Traders see the odds of a Fed rate cut by September at 100%
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its key rate, will be lowered by a quarter percentage point to
Amazon’s Prime Day a ‘major’ cause of worker injuries, Senate probe finds
Amazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a “major” cause of worker injuries, according to the preliminary results of a Senate probe. The Senate’s Health, Education, Labor and Pensions (HELP) Committee on Tuesday released the interim results of a yearlong
Shares in gun manufacturers soar after Trump assassination attempt
Shares in gun manufacturers jumped Monday in the wake of the assassination attempt on former President Donald Trump. Smith & Wesson Brands closed up 11%, while Sturm, Ruger & Co. rose 5%. Both firms make pistols, revolvers, hunting rifles and semiautomatic
Jerome Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags”
GM’s 2025 EV production capacity target in doubt after Barra comments
General Motors’ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary Barra. The production capacity target for next year was one of
Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3%
The Dow Jones Industrial Average advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming interest rate cuts. The Dow surged by 742.76 points, or 1.85%, to close at 40,954.48. The 30-stock index hit
Kamala Harris says Trump picked JD Vance to be ‘rubber stamp’ for former president’s ‘extreme agenda’
Vice President Kamala Harris said in a newly released video that former President Trump selected Sen. JD Vance, R-Ohio, as his running mate to be a ‘rubber stamp’ for the Republican White House hopeful’s ‘extreme agenda.’ This comes ahead of Vance’s
McCarthy says Trump showing ‘real leadership’ to the world after assassination attempt
Milwaukee, Wis.—President Trump is showing ‘real leadership’ to ‘not just America, but the world’ following the attempt on his life over the weekend — drawing a stark contrast between himself and President Biden, former House Speaker Kevin McCarthy said. McCarthy
Former NY congressman lays out Dems’ years-long escalating rhetoric ahead of Trump assassination attempt
Former New York Republican Rep. Lee Zeldin said he’s ‘tired’ of seeing Republicans verbally and physically attacked, arguing that anti-Trump and anti-GOP rhetoric has reached new highs across the years. ‘The rhetoric has gotten so bad between, yes, the bullseye comment,
Delegates seen wearing ear bandages at Republican convention in solidarity with Trump
Several delegates at the Republican National Convention (RNC), including Arizona’s Stacey Goodman and Joe Neglia, were spotted donning ear bandages that mirrored the one being worn by former President Trump after he was wounded during an assassination attempt at his Pennsylvania rally