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CALIFORNIA — This week in California business news, cities in the Golden State have some of the lowest home turnover rates in the nation, Kanye West is moving after trashing his former home and find out where veterans eat free this Veterans Day. Also, a Michelin-honored restaurant in Northern California suddenly closed permanently amid an […]
Asian shares opened higher but ended Friday mixed after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy. Oil prices fell while U.S.… Source link
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The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. In a move that was widely anticipated, the Federal Reserve has cut the federal funds rate by 0.25 percentage points, to a new target range of 4.50% to 4.75%. Thursday’s rate cut comes after […]
The market’s main event for the day, though, is coming later in the afternoon. Wall Street’s nearly consensus expectation is that the Fed will cut its main interest rate for a second straight time. The central bank began its rate-cutting campaign in September as it focuses more on keeping the job market humming after helping […]
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open near its lifetime low on Thursday and possibly decline further through the session, fueled by bets that Donald Trump’s U.S. presidency will herald a period of a stronger dollar and higher U.S. interest rates. The 1-month non-deliverable forward indicated that the rupee […]
BEIJING, Nov. 7 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 716.59 Euro 100 768.62 Japanese yen 100 4.64 Hong Kong dollar […]
Key events Show key events only Please turn on JavaScript to use this feature Shadow treasurer Angus Taylor says the country is off track, and asks why Australian families are paying the price for the government’s “reckless spending”. Treasurer Jim Chalmers says the Coalition gave Australia much higher public debt and student debt, while Labor […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Current Money Market Rates Right now, the average money market rate sits at 0.58%, but the best rate today is 5.00%. Here are today’s money market account rates: Average APY: 0.58% Highest Rate: 5.00% […]