Powell signals possible Fed rate cut on Sept 17 18
Fed Chair Jerome Powell indicated a first rate cut in four years could be on the table if inflation continues to ease and the job market stays cool. The Fed left its policy rate at 5.3 percent, citing inflation progress while noting job gains have moderated and unemployment rose.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Jerome Powell
Central Bank
Fed
Powell
Kamala Harris
Donald Trump
Congress
Mark Zandi
Moody’s Analytics
Big tech stocks lead Wall Street rally on rate cut hopes
Tech shares surged as the S P 500 rose 1.6 percent and Nvidia jumped nearly 13 percent while AMD climbed 4.4 percent. Investors priced in a potential Federal Reserve rate cut as yields eased after Powell signaled cuts could come by September.
MENTIONED IN THIS ARTICLE
New York
U.S
Wall Street
Treasury
Federal Reserve
Fed
Jerome
Nvidia
Boeing names Ortberg as new CEO amid $1.4B loss and investigations
Boeing named Robert Ortberg, a former Rockwell Collins CEO, as chief executive effective August 8 to lead a company facing criminal fraud charges, FAA scrutiny, and a multi billion dollar loss in the latest quarter. David Calhoun to stay as adviser through March. Ortberg to be based in Seattle near 737 Max production sites.
MENTIONED IN THIS ARTICLE
Boeing
Robert “Kelly
Ortberg
Rockwell Collins
David Calhoun
Calhoun
Wall Street
Federal Aviation Administration
Alaska Airlines
Steven Mollenkopf
Mollenkopf
Seattle
U.S. nears recall for huge air bag inflators
U S auto safety regulators urge recall of more than 50 million ARC inflators in 13 makers vehicles after injuries and deaths linked to ruptures. NHTSA notes seven on-field ruptures in U S and Canada since 2009 and four outside the U S with one death. Public comments from automakers argue against a systemic defect while agency seeks 30 day comments before final action.
MENTIONED IN THIS ARTICLE
Detroit
U.S
National Highway Traffic Safety Administration
ARC Automotive Inc
Tennessee
United States
Canada
NHTSA
NHSTA
ARC and
Automakers
Also Mentioned on This Page
Christopher Rugaber
Associated Press
the Market IN Review
Dow Jones Industrials
S&p 500
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
S&p
Wilshire
Russell
Chris Larkin
Morgan Stanley
Renton
Robert Ortberg
Nvidias
AMD
LumenTch
Lakesiden
PepGen
DallasNws
Sigmatr
Fordm
Powellinds
Definhi A
Tesla
Cannars
AvidXch
SoFiTech
Amber
Intel
Apple Inc
Linde
Abbott Lab
Lockhdm
AbbVie
Lowes
Accenture
Adobelne
MasterOrd
Alibaba
Merck
Microsoft
Amazon
MorgStan
AmExp
Netflix
Amgen
NiSource
Nordson
Taf
ApriMat! AstraZen
Northropg Novartis
Avient
NovoNordis
BkofAm
Berkh B
Oracle
Caterpillar
PNC
Chevron
ParkerHan
Cisco
Coca Cola
PepsiCo
Comcast
Pfizer
Costco
Philip Mor
Danaher
ProctGam
Darden
Qualcom
DiebldNix
CineEquity
SAP SE
Disney
Salesforce
ServeNow
Eli Lilly EmersonEl
Shell PLC ExxonMbl
Shrwin
Smucker
FirstEngy
T-Mobileus
FEMSA
TaiwSemi
GE Aero
TexInst
Goldmans
Ussteel
HuntBnesh
UtdhlthGp
IBM
VerizonCm
Intuit
Visa
Jpmorgch
WalMarts
JohnJn
Wells Fargo
Keycorp Wendys Co
NYMX
New York Mercantile Exchange
CBOT
Chicago Board of Trade
CME
Chicago Mercantile Exchange
ICE
Intercontinental Exchange
Doe
SEC
Mutual Fund
The
AmrcnBalAm
FdmitlInvsAm
Grfamrca m
Incamrca m
Invcamrca m
NwPrspctvAm
Wamtinvsam
Dodge & Cox Incl
Dodge & Cox Stil
Fidelity
Fidelity BC
Fidelity Group
Pimco Inclustl
Schwab
Vanguard
Vanguard DivGrinv
Vanguard EqIncAdmrl
Vanguard GridxAdmrl
Vanguard Intiteadmrl
Vanguard PrmCpAdmrl
ANL
Admil