Author Archives: Syndicated Content
Fed slashes rates 50 bp in first easing since pandemic
(Reuters) -The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction i...
Sep 18, 2024
US rate futures imply more easing this year after Fed's 50-basis-point cut
NEW YORK (Reuters) -Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by...
Sep 18, 2024
Fed's Powell: Central bank forecasts don't point to urgent action
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don't imply an urgent process. "There's no...
Sep 18, 2024
Two EU countries to submit debt reduction plans by Commission's deadline
By Jan Strupczewski BRUSSELS (Reuters) - Only Malta and Denmark will submit their debt reduction plans to the European Commission by the initial September 20 deadline set by the EU's new fiscal rules,...
Sep 18, 2024
Hims & Hers offers compounded Wegovy for $99 a month to select professions
By Amina Niasse NEW YORK (Reuters) - U.S. telehealth company Hims & Hers Health on Wednesday said it will sell compounded versions of Novo Nordisk's popular weight-loss drug Wegovy to patients in cert...
Sep 18, 2024
Argentina economy shrinks 1.7% in Q2, extending recession
BUENOS AIRES (Reuters) - Argentina's economy shrank 1.7% in the second quarter compared to the previous three months, the country's statistics agency said on Wednesday, extending a recession the South...
Sep 18, 2024
Truist lowers prime lending rate in tandem with Fed's rate cut
(Reuters) - Truist Financial said on Wednesday that the bank has lowered its prime lending rates by 50 basis points to 8%, effective Thursday, matching the U.S. Federal Reserve's rate cut. (Reporting ...
Sep 18, 2024
NZ regulator to sue Jetstar over misleading compensation claims
(Reuters) - New Zealand's competition watchdog will take Qantas' low-cost arm Jetstar to court alleging the airline misled consumers about their rights to compensation over delayed and cancelled fligh...
Sep 18, 2024
Foreign holdings of US Treasuries rise to a record in July
(Reuters) - Foreign holdings of U.S. Treasuries rose to a record high in July, while Japan's U.S. government bond assets fell to the lowest since October, data from the Treasury Department showed on W...
Sep 18, 2024
US borrowers to get quick relief as Fed cuts rates, analysts say
By Nupur Anand and Saeed Azhar NEW YORK (Reuters) - U.S. consumers are expected to get a quick reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the ...
Sep 18, 2024
