Meta and Microsoft shares jumped after both tech giants posted stronger-than-expected quarterly results on Wednesday, with AI ...

US stocks closed mixed on Wednesday, giving up earlier gains after Federal Reserve Chair Jerome Powell dampened expectations for near-term rate cuts. The S&P 500 slipped 0.12% to 6,362.90, the Dow ...

“We now expect that by September, the underlying softness in the economy will make a cut not just justified, but necessary.” ...

US Treasury yields rose after Federal Reserve chair Jerome Powell struck a hawkish tone, casting doubt on the likelihood of a rate cut at the central bank’s September meeting.

The rebound was driven heavily by a sharp contraction in the trade deficit, with imports falling faster than exports. That distortion flattered the GDP figure, even as core domestic demand — the true ...