The Daily Editor
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Fed holds interest rates steady in split decision
The Federal Reserve held interest rates steady for the fifth consecutive policy meeting this year, amid a rebound in oil prices driven by renewed tensions in the Middle East.
The central bank voted in a split decision to hold its benchmark interest rate in the range of 3.5% to 3.75%.
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Federal Reserve holds interest rates steady amid signs inflation is cooling
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran.
This marks the fifth consecutive time the central bank has kept interest rates in the target range of 3.5% to 3.75%.
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Ford Just Delivered Bad News for Tesla Investors
Ford Motor Company (F +3.31%) scaled back from electric vehicle (EV) models last year, and that was certainly good news for Tesla (TSLA -2.03%). However, the company has now announced major news that can bite into one of Tesla’s most lucrative markets.
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Sector Update: Energy Stocks Higher Pre-Bell Wednesday
Energy stocks were higher premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (
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Oil prices jump following fighting with Iran, while sinking AI stocks drag Wall Street lower
By STAN CHOE, AP Business Writer
NEW YORK (AP) — Oil prices are back to jumping on Wednesday, while sinking technology stocks are dragging Wall Street lower ahead of a Federal Reserve decision on what to do with interest rates.
The S&P 500 fell 1%.
Is the Options Market Predicting a Spike in Silvercorp Metals Stock?
Investors in Silvercorp Metals Inc. SVM need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 21, 2026 $5 Call had some of the highest implied …
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Fed meeting updates: The FOMC's interest rate decision is the closest call in months
Kevin Warsh made a strong first impression. The new chair of the Federal Reserve took the helm this summer and has since announced plans to overhaul the central bank’s approach to economic data and communications.
Wednesday’s decision is the first in months in which there’s uncertainty about what the central bank will do.
SpaceX stock back under pressure as Q2 earnings approach
SpaceX (SPCX) stock came back under pressure on Wednesday, reversing yesterday’s bounce, as a broader market and tech sell-off adds to investor caution ahead of SpaceX’s first earnings report.
Shares were down nearly 3%, giving back Tuesday’s rebound. SpaceX has now shed nearly 30% from its $150 market debut last month and is down roughly 50% from its all-time high of $225.64.
» Read more about: SpaceX stock back under pressure as Q2 earnings approach »
What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is at an inflection point in its yearslong campaign against elevated inflation. On Wednesday, officials will decide whether to raise interest rates to tame price pressures or keep them unchanged as they wait and see what happens with the economy. Rates are currently set in a range of 3.5 to 3.75 percent.
» Read more about: What to Watch at the Federal Reserve’s July Meeting »