The Daily Editor

The Federal Reserve announced that it slashed interest rates for the second time this year amid rising unemployment and increasing inflation.

The Federal Open Market Committee released its statement on Wednesday saying that it would slash interest rates by a quarter of a percentage point.

Conditions in the labor market appea to be gradually cooling and inflation remains somewhat elevated,” a Chairman Jerome Powell said.

 » Read more about: Federal Reserve cuts interest rates for second time this year amid lagging job market  »

The party on Wall Street continues.

The Dow rose as much as 334 points, or 0.7%, Wednesday morning, briefly pushing the blue-chip index above the 48,000 mark for the first time in history.

The broader S&P 500 and tech-heavy Nasdaq Composite also hit intraday record highs.

“The stock market is getting everything it wants,

 » Read more about: Federal Reserve cuts rates to lowest level in three years  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: Piper Sandler Maintains Bullish $48 Price Target on Avalo Therapeutics (AVTX)  »

Kuwait Oil Company, the national oil firm of one of OPEC’s biggest Gulf producers, plans to invest as much as $3.9 billion (1.2 billion Kuwaiti dinars) in exploration drilling by 2030, a senior company executive told Reuters in an interview published on Wednesday. 

The exploration drilling program is part of a bigger drilling and maintenance program by the end of the decade,

 » Read more about: Kuwait to Invest $4 Billion in Oil Exploration by 2030  »

In terms of liquidity and interest, the mean open interest for Sea options trades today is 1417.42 with a total volume of 5,264.00. In the following chart, we are able to follow the development of …

 » Read more about: Decoding Sea’s Options Activity: What’s the Big Picture?  »

In a new report, Moody’s said that the decision “opens the prospect of broader adoption of multi-share-class ETF structures, which could significantly enhance operational efficiency across the U.S. fund industry.” That would be a positive for the industry from a credit perspective, it noted.

“Use of the multi-share-class structure allows fund sponsors to streamline operations,

 » Read more about: SEC approval for multi-class ETFs a positive: Moody’s  »

 » Read more about: Vanguard's VOOG and VONG ETFs Offer Distinct Paths to Growth  »

 » Read more about: Markets Tumble After Fed Lowers Interest Rates—But Powell Won’t Promise Another Cut  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: Energy Transfer Announces Price River Terminal Expansion to Double Export Capacity of Uinta Crude by Q4 2026  »

Wall Street analysts says the S&P 500 could rise or fall as much 30% in 2026.

 » Read more about: The Stock Market May Do Something Shocking in 2026, According to Wall Street Analysts  »