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Top 247wallst.com News

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year — Kent Nishimura/Getty Images via Getty Images

Federal Reserve · Washington

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

53% Center coverage: 443 sources

The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story

Wall Street indexes notch record-high closes as Intel soars on Nvidia stake — REUTERS / pwu404

Business · United States

Wall Street indexes notch record-high closes as Intel soars on Nvidia stake

72% Center coverage: 67 sources

Wall Street's main indexes posted record-high closes on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.See the Story

China tells tech firms to stop buying Nvidia's AI chips, FT reports — REUTERS / pwu404

Nvidia · China

China tells tech firms to stop buying Nvidia's AI chips, FT reports

44% Center coverage: 59 sources

China's internet regulator has ordered top technology firms to halt purchases of Nvidia artificial intelligence chips and cancel existing orders as part of a broader push to cut reliance on U.S. technology, the Financial Times reported on Wednesday.See the Story

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