Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. Aaron Clamage | CNBC There were two dissenters from the Federal Reserve’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, in two different directions. Federal Reserve Governor Stephen Miran instead called…
The Federal Reserve is expected to cut interest rates on Wednesday, and wealthy U.S. households may benefit most. The federal funds rate is the interest rate at which banks borrow and lend to one another overnight. A quarter-point reduction would bring the benchmark rate to a range between 3.75%-4.00%. It could fall to 3.1% by…
These are the stocks posting the largest moves midday. <
Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025. Eric Lee | Bloomberg | Getty Images Microsoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the…
The logo and lettering of Paramount Skydance Corporation can be seen at a Paramount stand at the Media Days in Munich (Bavaria, Germany). Matthias Balk | Picture Alliance | Getty Images Paramount Skydance is slashing nearly 1,000 jobs beginning on Wednesday, just months after the close of its merger, according to a person close to…
Alphabet is set to report third-quarter earnings after the bell Wednesday. Here’s what analysts are expecting according to LSEG consensus: Revenue: $99.89 billion Earnings per share: $2.26 Wall Street is also watching several other numbers in the report: YouTube advertising revenue: $10.01 billion, according to StreetAccount Google Cloud revenue: $14.74 billion, according to StreetAccount Traffic acquisition costs (TAC): $14.82…
The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023. Gene J. Puskar | AP General Motors laid off roughly 1,700 workers across its manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market. The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550…
Target’s merchants and designers have drawn inspiration from traveling to rodeos, ski lodges and college campuses. Some of the retailer’s fall accessories have western accents, such as purses with fringe and cowgirl-inspired hats. Melissa Repko | CNBC MINNEAPOLIS — When shoppers browse Target‘s aisles this fall, they will see purses with fringe accents, dresses made of…
Cheng Xin | Getty Images News | Getty Images Fiserv‘s stock plummeted 44% Wednesday and headed for its worst day ever after the fintech company cut its earnings outlook and shook up some of its leadership team. “Our current performance is not where we want it to be nor where our stakeholders expect it to…
Check out the companies making headlines in premarket trading. Nvidia — Shares climbed 3.5% in Wednesday’s premarket trading, building on the rally of around 5% seen in the prior session. The chipmaker is now closing in on the $5 trillion market cap milestone , which no other company has hit before. Boeing — The aerospace…
