Benz Cuts
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The New York Times - Business
GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.17 minutes ago -
ESPN - Sports
Ancelotti: Players would cut pay to play less
Real Madrid coach Carlo Ancelotti believes players would be willing to take a pay cut in exchange for fewer games played during the season.27 minutes ago -
CNBC - Business
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Waller told CNBC that the data is showing core inflation in the Fed's preferred measure is running below 1.8%30 minutes ago - Federal Reserve -
CNBC - Business
Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Mercedes shares fell more than 6% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.42 minutes ago -
NBC News - Top stories
OK, so there was an interest rate cut. What do I do now?
The Federal Reserve’s decision Wednesday to lower its key interest rate by half a percentage point brought some clarity to the country’s top financial decision-makers, sending stocks surging to ...52 minutes 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 hours ago - Federal Reserve -
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.3 hours ago -
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Financial Times - World
China’s electric carmakers warn of EU investment cuts over tariff threat
Statement comes as talks continue between Beijing’s commerce minister and European trade commissioner3 hours ago - China -
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?4 hours ago - Federal Reserve -
MarketWatch - Business
Oil on track for weekly gains after Fed rate cut, rising Middle East tensions
Oil futures were on track for solid weekly gains, boosted by the Federal Reserve’s large rate cut and a renewed rise in tensions in the Middle East.4 hours ago - Federal Reserve -
Financial Times - Business
Mercedes-Benz shares fall after profit warning
German carmaker lowers full-year outlook on weakness in Chinese demand7 hours ago -
Financial Times - Business
Why half of voters think Labour has done a poor job so far
Dodgy donations, infrastructure challenges and anticipation of October’s ‘painful’ Budget weigh on party’s approval ratings7 hours ago -
MarketWatch - Business
Mercedes-Benz cuts guidance on slump in China’s economy
Mercedes-Benz shares fell 8% on Friday morning as the company cut its guidance for the second time since July8 hours ago - China -
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%.10 hours ago - China -
Financial Times - World
Coffee producers fear being cut off from EU by new land protection law
Drinks company JDE Peets pleads for year’s delay on ban on supplies from deforested areas over lack of guidelines12 hours ago - European Union -
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.19 hours ago