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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Democrats have repeatedly used violent rhetoric against former president: ‘Time to put Trump in a bullseye’

Democrats have repeatedly used violent rhetoric against former president: ‘Time to put Trump in a bullseye’

This content discusses how several Democrat politicians have faced scrutiny for their anti-Trump rhetoric, which has intensified after the former president was the target of a second assassination attempt. President Biden and VP Kamala Harris have accused Trump of being a threat to democracy. Additionally, there are comments from Democratic politicians like Maxine Waters and…

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Boeing factory workers strike for first time since 2008 after overwhelmingly rejecting contract

Boeing factory workers strike for first time since 2008 after overwhelmingly rejecting contract

Boeing’s factory workers went on strike after rejecting a new labor contract, causing a halt in production of the company’s popular airplanes. The workers voted overwhelmingly against the tentative agreement, citing issues with discriminatory conduct and unfair labor practices. Boeing expressed disappointment in the decision and emphasized their commitment to reaching a new agreement. The…

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