Today: September 19, 2024
Today: September 19, 2024

After jumbo Fed rate cut, market hopes ride on US soft landing

Federal Reserve Chair Jerome Powell interest rate announcement at the New York Stock Exchange (NYSE) in New York City
September 19, 2024

By Lewis Krauskopf and Davide Barbuscia

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German media empire Axel Springer to split in deal with KKR

German media empire Axel Springer will be split between CEO Mathias Doepfner and private equity firm KKR, the company said on Thursday, in a deal that secures the

German media empire Axel Springer to split in deal with KKR
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US holiday sales to grow 3% again with promotions in focus, Mastercard forecasts

U.S. retail sales are expected to rise 3.2% in the holiday season as companies look to deals to attract thrifty shoppers during a shorter-than-usual shopping window this year, a Mastercard

US holiday sales to grow 3% again with promotions in focus, Mastercard forecasts
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Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut

Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut

Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Business|Economy|Finance|News

US home sales fell in August despite easing mortgage rates, more homes on the market

Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising

US home sales fell in August despite easing mortgage rates, more homes on the market
Business|Economy|Finance

US current account deficit widens sharply in second quarter on imports

The U.S. current account deficit widened sharply in the second quarter, reaching its highest level in more than two years amid a surge in imports of goods.

US current account deficit widens sharply in second quarter on imports
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Macquarie unit to pay nearly $80 million to settle SEC charges

Macquarie unit to pay nearly $80 million to settle SEC charges
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Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports

Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports
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Union Pacific expects revenue to grow faster than volumes over next three years

Union Pacific expects revenue to grow faster than volumes over next three years
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Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash

Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash