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☆ Ukraine’s energy supply faces ‘sternest test yet’ as war grinds toward third winter
▼ + stars: | 2024-09-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

CNN —Ukraine’s electricity supply risks “severe disruptions” this winter, the International Energy Agency (IEA) has warned, urging Kyiv’s allies to help address the country’s energy security. Russia has repeatedly attacked Ukraine’s energy infrastructure with missiles and drones since its full-scale invasion in February 2022, but its bombardments have intensified recently, leaving the country in a precarious position as colder weather approaches. Ukraine has also attacked Russia’s energy infrastructure. In its report, the agency outlines 10 measures that Ukraine and its allies should implement to tackle risks to the country’s energy supply. She also noted that the EU had contributed at least €2 billion ($2.2 billion) toward Ukraine’s energy system since Russia’s full-scale invasion began.

Persons: Kyiv’s, Fatih Birol, Ukraine’s, Ursula von der Leyen Organizations: CNN, International Energy Agency, European Union, Work, EU Locations: Russia, Ukraine, Moscow, Denmark, Europe, Lithuania

☆ The Fed's 50 basis point rate cut won't do anything to stop a recession, economist David Rosenberg says
▼ + stars: | 2024-09-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Fed's big rate cut won't stop a recession, economist David Rosenberg says. Rosenberg's bearish call comes one day after the Federal Reserve delivered a jumbo 50 basis point interest rate cut, the Fed's first rate cut since 2020. AdvertisementBut Rosenberg isn't backing down, likening 2024 to 2007, right before the economy slowed and entered a painful recession. He added: "Half the country is in recession right now when we apply data science to the commentary." AdvertisementAs for the soaring stock market, Rosenberg says investors should heed the warning signs coming out of the bond market.

Persons: David Rosenberg, He's, Rosenberg, —, Rosenberg's Organizations: Service, Federal Reserve, BLS

☆ The Barbie playbook: How Mattel's CEO is transforming the toy maker into an entertainment company
▼ + stars: | 2024-09-19 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Read previewMattel CEO Ynon Kreiz is trying to transform the toy maker into an entertainment company — but don't look for it to be a funder or distributor in its own right. After 2023's smash success of Greta Gerwig's "Barbie," Kreiz has become one of the most intriguing figures in Hollywood. Kreiz spoke with Business Insider on Wednesday about lessons from Barbie and how he's turning Mattel into an IP company. At a time of massive disruption in entertainment, Kreiz thinks Mattel is well-positioned. But "Barbie" established a blueprint for Mattel's future projects in working with top creatives, providing promotion power, and staying true to its brands, Kreiz said.

Persons: —, Ynon Kreiz, Greta Gerwig's, Barbie, Kreiz, John Cena, . Abrams, Kara Swisher, Mattel, Mattel Mattel, What's, We're, it's Organizations: Service, Mattel, Business, Advance, YouTube, Maker Studios, Disney, Endemol Group, Warner Bros, Procter, Gamble, Adobe Locations: Hollywood, ., New York, billings

☆ Why investors should dismiss Wall Street concerns about demand for Apple's new iPhone 16
▼ + stars: | 2024-09-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The leader of one of the largest U.S. carriers said there have been more iPhone 16 sales in the first week of preordering compared to the same period last year for the iPhone 15. The iPhone 16 was announced on Sept. 9 , when the company held this year's fall new product event. So, they're buying up the food chain, and they're buying at a greater rate," Sievert said, dismissing any softer iPhone 16 sales data as "nonsense." This is important because mobile carriers — including Verizon and AT & T — are the single-largest iPhone sales channel for Apple. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: Jim Cramer, Mike Sievert, Sievert, Morgan Stanley, That's, Jim, Sievert —, Wednesday's, — Morgan Stanley, Chi Kuo, Kuo, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, Mobile, U.S, Verizon, AT, JPMorgan, Barclays, Bank of America, TF Securities, Apple Intelligence, CNBC Locations: U.S, Cupertino , California

