Markets
Wall Street rallies as Senate nears vote to end government shutdown
U.S. stocks surged Monday as momentum built on Capitol Hill toward ending the 41-day government shutdown—the longest in American history. Hopes for a deal sent markets higher: the Dow Jones Industrial Average jumped 0.8 percent, the S&P 500 climbed 1.5 percent, and the tech-heavy Nasdaq soared 2.3 percent.
Netflix revenue up 17% in 3Q on subscriber, ad growth
Netflix Inc. reported a 17 percent jump in third-quarter revenue to USD11.51 billion, driven by membership gains, price adjustments, and higher ad sales. With...
Treasury bill rates mixed as Fed tempers hopes
Average rates on Treasury bills moved in mixed directions at Monday’s auction, as investors reacted to signals from the U.S. Federal Reserve that it may hold off on cutting interest rates in December.
AI powers Amazon profit growth
Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.
Fed cuts rates anew, further reduction uncertain
The Federal Reserve lowered its benchmark interest rate Wednesday for the second time this year, aiming to support economic growth and hiring even as inflation remains elevated. But Fed Chairman Jerome Powell cautioned that another cut at the central bank meeting in December is far from certain.
