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A report of coming layoffs at the Federal Housing Administration (FHA) is casting fresh doubts about the future of an office responsible for insuring millions of mortgages across the country.
Published on: February 20, 2025, 11:03 AM UTC
US stocks closed higher on Wednesday as investors assessed President Trump's latest 25% tariff announcement and analyzed the Federal Reserve minutes for insights into future policy. The benchmark S&P 500 (^GSPC) gained about 0.2% to touch a new record high of 6,144.15, after hitting a record on Tuesday too. The Nasdaq Composite (^IXIC) and the Dow Jones Industrial Average (^DJI) both rose about 0.1%.
Published on: February 20, 2025, 11:02 AM UTC
Palantir (PLTR) stock plunged after a Washington Post report said the Trump administration plans to cut the Pentagon's budget, potentially reducing Palantir's government contracts.
Published on: February 20, 2025, 11:02 AM UTC
Fed keeps rate cut options open amid new inflation and Trump policies
Published on: February 20, 2025, 11:01 AM UTC
U.S. stock futures edge lower after S&P 500 hits record high, Fed minutes signal pause in rate cuts
Published on: February 20, 2025, 11:01 AM UTC
US stock index futures dip as investors seek safety amid trade war threats, geopolitical concerns, and a cautious Federal Reserve. Safe-haven assets like gold and the yen rise, while Treasury yields ease.
Published on: February 20, 2025, 11:00 AM UTC
Fed rate cuts are still possible this year as policymakers assess the economy and digest new Trump administration policies, Atlanta Fed President Raphael Bostic says.
Published on: February 20, 2025, 10:02 AM UTC
CVS Caremark defends its value in the healthcare system against policy proposals prioritizing patient savings over PBM profits, amid scrutiny of rebate strategies and the emergence of low-cost drug access alternatives like Walmart, GoodRx, and telehealth.
Published on: February 20, 2025, 10:01 AM UTC
U.S. stock futures slipped on Thursday after the S&P 500 reached a record high, with investors digesting the latest sign that the Federal Reserve is unlikely to cut rates anytime soon.
Published on: February 20, 2025, 10:01 AM UTC
South African Finance Minister Enoch Godongwana's proposed VAT increase to reduce government debt was rejected by coalition members, leading to the budget's withdrawal. The revised budget will include welfare grants, tax adjustments for low-income earners, and additional infrastructure investments.
Published on: February 20, 2025, 10:00 AM UTC