☆ Microsoft CEO Satya Nadella is ready to move on from Sam Altman's ousting drama
▼ + stars: | 2024-09-19 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Microsoft's CEO said Sam Altman's brief ousting from OpenAI feels like a "long-lost memory." Microsoft is building its own AI model, MAI-1, while OpenAI recently unveiled its latest model, o1. Go to newsletter preferences Thanks for signing up! AdvertisementSam Altman's sudden ousting from OpenAI stunned the tech industry only last November, but Microsoft's CEO has already moved on from the drama. During the 2024 Fast Company Innovation Panel, Satya Nadella said that Altman's brief expulsion feels like "a long-lost memory."

Persons: Sam Altman's, OpenAI, —, Satya Nadella, Altman Organizations: Microsoft, MAI, Service Locations: OpenAI

☆ Hillary Clinton says Vance’s child care comments are ‘not in touch’ with most Americans’ lives
▼ + stars: | 2024-09-19 | by ( Eric Bradner | ) edition.cnn.com time to read: +3 min

But “families need support,” and relatives aren’t always nearby and available, Clinton said. “Nobody really knows what happens in a marriage except the two people in it, and every marriage I’m aware of has ups and downs – not public,” she said. Clinton said she would never tell anyone else to stay in a marriage or leave it. We have a good time sharing this life that we’ve lived together for now nearly 50 years of marriage,” Clinton said. You feel like it’s the entire world, but in my case, it was the world,” she said.

Persons: Hillary Clinton, Vance, ” “, CNN’s Fareed Zakaria, ” Clinton, Charlie Kirk, “, ’ ”, aren’t, Clinton, I’m, ”, Bill Clinton, Zakaria, Bill, we’ve, that’s Organizations: CNN, Republicans, US Locations: Ohio, United States, Washington

☆ Husband of Russia’s richest woman arrested on murder charge after office shootout
▼ + stars: | 2024-09-19 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Moscow — Vladislav Bakalchuk, the estranged husband of Russia’s richest woman, was arrested and charged with murder Thursday, his lawyers said, after a deadly shootout at the Moscow office of Russia’s largest online retailer. Two people were killed in a shooting Wednesday just a few blocks away from the Kremlin at the Wildberries office, as a dispute over the company’s future took a violent turn. Tatyana founded Wildberries, Russia’s answer to Amazon, in 2004, growing it from an online clothes reseller into a major marketplace for all kinds of goods. Tatyana Bakalchuk, billionaire and chief executive officer of Wildberries OOO, pictured in her office in Moscow, Russia, on Feb. 16, 2021. Tatyana said Vladislav and his colleagues had tried to seize the office and that there was no meeting scheduled.

Persons: Moscow — Vladislav Bakalchuk, Russia’s, Vladislav, Tatyana Bakalchuk, Wildberries, Russ, Tatyana, Elena Chernyshova, Robert Mirzoyan, Ramzan Kadyrov, Vladimir Putin’s, “ Vladislav Organizations: Kremlin, Russ Group, Bloomberg, Getty Locations: Moscow, Russia, RVB, Wildberries, Soviet Union

☆ Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
▼ + stars: | 2024-09-19 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Huawei's new smartphone is being listed on resale sites for three times its retail price. The Mate XT will feature a tri-fold design and have generative AI features. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday.

Persons: —, it's, Lin Shen Organizations: Service, Huawei, South China Morning, Business

☆ One of Russia's longtime allies says Putin's NATO rival is now a threat to his country
▼ + stars: | 2024-09-19 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Armenia's prime minister said Putin's NATO-style alliance, the CSTO, "creates threats" for his country. Armenia recently froze its membership in the CSTO, which was seen as a blow to Putin. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former close ally of Russia said that President Vladimir Putin's NATO-style alliance, far from offering security guarantees, now "creates threats" for his country. Armenia recently froze its membership in the six-nation Collective Security Treaty Organization of post-Soviet states, which has been seen as Putin's answer to NATO.

