Fed holds key rate steady, still sees two more cuts this year
The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting this week. ...
Economy
Reddit stock jumps after company rolls out new AI advertising tools
Reddit shares rallied after the company announced new AI advertising tools to help brands improve engagement. ...
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee
JPMorgan, the biggest U.S. bank by assets, shook up the card industry with the launch of the Sapphire Reserve almost…
Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
Respondents continue to forecast weaker growth and higher inflation than they did at the beginning of the year. ...
Trump signals escalation in Israel-Iran conflict as he leaves G7 summit early
The conflict also prompted a statement from G7 leaders, affirming support for Israel, while calling for a resolution to the…
Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
Sentiment among the nation's homebuilders fell due to stubbornly higher mortgage rates, tariff concerns and economic uncertainty among consumers. ...
Santos shares soar over 15% on ADNOC-led group’s $18.7 billion takeover bid
The move marks the biggest intraday jump in Santos' shares since April 2020. ...
China’s May retail sales grow at fastest pace since December 2023 as subsidies help boost consumption
Growth in industrial output slowed to 5.8% year on year in May from 6.1% in the prior month. ...
Energy giants Baker Hughes, Woodside shy away from making oil forecasts as Iran-Israel conflict escalates
"Never try and predict what the price of oil is going to be, because there's one sure thing: You're going…