Fed cuts 50bps to 5%It finally happened. After 14 months at peak rates, the Fed cut rates by 50bps yesterday, lowering the fed funds rate to 5% from 5.5%.Weakening labor market pushed Fed from no cut in July to jumbo cut in…
By Erwin Seba and Nicole Jao PITTSBURGH (Reuters) -At a meeting of United Steelworkers union officials this week, presidential politics was off the agenda, a departure from past election-year gatherings and a sign of the division between…
(Reuters) -Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter.Intel's shares closed up 3.3%, while Qualcomm was down 2.9%.Intel has been…
In a resolution adopted on Thursday 19 September by 309 votes in favour, 201 against and 12 abstentions, Parliament “strongly condemns and fully rejects the electoral fraud orchestrated by the regime-controlled National Electoral…
By Georgina McCartney (Reuters) - Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. futures settled down 39 cents, or 0.52%, at…
Getty ImagesStarlink satellites are usually easily seen by the naked eye in the night skyRadio waves from Elon Musk’s growing network of satellites are blocking scientists’ ability to peer into the universe, according to researchers in!-->…
By Anushree Mukherjee (Reuters) - Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East. was up 1.3% at $2,620.63 per…
Investing.com-- Oil prices cut losses Friday, to remain on track for a weekly gain as a bumper U.S. interest rate cut helped quell some fears of slowing demand. At 1:43 p.m. ET (1743 GMT), rose 0.01% to $74.89 a barrel, while…