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from24/7 Wall St.
3 days ago

Stock Market Live October 30: S&P 500 (VOO) Falls After Fed Interest Rate Cut

This article will be updated throughout the day, so check back often for more daily updates. As expected, the Federal Open Market Committee (FOMC) announced a 0.25% reduction in its target interest rate yesterday, to a range of from 3.75% to 4% - but the stock market reacted almost not at all. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) gained less than 0.1% yesterday, and it's down a sizeable 0.5% in early trading this morning.
US politics
US politics
fromThe New Yorker
3 weeks ago

Donald Trump's Big Pharma Showdown Ends with a Whimper

Americans pay far higher prescription drug prices, prompting executive orders, proposed tariffs, and public-private deals like the Trump–Pfizer agreement to lower prices.
US politics
fromFast Company
1 month ago

Trump administration seeks equity stake in miner Lithium Americas, sends shares soaring

U.S. government seeks up to 10% equity stake in Lithium Americas as part of renegotiating a $2.26 billion loan for Thacker Pass, boosting shares.
fromBusiness Insider
1 month ago

Indian tech stocks slump after Trump imposes $100,000 application fee for H-1B visas

Mphasis stock fell despite the company saying in a stock exchange filing that it didn't expect the visa charge to impact its financials or operations. The firm, which has offices in several US states, said it has only made around 130 new applications for H-1B visas this year. It added that it has reduced its reliance on the program through local hiring, acquisitions, and partnerships, and said that it plans to address any challenges on this front with AI tools.
Business
UK politics
fromwww.bbc.com
2 months ago

Bank share prices tumble after calls for tax on profits

Proposals for a windfall tax on bank profits pushed major UK banks' shares down amid IPPR claims QE has caused significant taxpayer losses.
Marketing
fromFortune
2 months ago

Cracker Barrel's first rebrand in nearly 50 years backfired. The company's stock lost nearly $100 million after introducing a more minimalist look

Cracker Barrel's simplified logo sparked backlash accusing the chain of abandoning Americana, while leadership frames it as a modest modernization move.
US politics
fromBusiness Insider
2 months ago

Intel stock jumps 6% after Trump says chipmaker agreed to a $10 billion deal with the US government

The U.S. could acquire roughly a 10% stake in Intel via an unconfirmed ~$10 billion investment, prompting a more than 6% jump in Intel's stock.
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