Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The tech-heavy Nasdaq Composite was leading the other two major U.S. stock-market indexes higher. The Nasdaq was up 467 points, or 2.7%, near 18,043, according to FactSet data. If those gains hold, the Nasdaq would log its best daily gain since it rose 2.
What impact will the Federal Reserve's rate cut have on stocks?
"The markets were crossing their fingers for a larger cut." The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank would lower its benchmark rate from a two-decade high of 5.
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Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps after the failure of tech ...
M2P Fintech is set to close a $80 million funding round with Helios Investment Partners leading the round and Bank Muscat ...
The agenda for the Fintech Stage at TechCrunch Disrupt 2024 is officially complete. Gain insights from fintech experts on ...
Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency ...
Payment company Cherry Technologies is sounding out investors for a bond that would be tied to “buy-now, pay-later” loans for ...
Bolt says it has settled its long-standing lawsuit with its investor Activant Capital. One-click payments startup Bolt is ...
The Bank of London announced a fresh funding round just days after it was hit with a winding-up petition by the UK’s tax ...
Against this backdrop, Future-of-FinTech Week aims to build on the success of World Business Chicago's Chicago Venture Summit ...
Plaid partners with financial institutions to simplifytransition to open banking by providing scalable API solutions that ...
Latin American e-commerce giant MercadoLibre announced on Wednesday that it signed a $250 million financing deal with JPMorgan aimed at expanding its fintech arm Mercado Pago's credit profile in ...
The regulator also approved a policy update to consider small business and residential loan originations, in addition to deposits, when evaluating a merger’s competitive effects.
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COMMENT: How Uzbekistan is suddenly emerging as a global fintech and e-commerce leaderBy Uzum CEO Djasur Djumaev in Tashkent With its 37mn inhabitants, Uzbekistan is the most populous country in Central Asia – a ...
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