Latest in Rates Drop
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Federal Reserve lowers rates by a quarter point
The Federal Reserve announced it is lowering the interest rate by a quarter point. NBC News’ Christine Romans explains what this means for the progress of inflation.Top stories - NBC News - Yesterday -
Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - Yesterday -
Fed Cuts Interest Rates by a Quarter Point, but the Path Ahead Is Less Clear
The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.Business - The New York Times - Yesterday -
Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds
Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.Business - CNBC - November 1 -
Should you lock in a mortgage rate after the November rate cut? Experts weigh in
Aside from the November rate cut, several factors play a role in timing your mortgage rate lock.Top stories - CBS News - 4 days ago -
What will happen to home equity loan rates after this week's Fed rate cut?
Another Fed rate cut is expected this week. Here's what that could mean for home equity loan rates.Top stories - CBS News - 4 days ago -
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.Business - CNBC - Yesterday -
Zelenskyy pleads for more aid as Russia drops glide bombs on Ukraine
Russia has been dropping new glide bombs on Ukraine. The bombs use old Soviet-era ammunition retrofitted with wings and GPS systems. Holly Williams reports.Top stories - CBS News - October 13 -
The stats and shoes behind Chepngetich's jaw-dropping marathon world record
How the Kenyan took a step beyond what was thought by knocking almost two minutes off the previous best in Chicago.Top stories - BBC News - October 14 -
It Could Cost OpenAI a Lot to Drop its Nonprofit Structure
Leading AI firm OpenAI is valued at $157 Billion, but turning it into a for-profit company could mean a very expensive, complicated set of legal proceedings.Business - Inc. - October 14 -
In Wisconsin, election officials push back against critics of drop boxes
Wisconsin election officials are reassuring the public about the safety of ballot drop boxes, which have been the subject of conspiracy theories in the state since 2020.Top stories - ABC News - October 14 -
UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability
UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...Business - MarketWatch - October 15 -
TotalEnergies forecasts 66% drop in its third-quarter oil-refining margins
The French oil company’s warnings comes on the back of a slump in the global market for products including jet fuel, diesel and gasoline that saw BP and Shell post similar warnings last week.Business - MarketWatch - October 15 -
ASML shares drop sharply after warning on semiconductor recovery
Gloomy outlook from Europe’s most valuable tech company drags down stocks from Nvidia to ArmBusiness - Financial Times - October 15 -
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingBusiness - Financial Times - October 16 -
Nvidia, AMD shares extend drops as investors get spooked — but should they be?
An ASML warning about the health of the semiconductor market is one factor weighing on AI chip stocks Tuesday — but one analyst says Nvidia investors shouldn’t be worried.Business - MarketWatch - October 15 -
Chrysler and Jeep maker sees North American deliveries dive 36%
Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024Business - MarketWatch - October 16 -
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.Business - The New York Times - October 17 -
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Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17 -
Harvard donations drop sharply in wake of criticism over Israel protests
Donors and alumni cut gifts to west’s wealthiest university by 14% to below $1bn with endowment fund taking brunt of hitWorld - Financial Times - October 17 -
Charges dropped against Tyron McAlpin following release of arrest video
The announcement comes after police body camera video of Tyron McAlpin's violent arrest became public and sparked outcry.Top stories - CBS News - October 17 -
Charges against deaf Black man beaten by Phoenix police dropped
Prosecutors in Arizona have dropped all charges against a deaf Black man with cerebral palsy who was beaten by Phoenix police in August after he didn’t respond to their orders, authorities ...Politics - The Hill - October 18 -
Some NBA player props dropped after Porter case
FanDuel, DraftKings and BetMGM are among the sportsbooks that will not offer under bets on NBA players on two-way or 10-day contracts to combat manipulation, following discussions between the ...Sports - ESPN - October 18 -
Charges Against Deaf Black Man Punched by Phoenix Police Are Dropped
The man, Tyron Scott McAlpin, who also has cerebral palsy, was repeatedly punched and shocked with a Taser by the police during an arrest in August. The arrest is under investigation.Top stories - The New York Times - October 18 -
Harvard donations drop; alums cut ties over anti-Israel protests
Harvard, the nation's richest university, saw donations plunge 15% after campus protests, new report shows.Politics - The Hill - October 19 -
Lucid CEO defends $1.75 billion capital raise following stock drop
Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.Business - CNBC - October 22 -
Disney Drops Blade From 2025 Release Calendar, Adds Predator Movie
For months, it's been obvious that there was no way that Marvel Studios' Blade movie was going to make its 2025 release. Now, it's official: Disney has dropped Blade from its November 7, 2025 ...Tech - GameSpot - October 22 -
Follow live: Lakers, Wolves going neck-and-neck late in season opener
nullSports - ESPN - October 23 -
Nigeria drops money laundering charges against detained Binance executive
US citizen who heads financial crime compliance at crypto exchange had been held since FebruaryWorld - Financial Times - October 23 -
Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings
“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.Business - The New York Times - October 23
