Bank of Mexico lowers key interest rate, opens door to larger cuts
MEXICO CITY (Reuters) – The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.00% on Thursday and signaled larger rate cuts could be considered in…
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More hawkish Fed policy committee may increase dissent in 2025
By Ann Saphir (Reuters) – A slightly more hawkish set of Federal Reserve regional bank presidents will become voters on the U.S. central bank’s rate-setting panel in 2025, raising the…
US asks Nvidia to probe how its chips ended up in China, Information reports
(Reuters) -The U.S. Department of Commerce has recently asked Nvidia (NASDAQ:NVDA) to look into how the company’s products ended up in China over the past year, the Information reported on…
US mortgage rates rise after three straight weekly declines
WASHINGTON (Reuters) – U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the Federal Reserve projected fewer interest rate cuts in 2025, boosting…
US stock futures show signs of recovery after Wednesday’s major sell-off
US stock futures stabilised on Thursday following a major sell-off on Wall Street the day before. Dow futures rose over 190 points, or 0.6%, while S&P 500 and Nasdaq futures…
Tesla in talks with Austin over self-driving tech?
Tesla is making headway in its push for self-driving technology, engaging in preliminary discussions with authorities in Austin, Texas, according to a report from Bloomberg News on Thursday. This marks…
Analysts remain bullish on Nvidia despite concerns
Nvidia (NVDA) stock experienced a notable rebound early Thursday, climbing as much as 2.7%, as Wall Street analysts reaffirmed their positive outlook on the chipmaker. This resurgence followed a broader…
Deep dive: here’s why Micron’s guidance shouldn’t concern investors much
Investors are bailing on Micron Technology Inc (NASDAQ: MU) this morning after the chipmaker issued guidance for its current fiscal quarter that missed Street estimates. Micron expects to earn $1.43…
Billionaires love this Nvidia alternative for 2025
Bank of America Securities recently warned that Advanced Micro Devices Inc (NASDAQ: AMD) could find it incrementally difficult to gain market share in 2025. But it looks like the rest…
Canadian PM Trudeau has full support of cabinet, new finance minister says
By David Ljunggren OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau, who is mulling his future amid a major political crisis, has the full support of his cabinet to stay on,…