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By Tom Westbrook SINGAPORE (Reuters) -The dollar bounced, long-dated bond yields were up and Asian stocks rose after the U.S. Federal Reserve announced a 50-basis-point rate cut and flagged that its easing cycle would be measured. The S&P 500 hit a record high overnight and although it closed slightly lower, …

Cindy Ord/Getty Images for Yahoo; iStock; Rebecca Zisser/BI Fundstrat’s Tom Lee expects the S&P 500 to top 15,000 by 2030. Demographic trends, millennial spending habits, and technology advancements will be key drivers. Here are the four charts that show why Lee is so bullish on the stock market. Fundstrat’s Tom …

Boeing Furloughs White-Collar Workers as Strike Worsens Cash Crunch Source link

(Bloomberg) — Asian equities braced for a tailwind from the Federal Reserve’s half-point rate cut and signs of further policy easing in the months ahead. Most Read from Bloomberg Japanese equity futures rose, while contracts for US benchmarks also climbed, to largely erase Wednesday’s losses. The S&P 500 initially touched …

(Bloomberg) — US equities will climb through the rest of the year with the Federal Reserve’s aggressive interest-rate cut bolstering the chances of a soft landing for the economy, according to a survey of Bloomberg Terminal subscribers. Most Read from Bloomberg The rally will likely be too modest to take …

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The Federal Reserve signaled Wednesday it would lower interest rates two more times this year after it slashed its benchmark federal funds rate by 50 basis points to a range of 4.75%-5.0% at the conclusion of its meeting on Wednesday. Fed officials see the fed funds rate coming down to …

(Bloomberg) — Traders added to bets on further easing by the Federal Reserve and the dollar ticked lower after the US central bank cut interest rates by a half-point in its first reduction in four years. Most Read from Bloomberg The move brings to an end weeks of speculation about …

(Reuters) – The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. Policymakers see the …

Summary Hormel Foods Corp., based in Austin, Minnesota, produces and markets meat and food products to retail, foodservice, deli, and commercial customers in the U.S. and internationally. The company is 48%-owned by the Hormel Foundation. The Foundation’s priorities are to preserve the independence of the company; support the Austin, Minnesota, …