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President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.
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With rates on hold, Powell said little to juice headlines.
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The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.
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Home Depot to cut 800 corporate jobs, require workers back to office full time ajc.comHome Depot cuts 800 jobs, orders corporate staff back to office full time Fox BusinessHome Depot lays off 800 workers, says corporate employees will return to office 5 days a week CNBCHome Depot is laying off 800
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The Federal Reserve wrapped up a two-day policy meeting Wednesday, delivering pretty much what the market expected.
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The Federal Reserve on Wednesday released its decision on interest rates.
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Governors Christopher Waller and Stephen Miran dissented against the decision, calling for a reduction
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Amazon is slashing about 16,000 corporate jobs in the second round of mass layoffs for the ecommerce company in three months.
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Asia tech seeks to extend January surge, gold keeps flying ReutersAsian shares mostly fall and gold jumps more than 4% after the Fed keeps rates unchanged Yahoo FinanceAsia Market Open: Bitcoin Range-Bound Near $88K As Asia Tech Loses Momentum, Gold Pushes Higher TradingViewBloomberg Daybreak Asia: Tech Earnings, Fed Outlook Bloomberg.com
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Tesla invests $2 billion in Musk's xAI and reiterates Cybercab production starts this year ReutersTesla to invest $2 billion in xAI, Elon Musk's OpenAI competitor CNBCTesla Takes a Stake in xAI, Linking Fortunes of Musk Companies Barron'sTesla (TSLA) Posts Fourth-Quarter Profit That Beats Expectations Bloomberg
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Powell has just two policy meetings left as chair — in March and April — before his term expires.
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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Buy expensive stocks - or build a whole portfolio - on the cheap. Fractional shares, increasingly available at online brokers including Schwab, Fidelity and Robinhood, allow you to buy a portion of a stock you might not otherwise be able to afford. You can even put together a portfolio of stock snippets, giving you a diversified ownership stake in the best of corporate America, even if you're just starting out and your budget is limited.
SEE MORE 11 Stock Picks That Billionaires Love
Say you had $1,000 to invest and wanted to buy stock in NVR (NVR), a homebuilder recently rated Strong Buy by investment research firm CFRA. You'd be out of luck, considering the shares recently traded for about $4,200 a pop. But at Schwab, for example, you'd be able to buy what the company calls a Stock Slice - a single slice or up to 30 slices at a time of any S&P 500 stock for as little as $5 per slice, commission-free. With Fidelity's Stocks by the Slice program, you can access more than 7,000 U.S. stocks and exchange-traded funds (ETFs) for as little as $1.
You can also trade fractional shares at Robinhood and InteractiveBrokers, each with programs starting at $1. Eligible stocks and ETFs at Robinhood trade for more than $1 per share and have a market value of more than $25 million. InteractiveBrokers allows trading in U.S. and European stocks and ETFs. Vanguard is testing fractional trading of Vanguard ETFs for launch later this year. The rules and eligible investments for fractional share-buying differ by broker, so be sure to compare options.
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