Federal Reserve -
MarketWatch - Business
The Fed decision’s lone dissenter worries the bigger rate cut sends a ‘premature victory’ message to markets
Michelle Bowman was the first Federal Reserve governor to dissent from an interest-rate decision since 2005.Yesterday - Federal Reserve -
MarketWatch - Business
The Fed rate cut scared me. Where should I invest my $127,000 in savings now?
This reader wonders whether CD rates, high-yield savings accounts and bond ladders are still smart moves, even if interest rates keep dropping.Yesterday - Federal Reserve -
MarketWatch - Business
Jamie Dimon: Only 5% of everyday Americans probably know about the Fed’s historic interest-rate cut
JPMorgan Chase CEO Jamie Dimon suggests the half-point interest-rate cut is “a minor thing” that Wall Street — not Main Street — is obsessing over.Yesterday -
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Financial Times - World
Investors hope US rate cuts will provide lift for emerging market debt
Local currency bonds have lagged this year but Fed’s move is expected to ease pressure on developing nationsYesterday -
The Guardian - World
Kamala Harris at Wisconsin rally: ‘Women have died because of Trump’s abortion bans’ – live
Vice-president again highlighted case of Amber Thurman, who died in Georgia due to strict abortion ban. Kamala Harris will be in Georgia today and is expected to speak about Donald Trump’s role ...Yesterday - Abortion -
The New York Times - Top stories
Georgia Election Board Orders Hand-Counting of Ballots
Critics say the move could significantly delay the reporting of results in the battleground state and inject chaos into the post-election period.Yesterday -
Wired - Tech
Welcome to the Era of ‘Deep Doubt’
AI has scrambled our ability to tell what’s real and what’s synthetic. But there are tools and techniques to help stay grounded in truth.Yesterday -
The New York Times - Sports
With Vintage Aaron Rodgers in the Driver’s Seat, This Is a New Jets Era
If its quarterback is going to play at this level all season, this team and its fans can dream big again, a columnist for The Athletic writes.Yesterday -
MarketWatch - Business
Oil prices log weekly gains after Fed rate cut, rising Middle East tensions
Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in tensions in the Middle East.2 days ago - Federal Reserve -
CBS News - Top stories
Should you borrow home equity now that the Fed has cut rates?
It could be a smart time to borrow from your home's equity — but you should consider a few factors first.2 days ago - Federal Reserve -
NBC News - Politics
Georgia election board orders votes to be counted by hand
A newly adopted rule requires at least three election workers to hand count ballots in each precinct on election night. NBC News' Priya Sridhar explains the widespread criticism of the rule.2 days ago -
The New York Times - Business
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions.2 days ago - Federal Reserve -
CBS News - Top stories
Should you buy a home after the Fed's big rate cut?
There are some compelling reasons why homebuyers may want to act now that the Fed has cut rates. Here's what to know.2 days ago -
Financial Times - Business
Top Fed official would back more aggressive interest rate cuts if US data worsen
Influential governor Christopher Waller says inflation is falling more quickly than he expected2 days ago - Federal Reserve -
Financial Times - World
NI High Court deals blow to body investigating Troubles-era atrocities
Government’s ability to veto sensitive information breaches international human rights law, court finds2 days ago -
The Hill - Politics
The Fed finally cut interest rates — but let's not get too excited just yet
If you're running a small business, this cut in interest rates will have little impact.2 days ago - Federal Reserve -
Yahoo Sports - Sports
Go West? The next wave of realignment is in Memphis' hands
The Pac-12’s resurgence — taking four Mountain West members — has left one school, it seems, with a decision that could completely reshape the Group of Five.2 days ago -
MarketWatch - Business
Stocks at risk of a bubble after Fed’s jumbo rate cut, BofA strategist says
One Bank of America strategist thinks the Federal Reserve’s decision to cut interest-rates by 50 basis points this week will ultimately end in tears for investors.2 days ago -
ABC News - Top stories
Will the Fed cut interest rates again this year? Experts weigh in.
The Fed delivered a large interest rate cut this week. Will they do it again?2 days ago - Federal Reserve -
Financial Times - World
BoJ holds interest rates and upgrades consumption outlook
Central bank forecasts Japanese economy will keep growing at a pace above its potential growth rate2 days ago -
CNBC - Business
China unexpectedly leaves benchmark lending rates unchanged after Fed’s jumbo cut
The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.2 days ago - China -
CNBC - Business
Bank of Japan keeps key interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen's slide against the U.S. dollar.2 days ago -
The New York Times - Business
Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.2 days ago -
The New York Times - Lifestyle
Uncrustables Painting by Noah Verrier Sells for $4,999
Noah Verrier’s oil painting of an Uncrustables sandwich sold for $4,999. It looks delicious.4 days ago