Fed cuts rates again as 2025 pace slows
The Federal Reserve trimmed its key rate by a quarter point for the third time this year and signaled slower cuts in 2025. Officials now project only two quarter-point rate cuts in 2025, down from four in September, a shift that spooked Wall Street as the Dow fell over 1,100 points and the Nasdaq slid about 3.5 percent. Higher rates continue to dampen business expansion.
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Supreme Court to hear TikTok ban case January 10 arguments
The Supreme Court will hear Jan. 10 arguments on the constitutionality of a federal law that could ban TikTok in the United States if its Chinese parent ByteDance does not sell it. The case centers on First Amendment challenges and a January 19 deadline, with potential interim relief possible. Content creators, TikTok users, and ByteDance oppose the measure as an unconstitutional restriction.
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Amazon workers strike at seven facilities nationwide
Teamsters say nearly 10 000 workers at 10 Amazon sites began walkouts, with seven facilities striking on Thursday to pressure a labor contract during a busy shopping period. The company expected no disruption, while unions say more workers may join the actions at locations in San Francisco, Southern California, New York City, Atlanta, and Skokie.
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Weekly Stock Winners and Losers Industry Rankings
Industry rankings summarize market activity with winners and losers across sectors. Data from iMoneyNet Inc. highlights fund performance, comparing money market funds and related securities to gauge relative strength and risk.
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