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Top Manager Magazin 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
49% Center coverage: 319 sources
Nvidia · ChinaChina'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
China tells tech firms to stop buying Nvidia's AI chips, FT reports
46% Center coverage: 52 sources
Gucci · FranceFrench luxury group Kering has named Francesca Bellettini the new chief executive of its flagship Gucci brand, replacing Stefano Cantino after just nine months in the job, in the first major management change under new group CEO Luca de Meo.See the Story
Kering ousts Gucci CEO, appoints Francesca Bellettini to lead the brand
50% Center coverage: 10 sources
