CNBC Daily Open: Markets need time to digest the 50-point cut

CNBC Daily Open: Markets need time to digest the 50-point cut

Federal Reserve Chairman Jerome Powell recently announced a jumbo-sized 50-point cut in interest rates, bringing the federal funds rate to 4.75%–5%. The Fed also projects another half-point cut before 2025, with a higher estimated unemployment rate for this year. While U.S. markets initially rose on the news, they couldn’t sustain their gains. A CNBC survey…

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‘Unknowns’ in new UCL worry PSG’s Luis Enrique

‘Unknowns’ in new UCL worry PSG’s Luis Enrique

Paris Saint-Germain manager Luis Enrique expressed uncertainty about the new Champions League format following his team’s hard-fought win over Girona. Despite dominating the game, PSG struggled to break through until a late error by Girona’s goalkeeper secured the victory. Enrique acknowledged the difficulty of the competition and emphasized the need to understand the importance of…

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Iranian hackers sent stolen Trump campaign info to Biden campaign associates, FBI says

Iranian hackers sent stolen Trump campaign info to Biden campaign associates, FBI says

Iranian hackers sent unsolicited emails with stolen material from Donald Trump’s campaign to people associated with Joe Biden’s campaign. The FBI, along with two other government agencies, condemned the emails as an attempt to undermine confidence in the electoral process. Iran has been targeting both presidential campaigns, with attempts to transmit stolen material to media…

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