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Top Benzinga News
Federal Reserve · WashingtonThe 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
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
51% Center coverage: 430 sources
Nvidia · United StatesNvidia said it will invest $5 billion in Intel , throwing its heft behind the struggling U.S. chip foundry, but stopped short of giving Intel a crucial manufacturing deal.See the Story
Nvidia Invests $5 Billion in Intel With Plans to Co-Design Chips
51% Center coverage: 169 sources
