Now that the Federal Reserve Board has met and we know for a fact that change is coming to interest rates (starting with a cut of 0.50%), it may be time to reevaluate where you’re putting your money. Although high-yield savings accounts had their day, this first drop in rates may well be the beginning…
The Federal Reserve had been talking about cutting interest rates since the start of 2024. On Sept. 18, it finally took action. The central bank lowered its benchmark interest rate by half a percentage point, marking a fairly aggressive first rate cut in what’s likely to be a series of many. You may or may…
Michael Jackson’s estate has initiated legal proceedings against a former associate of the late pop icon, who threatened to raise fresh allegations of inappropriate conduct before the release of a film the executors hope will quell the child sex abuse claims that shadowed his later years. The man and four others told the estate in…
A weak quarterly report shows the logistics giant’s turnaround efforts will take time to show results. FedEx (FDX -14.94%) reported weaker-than-expected quarterly results after the closing bell Thursday, and lowered its profit outlook for the fiscal year. Investors Friday don’t appear interested in going along for the ride — they’ve sent FedEx shares down by…
Check out the companies making headlines before the bell. Nike — Shares rose 6% after the athletic apparel company announced CEO John Donahue would be retiring from the position . Company veteran Elliott Hill will be coming out of retirement to take the position. FedEx — Shares of the shipping giant shed more than 13%…
Chandigarh, August 22, 2024: A disturbing case has surfaced in the banking sector, as an officer from Indian Bank’s Sector 17B branch in Chandigarh has been arrested for his alleged involvement in a money laundering scheme. The officer, Mr. Avinash Kumar, who was responsible for promoting the opening of savings accounts through Tab Banking for…
New Oriental Education: Capital Return Improvement And Margin Expansion Are Potential Catalysts Source link
If you were looking to lose weight this week, the odds were highly stacked against you. Just two days after National Cheeseburger Day wrapped up, we’re now at National Pepperoni Pizza Day. As with any food-based holiday, this is (of course) an excuse to be gluttonous and for companies to move more product. But seeing…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel targeted a senior Hizbollah commander on Friday in an air strike on the group’s stronghold in southern Beirut, sharply escalating hostilities between the two sides and fuelling fears of a full-blown war. The target…
Musk’s favorite excuse is going away. Stocks soared Thursday after the Federal Reserve cut interest rates by 50 basis points the day before. One of the biggest winners was Tesla (TSLA -1.96%). Shares jumped 7.4% as investors saw the rate cuts as a clear tailwind for the U.S.’s largest electric vehicle (EV) maker. That gain…
