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Wall Street holds near records after Fed delivers a big cut to rates

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Wall Street hovers near record highs as the Federal Reserve initiates a significant interest rate cut to stave off a recession. The S&P 500 remains nearly unchanged, with slight movements in the Dow Jones and Nasdaq. The Fed aims to support the slowing economy and job market while carefully managing inflation risks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I68camT >
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Michelle Bowman's dissent is first from Fed Governor since 2005

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Federal Reserve Governor Michelle Bowman dissented on an interest-rate decision for the first time since 2005, opposing a 50 basis point cut in favor of a quarter-point reduction. Her stance reflects concerns about easing too quickly and highlights ongoing internal debates within the Fed over monetary policy amidst economic challenges. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UfaSebs >
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US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell

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US Federal Reserve Meeting: The US Federal Reserve has cut interest rates by 50 basis points, the first reduction in over four years, aiming to reverse restrictive economic conditions. Policymakers expect further rate cuts, targeting a range of 4.25%-4.50% by year-end as inflation nears the 2% goal and unemployment rises. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2gF1aQn >
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Subhadra first govt scheme to offer digital rupee payment

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Subhadra Yojana in Odisha provides women with Rs 10,000 annually in Central Bank Digital Currency (CBDC). Launched by PM Narendra Modi, the scheme ensures direct deposits into beneficiaries' bank accounts without intermediaries. Linked to RBI's digital currency pilot, the digital rupee can be spent using UPI QR codes or transferred to bank accounts. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RHbCLEv >
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AR glasses are here: Snap launches spectacles at LA summit and its own OS to power it

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Snap Inc introduced its fifth-generation AR spectacles at the Snap Partner Summit in Los Angeles. These lightweight glasses feature a new OS, hand gesture controls, and virtual console capabilities. Initially available to developers for $99 monthly, they promise advanced AR experiences with partnerships including OpenAI, Lego Games, and Niantic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yUOE73g >
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The Gatsby Hotel: Where Retro Glamour Meets Modern Chic in Athens, Greece

In the heart of Athens, where ancient history blends seamlessly with modern vibrancy, lies the  Gatsby Hotel , a stylish retre ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/TILKmgz
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Will controversy: Baba Kalyani refutes brother’s claims

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Baba Kalyani, chairman of Bharat Forge, disputes his brother Gaurishankar's claims regarding their late mother Sulochana's will. Gaurishankar alleges Baba coerced her into making a favorable 2012 will. The Pune civil court must now assess the validity of both the 2012 and 2022 wills to settle the inheritance dispute. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pVq9LEW >
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