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Top E24 News

Divided Fed approves third rate cut this year, sees slower pace ahead — REUTERS / FBi345

Federal Reserve · United States

Divided Fed approves third rate cut this year, sees slower pace ahead

46% Center coverage: 178 sources

A Federal Reserve split over where its priorities should lie lowered its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee cut its key overnight borrowing rate by a quarter percentage point, putting it in a range between 3.5%-3.75%.See the Story

Oracle Stock Down 14%. Why Higher Risk Makes $ORCL A Sell

Jerome Powell · New York

Oracle Stock Down 14%. Why Higher Risk Makes $ORCL A Sell

60% Center coverage: 37 sources

With relatively tepid growth, rising debt, an increasing cash burn rate, soaring capex and reliance on money-losing OpenAI, $ORCL has not earned its premium valuation.See the Story

Norway Central Bank Puts Digital Currency Considerations on Ice

Central Bank · Norway

Norway Central Bank Puts Digital Currency Considerations on Ice

100% Left coverage: 1 sources

Norway’s central bank sees no need to introduce a digital currency for now, in an assessment that cements the conservative stance of Nordic authorities regarding such instruments.See the Story

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