General News

By Lewis Krauskopf

NEW YORK (Reuters) - A roaring rally in U.S. stocks will face a gauntlet of economic data, looming political uncertainty and a corporate earnings test in coming weeks as investors navigate one of the most volatile periods of the year for equity markets.

The benchmark S&P 500 this week hit its first closing all-time high in two months after the Federal Reserve unveiled a hefty 50-basis point rate cut, kicking off the... (continue reading...)

By Allison Lampert and David Shepardson

WASHINGTON (Reuters) -Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.

Striking workers with the International Association of Machinists and Aerospace Workers received their last paycheck this week, sources said, as... (continue reading...)

Investing.com -- Fed Governor Michelle Bowman said Friday that she voted against the central bank's decision to begin the rate-cutting cycle with jumbo cut to avoid stoking expectations that the Fed has won its battle against inflation.

Bowman agreed that it was "appropriate to recalibrate the level of the federal funds rate," but said "a smaller first move in this process would have been a preferable action," amid worries that the larger cut could be misinterpreted as... (continue reading...)

By Timothy Gardner and Laila Kearney

WASHINGTON (Reuters) - The U.S. Nuclear Regulatory Commission (NRC) said on Friday it has not yet gotten an application from Constellation Energy on restarting the Three Mile Island nuclear reactor.

Constellation and Microsoft have signed a data center deal to help resurrect a reactor by 2028 at Three Mile Island in Pennsylvania. It has been shut since 2019.

"At this point there’s... (continue reading...)

By Howard Schneider

WASHINGTON (Reuters) -Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage point, laid out on Friday the depth of the debate over the move, with one governor saying inflation was now so weak the large reduction was needed and another arguing price pressures remain so strong a smaller cut would have been better.

Fed Governors Christopher Waller and... (continue reading...)