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US Federal Reserve cuts key rate by half-point, signaling end to inflation fight

The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.

Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight (Photo by MANDEL NGAN / AFP)(AFP)
Published on Sep 18, 2024 11:47 PM IST
AP | | Posted by Sumanti Sen

Elon Musk's Tesla, SpaceX & X workers donate more to Trump's rival Harris

Elon Musk has endorsed Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Kamala Harris.

Employees at Elon Musk's rocket company SpaceX have donated $34,526 to Harris versus $7,652 to Donald Trump.(File Images)
Updated on Sep 18, 2024 10:59 PM IST
Reuters | | Posted by Shweta Kukreti

White House hosts first meeting with Trump, Harris' transition teams

Representatives for former President Donald Trump and Vice President Kamala Harris' transition teams met for the first time at the White House.

The meeting and invitation to Donald Trump and Kamala Harris' representatives are required under the Presidential Transition Act, which mandates that the designated candidate representatives serve in an advisory capacity.(REUTERS)
Published on Sep 18, 2024 10:39 PM IST
AP | | Posted by Shweta Kukreti

False reports of explosives found in car near Trump's NY rally spread online

US law enforcement officials worked quickly following false reports that explosives had been found in a car near Donald Trump’s planned rally in New York.

The rally is Donald Trump's first on Long Island, a suburban area just east of New York City, since 2017.(REUTERS)
Published on Sep 18, 2024 10:33 PM IST
AP | | Posted by Shweta Kukreti

How Oracle chairman Larry Ellison briefly became world’s second-richest man

Oracle co-founder Larry Ellison briefly surpassed Jeff Bezos of Amazon on the list of the world's richest people.

How Oracle chairman Larry Ellison briefly became world’s second-richest man (AP)
Published on Sep 18, 2024 10:25 PM IST
BySumanti Sen
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