Federal Reserve keeps rate unchanged in 1st meeting of 2026
Jerome Powell speaks after interest rate decision
The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Fed Chairman Jerome Powell held a news conference Wednesday explaining the decision.
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Read MoreStock market today: S&P 500 touches 7,000 mark as Wall Street braces for Fed decision, Big Tech earnings
US stocks were little changed on Wednesday after the Federal Reserve held interest rates unchanged in its first policy decision of the year. Wall Street also braced for earnings from megacap tech companies in a day that saw the S&P 500 (^GSPC) vault briefly over the 7,000 mark for the first time.
Read MoreNo Trump reaction yet, but Bessent says EU 'funding war against themselves' with India trade deal
“The global order is in great turmoil today,” Indian PM Narendra Modi said, calling the deal the “biggest free trade deal in history.”
“In such a context, the partnership between India and the EU will strengthen stability in the international system,” Modi added.
“So every time you hear a European talk about the importance of the Ukrainian people,
Read MoreNvidia Took 3 Years To Gain 1,330% — This Memory Stock Needed 11 Months
Shares of memory and storage chipmakers surged sharply on Wednesday after Seagate Technology Inc. (NASDAQ:STX) delivered a major earnings beat, extending an already explosive rally fueled by a global storage supply crunch as AI-driven demand continues to crowd out available capacity.
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Read MoreTrump taps Kevin Warsh to lead the Federal Reserve
Kevin Warsh (center) is President Trump’s pick to lead the Federal Reserve. Warsh is a former Fed governor who has echoed the president’s call for lower interest rates.
Tasos Katopodis/Getty Images North America
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Tasos Katopodis/Getty Images North America
President Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve,
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Read MoreThe Burst
Uber’s $1 Trillion Moonshot
Uber isn’t just about getting you from point A to point B anymore. It’s stealthily becoming one of the most powerful tech platforms of the next decade, and the lynchpin in that transformation is autonomy.
While most investors still think of Uber as a ride-hailing and food delivery app, under the hood, the company is evolving fast.
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Read MoreThe Ivy
Is Ambiq the Answer to AI’s Biggest Blind Spot?
AI might be the future, but that future has a power problem. For all the fanfare surrounding generative AI, one inconvenient truth continues to lurk in the background, which is it consumes an extraordinary amount of energy.
And unless someone cracks the code on power efficiency, scaling AI beyond the data center and into billions of edge devices will remain an expensive dream.
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Read MoreThe Spotlight
AI Warren Buffett Is Finally Here
Before old Warren could hang up his gloves and call it a day at Berkshire Hathaway, a new wave of technology may well have taken his baton and started to run with it.
What do we mean? Well, it seems a new ETF has launched aimed at mimicking the moves of the top investors in the world.