October 2024 – Page 82 – Best Day Investing

RBNZ cuts interest rates by 50 bps to 4.75%

Investing.com– The Reserve Bank of New Zealand cut interest rates by 50 basis points on Wednesday as expected, citing continued progress towards stabilizing inflation, and the need to shore up…

October 9, 2024

Politics

Vance calls $500 million federal grant for Michigan electric vehicle plant ‘table scraps’

Republican vice-presidential nominee Sen. JD Vance (Ohio) on Tuesday called $500 million the Biden administration provided as a grant to convert a Michigan plant to one that produces electric vehicles…

October 9, 2024

Stock

Analysis-GSK, Pfizer RSV vaccine sales fall in US as millions fewer people line up

By Michael Erman (Reuters) – U.S. sales of RSV vaccines from GSK and Pfizer (NYSE:PFE) are down significantly after regulators narrowed the targeted age group and said it was a…

October 9, 2024

Stock

US stock futures steady with Fed, inflation in focus

Investing.com– U.S. stock index futures moved little in evening deals on Tuesday, with investors turning averse to big trades before more signals on interest rates from the Federal Reserve and…

October 9, 2024

Stock

Woodside completes $1.2 billion Tellurian acquisition

(Reuters) – Woodside (OTC:WOPEY) Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian (NYSE:TELL), including its U.S. Gulf Coast LNG export project, for…

October 9, 2024

Stock

Uniqlo owner seen posting 24% annual profit surge on brand’s overseas push

By Rocky Swift TOKYO (Reuters) – The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of…

October 9, 2024

Economy

Fed Vice Chair Jefferson: Sept rate cut was ‘timely’

(Reuters) – The Federal Reserve’s 50-basis-point interest-rate cut last month was “timely” and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday. “It was timely and…

October 9, 2024

Economy

Fed Vice Chair Jefferson: rate cut aimed at keeping US job market strong

(Reuters) – Federal Reserve Vice Chair Philip Jefferson on Tuesday said the U.S. central bank’s half-percentage-point interest-rate cut last month was aimed at keeping the labor market strong even as…

October 9, 2024

Economy

Tax worries knock UK business confidence, survey shows

By Suban Abdulla LONDON (Reuters) – British business confidence fell in the third quarter as tax worries hit investment, according to a survey of accountants that chimes with similar concerns…

October 9, 2024

Economy

CBO estimates $1.8 trillion US deficit for fiscal 2024, largest after COVID

By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as…

October 9, 2024