Persons: Armenia's, —, Vladimir Putin's Organizations: NATO, Service, Vladimir Putin's NATO, Security, Organization, Business Locations: Armenia, Russia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan

☆ Video: GOP lawmakers air their frustration as Speaker Johnson’s funding bill fails
▼ + stars: | 2024-09-19 | by ( Ak Pohlers | ) edition.cnn.com time to read: 1 min

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☆ Morgan Stanley’s Sherry Paul on navigating the markets after the Fed's rate cut
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley’s Sherry Paul on navigating the markets after the Fed's rate cutSherry Paul, Morgan Stanley Private Wealth Management managing director, joins ‘Closing Bell’ to discuss Morgan Stanley's rate cut playbook, recession fears, and more.

Persons: Morgan Stanley’s Sherry Paul, Sherry Paul, Morgan Stanley, Bell, Morgan Organizations: Morgan Stanley Private Wealth Management

☆ The Fed has set out on a 'recalibration' of policy. Here's what Powell's new buzzword means
▼ + stars: | 2024-09-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. "This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin the process of moving forward a more neutral stance," Powell said. Financial markets weren't quite sure what to make of the chair's messaging in the meeting's immediate aftermath. However, asset prices soared Thursday as investors took Powell at his word that the unusually outsized move wasn't in response to a substantial slowing of the economy. The Dow Jones Industrial Average and S&P 500 jumped to new highs in trading Thursday after swinging violently Wednesday.

Persons: Jerome Powell, Powell, didn't, Tom Porcelli Organizations: Financial, Dow Jones Industrial

☆ Lebanon attacks: What we know about the pager and walkie-talkie explosions
▼ + stars: | 2024-09-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

CNN —Lebanon is reeling after facing deadly back-to-back attacks targeting Hezbollah members – with pagers simultaneously exploding across the country on Tuesday, then walkie-talkies detonating in a similar fashion on Wednesday. At least 22 people, including children, have died so far from the two attacks, which Lebanese officials have blamed on Israel. Firefighters put out flames and a crowd gathers after a reported explosion in Saida, Lebanon, on September 18, 2024. How have Hezbollah, Israel and the world responded? It appears US officials were largely in the dark until reports emerged of the explosions, according to three sources familiar with the matter.

Persons: pagers, Mahmoud Zayat, Benjamin Netanyahu, Israel, Mohamed Azakir, ICOM, “, Abdallah Bou Habib, Yoav Gallant, ” Gallant, ” Organizations: CNN, pagers, Firefighters, Getty, Hamas, American University of, American University of Beirut Medical Center, The New York Times, NBC News, Lebanon’s, United Nations Security Council, Israeli, UN, ”, Human Rights Watch Locations: Lebanon, Israel, Beirut, Iran, Saida, AFP, Gaza, Yemen, Syria, Iraq, Israeli, American University of Beirut, Asia, Europe, Hungarian, Budapest, United States

☆ Some GOP lawmakers are tired of JD Vance's cat rumors
▼ + stars: | 2024-09-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNo politician has done more than Sen. JD Vance to keep unverified claims of pet-eating Haitian immigrants in the news. "I think that conversation, overall, has been distracting from the real issue at hand," said Rep. Juan Ciscomani. That doesn't mean the Arizona congressman, whose district includes portions of the US-Mexico border, isn't supportive of tougher border security and immigration measures. "There's a lot bigger issues that should be focused on, and I think, obviously, in these conversations, showing respect for the Haitian community is important."

Persons: —, Sen, JD Vance, Juan Ciscomani, Harris, Mike Lawler, Donald Trump, Vance, Mike DeWine, Trump, DeWine, Springfield, YouGov, Mitt Romney, it's, Marc Molinaro, Molinaro, who's, Shelly Moore Capito, Biden, John Cornyn of, Josh Hawley, Hawley Organizations: Service, Biden, Business, Republican, PBS, Springfield Locations: Arizona, Mexico, tossup, Springfield , Ohio, United States, New York, Springfield, Utah, West Virginia, John Cornyn of Texas, Josh Hawley of Missouri, Springfield , Missouri

☆ Why rate cuts could actually slow the economy instead of sparking growth
▼ + stars: | 2024-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."

Persons: —, Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management

☆ The Fed finally cut interest rates. Here's what comes next.
▼ + stars: | 2024-09-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

The Federal Reserve didn't hold back when it cut interest rates for the first time in more than four years. In a press conference after the announcement, Powell said he believes the economy is moving in the right direction. iStock; BISo what does this rate cut mean for … everything? Our colleagues at Personal Finance Insider have covered the eventual impacts the rate cut will have on various financial products. Let's start with mortgage rates, since that's an area people naturally think of when it comes to interest rates.

Persons: —, Jerome Powell, Powell, you'll, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Federal, Business, Finance Locations: New York, London

The game might be a little hard to find on TV, so we've put together everything you need to know about how to watch the Atlanta Dream vs. New York Liberty online. The New York Liberty leads the league this year with an impressive 32-7 record. Right now, the Atlanta Dream is in the elusive eighth spot in the league, meaning they're tentatively matched up with New York for the Playoffs. How to watch Atlanta Dream vs. New York Liberty in the USThe Atlanta Dream vs. New York Liberty game will air on Thursday at 7 p.m. How to watch Atlanta Dream vs. New York Liberty from anywhereBasketball fans traveling outside the US can keep up with their streaming subscriptions with the help of a VPN (virtual private network).

Persons: we've, they'll, ExpressVPN Organizations: Business, New York Liberty, Atlanta, The New York Liberty, Liberty, Chicago Sky, Washington Mystics, Sky, Washington, Mystics, Chicago, NBA, MLB Network, Tennis Channel, Basketball Locations: New, Atlanta, New York

☆ Why Adrian Wojnarowski left $20 million on the table by leaving ESPN: 'Time isn't in endless supply'
▼ + stars: | 2024-09-19 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Accepting a position as general manager of a Division I basketball team doesn't usually mean a decline in working hours. For Adrian Wojnarowski, though, a new gig running the men's program at his alma mater, St. Bonaventure, will likely feel like a breath of fresh air. "Time isn't in endless supply and I want to spend mine in ways that are personally meaningful." His gig at ESPN meant breaking news, writing follow-up stories, appearing on ESPN's TV shows and hosting a podcast. And that was life he chose not to do any longer because it takes over your life."

Persons: Adrian Wojnarowski, Bonaventure, Wojnarowski, Adam Schefter, ESPN's Organizations: doesn't, NBA, ESPN, Hartford Courant, NFL Locations: St, Wojnarowski

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ 'Monsters' season two tells the story of the Menendez brothers, who murdered their parents. Here's where Lyle and Erik are now.
▼ + stars: | 2024-09-19 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read previewRyan Murphy's Emmy-winning Netflix series "Monster" is back, and this time it's about the case of Lyle and Erik Menendez. Lyle and Erik Menendez are serving life sentences in the same prisonLyle and Erik Menendez during their trial in 1994. Lyle and Erik Menendez are both marriedErik Menendez's wife, Tammi Menendez, in 1999. Related storiesThat included a letter Erik Menendez wrote and addressed to his cousin Andy Cano, who died in 2003. "Monsters: The Lyle and Erik Menendez Story" is available to stream on Netflix.

Persons: —, Ryan, Lyle, Erik Menendez, Jeffrey Dahmer, Murphy, Ian Brennan, Menendez, José Menendez, Kitty Menendez, Ted Soqui, — Lyle Menendez, Erik, Richard J, Lyle Menendez, Erik Menendez's, Tammi Menendez, Chris Morton, Anna Eriksson, Rebecca Sneed, Tammi Ruth Saccoman, Saccoman, Talia, Eric Menendez, Ronald L, Andy Cano, Robert Rand, Rand, Roy Rosselló, Rosselló, Edgardo Díaz Organizations: Service, Netflix, RCA, Business, Prosecutors, Getty, Donovan Correctional, Inc, The New York Times, Los Angeles Times, LA Times, RCA Records Locations: Beverly, Mule Creek, Ione , California, San Diego, New Jersey

