Dow Jones hits fresh high as Fed meeting looms
The Dow Jones rose 228 points to a new record on a quiet Monday while investors await the Federal Reserve meeting. The S&P 500 edged up 0.1 percent near its own record. Nasdaq dipped as Apple and Nvidia fell. Oracle and Alcoa climbed on earnings and deals, with broad caution about rates and the job market shaping bets on a possible half-point Fed cut.
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Fed poised to cut rates as economy eyes relief
The Federal Reserve signals a rate cut from a 14-year peak with markets watching for the size of the cut and the path ahead. Home buyers and businesses anticipate lower borrowing costs, while economists warn the soft landing remains uncertain amid ongoing growth and inflation concerns.
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Buffett Family Poised to Uphold Generational Giving
Omaha tale of Warren Buffett's heirs Howard Susie and Peter prepared to receive his nearly 144 billion fortune via a charitable trust that will guide a decade of give away. The trio already runs major foundations including Sherwood NoVo and Howard G Buffett with global initiatives in health, gender equity, agriculture, and conflict relief.
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