The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to prove stickier than expected. However, the move also dashes hopes that the Fed will be able to start cutting rates soon and relieve consumers from sky-high borrowing costs. The market is now pricing in one rate cut later in the year, according to the CME’s
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In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to
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An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages. These loans offer lower interest rates than their fixed-rate counterparts but
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. America is in knots over the foolishness — or worse — of its campus protesters. But it is adults who are making the biggest dunces of themselves. The role of grown-ups facing student unrest is
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At a Windsor retreat for senior HSBC employees in early December, chief executive Noel Quinn made it clear he had no intention to leave the bank, three people who attended told the Financial Times. Yet during the Christmas break just weeks later, Quinn had made a decision to retire after five years in the role.
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Server maker Super Micro Computer lifted its fully year sales outlook, signalling growing demand for AI chips. The company, which works closely with Nvidia, now expects $14.7bn to to $15.1bn in sales for its fiscal year that will end in June, better than the $14.6bn analysts expect. Revenues rose 200 per cent from a year
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Transportation Secretary Pete Buttigieg outlined for House lawmakers Tuesday the administration’s priorities heading into the new fiscal year, ranging from shoring up infrastructure to prevent collapses like the Francis Scott Key Bridge to supporting “massive and forward-thinking” projects like high-speed rail and a bulging pipeline of large transit projects. Buttigieg appeared before the House Appropriations
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The Financial Industry Regulatory Authority has fined RBC Capital Markets $15,000 for violating Municipal Securities Rulemaking Board Rules G-15 on confirmation, G-8 on books and records and G-27 on supervision for their role in sending incorrect confirmations on municipal securities transactions. Municipal securities violations represent only a portion of the transactions FINRA highlighted in its
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scotland’s former first minister, Labour’s Lord Jack McConnell, used to say “do less, better”. The trouble for his successors from the Scottish National party, their critics say, is they have been doing plenty, badly. Independence,
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