ibt-mail

Sep 24, 2024, 09:59 AM UTC

Wall Street Rides Rate-Cut Wave To Records As Fed Ponders Next Move

Newsletter Sep 24, 2024 Quick Six Wall Street sets more record highs as Fed hints at next move US shares nudged higher Monday as momentum from last week's rally carried over from the Federal

Newsletter Sep 24, 2024

Quick Six

Wall Street sets more record highs as Fed hints at next move
US shares nudged higher Monday as momentum from last week's rally carried over from the Federal Reserve's bumper interest rate cut, its first since 2020. On Wall Street, the Dow Jones and S&P 500 hit fresh records, extending a positive stretch in anticipation of further Fed easing in the months ahead. As inflation continues to cool toward its long-term target of 2%, Friday's release of the personal consumption expenditures index -- the Fed's preferred inflation metric -- could shed light on the bank's next rate move.
SENIOR FED OFFICIALS TO SPEAK ON RATES THIS WEEK

Boeing counters with 'best and final offer' to striking workers
Boeing proposed lifting hourly wages for striking workers by 30 percent on Monday, sweetening its initial offer in an effort to end a 10-day stoppage that shuttered Seattle-area plants. The aviation giant gave workers until Friday at midnight to ratify its "best and final offer." The union, the International Association of Machinists and Aerospace Workers, said it was reviewing the proposal.
WHY WORKERS ARE HOLDING FIRM ON 40% PAY INCREASE

Attention Kmart shoppers: Retail's last big-box set to close
Once a pioneer in the retail sector, Kmart's last standing big-box store in the US will close its doors next month, marking the end of a retail empire. The last full-size Kmart store in Bridgehampton, N.Y., will close its doors for the last time on Oct. 20. A smaller, "convenience store version of itself" located in Kendall, Fla., is the last-standing brick-and-mortar Kmart store on the US mainland.
THE BLUE LIGHT SPECIAL WAS A RETAIL GAME-CHANGER

WeatherTech

TLaser measured for a custom fit, the WeatherTech FloorLiner HP has all the same features and benefits of the standard FloorLiner and so much more! Made from a heavy-duty, flexible, rubber-like material, these high performance FloorLiners are designed to protect the bottom and sides of your vehicle’s footwell.

You Might Like

Markets

DJIA	42,124.65	0.15%
S&P 500	5,718.57	0.28%
Nasdaq Composite	17,974.27	0.14%
Japan: Nikkei 225	38,382.38	1.75%
UK: FTSE 100	8,259.71	0.36%
Crude Oil Futures	70.79	0.60%
Gold Futures	2,654.20	0.06%
Yen	143.72	0.07%
Euro	1.11	-0.02%
* As of market close

Trump's alleged stalker wrote chilling letter

The man suspected of planning to kill Donald Trump wrote a chilling letter months ago about an "assassination attempt" on the former president, prosecutors said on Monday. The letter was revealed as Ryan Routh was in court charged with two firearms offenses after he was arrested while allegedly fleeing Trump International Golf Course on Sept. 15. Prosecutors said Routh dropped off a box containing ammunition, a metal pipe, building materials, phones "and various letters" at an unidentified person's home "several months" beforehand.

INVESTIGATORS: LETTER COULD BE KEY TO PROVING INTENT

Amazon loses area size of France, Germany

The Amazon, the world's biggest rainforest, has lost an area the size of Germany and France combined to deforestation in four decades, a study showed Monday. The South American jungle, spanning nine countries, is crucial to the fight against climate change due to its ability to absorb planet-warming carbon dioxide from the atmosphere. Deforestation, mainly for mining and agricultural purposes, has led to the loss of 88 million hectares (880,000 square kilometers, 339,773 square miles) or 12.5% of the Amazon's plant cover from 1985 to 2023.

COP16 SUMMIT SEEKS AN END TO RAINFOREST DESTRUCTION

'Cyberdog' wired to detect fire ants' nests

Researchers in China and Brazil used artificial intelligence to train a robot dog to sniff out nests of highly destructive red imported fire ants far better than human inspectors. The Xiaomi "CyberDog" robot was programmed using a machine-learning model with a dataset of more than 1,000 images of the ants' nests. CyberDog was also programmed to press on any nest it found with a front paw to disturb the colony inside and prompt worker ants to come out and defend the nest. The robot dog performed the task three times better than trained humans.

SEE HOW AI IS BEING USED TO RESOLVE AGE-OLD PROBLEMS

Extra point

What was the first commercial robot dog? Who invented it and when?

