After Fed Rate Cut, Get Ready For Pivot As S&P 500 Hits Record

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After Fed Rate Cut, Get Ready For Pivot As S&P 500 Hits Record

With one last Fed rate cut expected Wednesday afternoon, the Fed’s midcourse adjustment will be done. If there were any doubt, Monday’s record high for the S&P 500, with the Dow Jones and Nasdaq a whisker away, provided an exclamation point. Here are …
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Only geopolitics can sink the US into recession, Blackstone's Schwarzman says

The U.S. economy is actually looking “quite robust” thanks to a healthy labor market and higher consumer spending, Steve Schwarzman, the co-founder, chairman and CEO of Blackstone Group, told CNBC Monday. A slew of disappointing economic data last …
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Reliance to create $15 billion digital unit to pare telecom debt

India’s Reliance Industries Ltd on Friday said it would invest nearly $15 billion to create a digital services company as it seeks to cut debt at its telecom venture, potentially making way for the entry of a strategic investor. Controlled by billionaire Mukesh Ambani …
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Wall Street profits see best first half since 2010

The Wall Street securities industry produced its best first-half pre-tax profits since 2010 when adjusted for inflation, but the second half of the year could be threatened by a slowing global economy and other factors, New York State Comptroller Thomas …
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Wolters Kluwer Adds Powerful Capabilities to CCH Axcess™ iQ to Help Tax & Accounting …

DENVER–(BUSINESS WIRE)–During its annual CCH Connections User Conference, today Wolters Kluwer Tax & Accounting showcased several
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