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Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week's meeting because inflation is falling even faster than he had expected.
Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after "lockup" restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares.
Mercedes shares fell more than 6% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector.
Chinese electric vehicles will remain competitive in Europe despite the EU's additional tariffs on autos made in the country, particularly after they were revised lower last month.
LONDON — Monaco, Italy, Switzerland, Dubai. They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime.
Indian education technology startup Physics Wallah announced on Friday that it had raised $210 million as it looks to expand its business, in part via acquisitions, amid troubles in the sector.
Dow Jones Industrial Average futures flickered near the flatline Friday after the 30-stock benchmark closed at a record, bolstered by enthusiasm over the Federal Reserve's interest rate cut.
China on Friday kept its main benchmark lending rates unchanged at the monthly fixing.