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Fed Leaves Interest Rates Unchanged, Forecasts Just One Rate Cut This Year

While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent.
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Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market shrugged off a slightly weak start and climbed higher on Wednesday after soft inflation data from the U.S. raised hopes the Federal Reserve will reduce interest rate a couple of times this year.
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Sphere Entertainment Promotes Jennifer Koester To President And COO

Sphere Entertainment Promotes Jennifer Koester To President And COO

Live entertainment and media company Sphere Entertainment Co. (SPHR) announced Wednesday that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Koester most recently served as the Company's President, Sphere Business Operations.
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EU To Impose Countervailing Duties Of Up To 38.1% On Chinese BEVs

EU To Impose Countervailing Duties Of Up To 38.1% On Chinese BEVs

The European Commission is set to impose countervailing duties of up to 38.1 percent on imports of battery electric vehicles (BEVs) from China. The Commission has provisionally concluded that the BEV value chain in China benefits from unfair subsidization as part of its ongoing investigation.
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Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

Elon Musk, the founder and CEO of Tesla and SpaceX, moved to dismiss his lawsuit against artificial intelligence or AI startup OpenAI and its CEO Sam Altman. According to a filing in San Francisco Superior Court, Musk's attorneys asked the California state court to dismiss the lawsuit against the ChatGPT maker without citing a reason.
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U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%

With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May after rising by 0.3 percent in April. Economists had expected consumer prices to inch up by 0.1 percent.
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Thailand Leaves Policy Rate Steady At 2.50%

Thailand Leaves Policy Rate Steady At 2.50%

Thailand's central bank decided to keep the interest rate unchanged for the fourth straight meeting on Wednesday as the inflation rate returned to the target range, despite the rising pressure from the government to cut rates to support economic growth.
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U.S. Mortgage Applications Show Substantial Rebound

U.S. Mortgage Applications Show Substantial Rebound

After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mortgage Bankers Association released a report on Wednesday showing a substantial rebound in mortgage applications in the week ended June 7th.
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U.S. Consumer Prices Unexpectedly Unchanged In May

U.S. Consumer Prices Unexpectedly Unchanged In May

With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May.
RTTNews | Před 1 dnem

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