Monday's answer: The richest shipwreck discovered was Spain's San José, which was sunk by England in 1708. Loaded with gold and silver, the ship was located in 2015 with an estimated worth of US $17 billion.

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.

IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States

You may unsubscribe or change your contact details at any time.

Latest Emails from ibt-mail

ibt-mail

10:07 AM UTC

Trump's Love Of TikTok Raises Questions About US Ban

Newsletter Dec 24, 2024 Quick Six Trump's love of TikTok raises questions about its ban in US President-elect Donald Trump's repeated support for TikTok has sparked speculation about potential

ibt-mail

6:12 AM UTC

SNAP Benefits January 2025 Schedule and Average Monthly Payouts

Newsletter Dec 24, 2024 Welcome to your December 24 newsletter... The SNAP benefits schedule for January 2025 outlines the important dates for when recipients will receive their monthly payouts - an

ibt-mail

Dec 23, 01:02 PM UTC

Still $BTC Country: 'Headlines About The IMF Are Wrong,' Says El Salvador Bitcoin Office Director

Newsletter Dec 23, 2024 Still $BTC Country: 'Headlines About The IMF Are Wrong,' Says El Salvador Bitcoin Office Director El Salvador had to concede to some of the IMF's conditions to reach

ibt-mail

Dec 23, 10:12 AM UTC

Trump Threatens To Reclaim Panama Canal Over Shipping Fees

Newsletter Dec 23, 2024 Quick Six Trump threatens to reclaim Panama Canal over shipping fees President-elect Donald Trump slammed what he called unfair fees for US ships passing through the Panama

ibt-mail

Dec 23, 05:49 AM UTC

Haliey Welch Finally Releases Statement On Hawk Tuah Memecoin Scandal—Here's Who Investors Are Suing

Newsletter Dec 23, 2024 Welcome to your December 23 newsletter... Haliey Welch has released a statement addressing the Hawk Tuah Memecoin scandal, shedding light on the situation. Investors are now

ibt-mail

Dec 20, 12:55 PM UTC

Bitcoin Crash – Did Powell's Comments On US $BTC Strategic Reserve 'Nuke' The Market?

Newsletter Dec 20, 2024 'Welcome To Bitcoin, Newbies': HODL Trends On X Amid Crypto Market Crash The crypto market is in the red, and as many new holders get panicky about the development,

ibt-mail

Dec 20, 10:33 AM UTC

Bill Gates Dumps 5.93M Microsoft and 2.48M Berkshire Hathaway Shares, Boosts FedEx Stake by 65% in Q3

Newsletter Dec 20, 2024 Welcome to your December 20 newsletter... Bill Gates sold 5.93 million Microsoft and 2.48 million Berkshire Hathaway shares in Q3, reducing stakes in both companies. Meanwhile,

ibt-mail

Dec 20, 09:40 AM UTC

House Votes Down Trump-backed Spending Bill As Government Shutdown Looms

Newsletter Dec 20, 2024 Quick Six House kills Trump-backed spending bill; shutdown looms President-elect Donald Trump's meddling in a bipartisan spending bill appears to have backfired after the

ibt-mail

Dec 19, 04:15 PM UTC

Trump Opposes Spending Bill To Avert Government Shutdown

Newsletter Dec 19, 2024 Quick Six Trump opposes spending bill to avert government shutdown President-elect Donald Trump urged Republican lawmakers Wednesday to scupper a cross-party deal to avert a

ibt-mail

Dec 19, 04:01 PM UTC

Bitcoin Crash – Did Powell's Comments On US $BTC Strategic Reserve 'Nuke' The Market?

Newsletter Dec 19, 2024 Bitcoin Crash – Did Powell's Comments On US $BTC Strategic Reserve 'Nuke' The Market? Bitcoin has shed some $4000 overnight after Fed Chair Jerome Powell said the US

ibt-mail

Dec 17, 01:04 PM UTC

Bitcoin Tops $107,000, Inching Closer To Google, Amazon In Market Cap Ranks

Newsletter Dec 17, 2024 Bitcoin Tops $107000, Inching Closer To Google, Amazon In Market Cap Ranks Bitcoin hit a new all-time high Monday night, allowing the world's top digital currency to move

ibt-mail

Dec 17, 10:08 AM UTC

TikTok Asks Supreme Court To Temporarily Block Looming US Ban

Newsletter Dec 17, 2024 Quick Six TikTok asks Supreme Court to temporarily ban block in US TikTok asked the Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell