Japanese radio equipment maker Icom said it no longer produces or sells two-way radio devices which reportedly exploded in Lebanon.
Here’s what the Federal Reserve’s interest-rate cut means for mortgage rates.
The most important issue that nearly everyone is ignoring
The Federal Reserve cut its policy interest rate by half of a percentage point on Wednesday, a more aggressive move than many economists expected.
Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here’s why.
Stocks reacted erratically to the Federal Reserve’s bulky 50-basis-point interest-rate cut on Wednesday. But by the time the dust had settled, two clear winners had emerged.
Shares of Steelcase Inc. fell after hours on Wednesday after the office-furniture maker’s third-quarter sales outlook came up short of Wall Street’s estimates, amid weaker demand from big corporate customers and from China.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Construction on new U.S. homes rose 9.6% in August, the Commerce Department said Wednesday.
John Paulson, the investor who successfully bet against the subprime-mortgage bubble, said he would withdraw his money from the market if Vice President Kamala Harris wins in November.
GM offering an approved NACS DC adapter for purchase through its apps.
The Bank of England unlikely to join peers in cutting rates this month as it’s stymied by stubborn service sector inflation.
Merck & Co. Inc. said Wednesday the U.S. Food and Drug Administration has approved its blockbuster cancer drug Keytruda as a treatment for malignant plural mesothelioma, a rare cancer associated with asbestos.
General Mills Inc.’s stock was down 2.7% in premarket trading on Wednesday after the packaged food giant said its first-quarter profit fell 14% due to inflation and pressure on margins.
Oil futures fell Wednesday, feeling pressure after industry data showed a rise in U.S. crude and product inventories as investors awaited an expected Federal Reserve rate cut.
The directors said the decision comes after months of work that failed to result in an actionable plan that meets the interests of non-affiliated shareholders.
The Fed’s interest-rate cuts will soften the prices consumers pay for debt — but people may not see an impact on their payments for a while.
Mortgage applications rose 14.2% in the last week, the Mortgage Bankers Association said.
Shares of Intuitive Machines Inc. are skyrocketing Wednesday, lifted by the award of a NASA contract that could be worth up to $4.82 billion.
It may be a puzzle as to why the Fed is cutting at all when the economy is far from recession. One indicator suggests an answer.
