
The Federal Reserve, the US central bank, lowered its benchmark interest rate by 25 basis points on Wednesday. The move comes as the US economy deals with sticky inflation, slowing jobs figures and a lack of official data because of the government shutdown. Stock markets reacted favourably to the news initially, but were then weighed down by concerns related to the tech sector. Also in this edition: Donald Trump signals his support for a change of ownership at CNN. Plus, we bring you some data on Venezuela’s oil industry.
Trending
- The Day the Earth Stood Still Review: Movie (1951)
- Alice Hoffman Talks ‘Witches of Cambridge’ and ‘Practical Magic 2’
- Evonik rejects $11.7 billion BASF takeover bid, FT reports
- Why diesel prices are rising and what it means for Europe
- Trump expects Iran talks next week after rejecting seven-day truce proposal
- TotalEnergies raises buybacks and pledges higher dividends as oil trades around $100
- Endgame Encore Scores $86 Million Opening Weekend
- Argentina’s poverty rises to 32 percent under Milei with more pain forecast | Inequality News