☆ X users in Brazil temporarily regained access. Elon Musk's company says it was accidental.
▼ + stars: | 2024-09-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk's X says it accidentally restored temporary access to the social media platform in Brazil on Wednesday, just weeks after it was banned in the country. This story is available exclusively to Business Insider subscribers. This made "blocking the app much more complicated," the country's trade group for internet service providers added. In response, Musk closed X's Brazil offices and refused to comply with an order to name a legal representative in the country. X didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Elon Musk's, ABRINT, Basílio Rodriguez Pérez, Pérez, Musk, Alexandre de Moraes, X, Moraes, X didn't Organizations: Service, Global Government Affairs, Business, Brazilian Association of Internet, Telecommunications Providers, BBC, AFP, New York Times Locations: Brazil, Brazilian, Moraes

☆ 'We can’t allow the cultural infrastructure to literally crumble': One of London's most popular arts attractions needs a $200 million fix
▼ + stars: | 2024-09-19 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +7 min

The exterior of the Hayward Gallery, part of the Southbank Centre. "We can't allow the cultural infrastructure to literally crumble in our hands, because ... without investment, it won't be here," Ball told CNBC. (The neighboring National Theatre and British Film Institute Southbank are not part of the Southbank Centre.) During his first year at the Southbank Centre, he oversaw more than 5,400 events and shows. "Thinking Fountains," an installation by German artist Klaus Weber, outside the Hayward Gallery at the Southbank Centre.

Persons: Norman Engleback, Michelle Obama, Anish Kapoor, Tracey Emin, Nina Simone, Elaine Bedell, Mark Ball, —, Ball, Queen Elizabeth Hall, Purcell, Jack Taylor, Lisa Nandy's, it's, Richard III, Antony Sher, Antony, Gilbert Prousch, George Passmore, Gilbert, George, Marina Abramovic, Elizabeth Hall, Daniel Leal, Igor Levit, Cillian Murphy, Klaus Weber Organizations: Hayward, Southbank Centre, Universal, Getty, Southbank, Conservative, Labour, CNBC, Royal Festival Hall, Queen, National Theatre, British Film Institute, Former U.S, Royal, Hall, Manchester International, Association of, of Britain, Apple, London's Southbank, Ball, Science and Industry, Royal Shakespeare Company, AFP, Artists, Royal Philharmonic Orchestra Locations: London, Manchester, Serbian

☆ Friday's big stock stories: What's likely to move the market in the next trading session
▼ + stars: | 2024-09-19 | by ( Jason Gewirtz | ) www.cnbc.com time to read: 1 min

Traders work on the floor of the New York Stock Exchange (NYSE) on September 19, 2024, in New York City. Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as the Dow Jones Industrial Average crossed over the 42,000 mark and what's on the radar for the next session.

Organizations: New York Stock Exchange, CNBC, Dow Jones Locations: New York City

☆ Mark Zuckerberg's starry watch isn't just the price of a Cybertruck, it's another major step up in his style game
▼ + stars: | 2024-09-19 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.

Persons: —, Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife

☆ Treasury yields rise as investors digest Fed’s jumbo rate cut
▼ + stars: | 2024-09-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last less than one basis point higher to 3.6127%. U.S. Treasury yields were higher on Thursday as investors digested the Federal Reserve's decision to cut interest rates by 50 basis points on Wednesday. The Federal Reserve on Wednesday delivered a 50 basis point interest rate reduction, bringing the federal funds rate to 4.75%-5%. The size of the cut was in line with market expectations, which had shifted from expecting a 25 basis point cut to a bigger 50 basis point one in recent days. Elsewhere, the Bank of England is set to announce its latest interest rate decision.

Organizations: Treasury, U.S, Federal Reserve, Bank of England Locations: U.S

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