Shares of Nvidia (NASDAQ: NVDA) rose over 4% on Oct. 29, as the AI chipmaker became the first company to reach a $5 trillion market capitalization.
This comes a day after President Donald Trump’s praise of Nvidia caused a few cryptocurrencies linked to decentralized artificial intelligence (AI) projects,
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FOX Business White House correspondent Edward Lawrence has the latest on the Feds decision on Making Money.
The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank’s target.
» Read more about: Fed cuts interest rates for second time this year amid labor market weakness »
US Stock Market today: The benchmark stock market indices on Wall Street cracked after the US Federal Reserve Chairman Jerome Powell announced that a potential rate cut in the Fed’s December policy is not a ‘foregone conclusion’ and quite far from the real picture.
“A further reduction in the policy rate at the December meeting is not a foregone conclusion,
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Inflation may be stuck around 3%, but Fed Chair Jerome Powell says the story underneath the surface is more nuanced — and in some ways, closer to the central bank’s target than it appears.
At the post-decision press conference, Powell broke down the September CPI report and the factors driving prices higher,
Canada’s largest pension fund will further boost its investments in India, where it has tripled assets under management over the last five years to about $22 billion, its top executive said.
The Toronto-based fund would focus on “real assets such as energy, infrastructure and real estate, where there is opportunity to invest at scale,” Canada Pension Plan Investment Board Chief Executive Officer John Graham said in a media briefing in Mumbai on Wednesday.
» Read more about: Canada Pension to Boost India Investments After Portfolio Surges to $22 Billion »
When it comes to investing, it can be tempting to think of risk tolerance as merely a matter of trepidation.
» Read more about: 16 Investments To Consider Ranked by Expected Return — From Safest to Riskiest »
THE Department of Trade and Industry (DTI) on Wednesday said some 224 stock-keeping units (SKUs) of basic necessities and prime commodities (BNPCs) have complied with their suggested retail prices during a monitoring visit to the Guadalupe Market in Makati.
SKUs are unique, alphanumeric codes assigned to a product by a business to internally track inventory.
» Read more about: SRP of basic goods stable in Makati market »
The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points, marking its second consecutive rate cut this year as the U.S. economy contends with a sharp slowdown in hiring.
The Fed cut lowers the federal funds rate — what banks charge each other for short-term loans — to between 3.75% and 4%,
