Major stock indexes mostly rose on Thursday, with the ‌Dow ​and S&P 500 posting record closing highs even as ‌technology-related shares fell following disappointing forecasts from Oracle, while the dollar and U.S. bond yields declined. The Nasdaq ended lower, while ​the Dow and S&P 500 added to gains from the day before, when the Federal Reserve cut interest rates but gave a less hawkish outlook than expected. A global stock index was ‍also higher. Cloud computing giant Oracl

Jerome Powell, chair of the Federal Reserve Board of Governors, speaks at a press conference at the Federal Reserve in Washington on July 30, 2025. The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution. (Caroline Gutman/The New York Times) By COLBY SMITH The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday in a highly contentious decision. The split among policymakers suggested

President Donald Trump delivers remarks on the economy at the Mount Airy Casino Resort in Mount Pocono, Penn., on Tuesday, Dec. 9, 2025. The speech was expected to be the first of a series of speeches that the White House hopes will address American concerns about affordability, a problem he dismissed a week ago as “the greatest con job” designed by Democrats. (Doug Mills/The New York Times) By DAVID E. SANGER President Donald Trump on Tuesday night gave the first of a series

Wall Street’s main ‌indexes ​were mixed on Wednesday, ahead of a ‌closely watched Federal Reserve decision widely expected to deliver a rate cut, while investors grew ​uncertain over the extent and pace of rate reductions in 2026. The central bank’s ongoing meeting is likely one of its most divisive in ‍years, as policymakers seek a delicate balance ​between reducing borrowing costs to support the labor market and curbing any reacceleration of inflation. A prolonged absence o

The American Yacht Harbor club on St. Thomas in the U.S. Virgin Islands, Feb. 2, 2020. The American Yacht Harbor sits just a few miles north of the private island in St. Thomas that was the grim epicenter of Jeffrey Epstein’s trafficking operation. (Gabriella N. Baéz/The New York Times) By DEBRA KAMIN Few people wield more power in New York City real estate than Andrew Farkas. In the last few years, Farkas’ company has acquired the Sheraton Times Square, the third-largest hot

Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve’s path forward on interest rate hikes. U.S. consumer prices accelerated as Americans continued to be burdened by higher rental housing costs, suggesting that the Fed will maintain its fight against inflation. “Inflation remains elevated, albeit it appears to be slowing,” said Terry Sandven, chief equity strategist at U.S. Bank We

Jerome Powell, the Federal Reserve chair, delivers remarks after the central bank held interest rates steady for a fifth meeting in a row, in Washington, July 30, 2025. The chair of the central bank is grappling with internal divisions amid a complicated economic backdrop while being besieged by President Trump and front-runners jockeying to replace him. (Caroline Gutman/The New York Times) By COLBY SMITH At a congressional hearing in June, Jerome Powell touched briefly on hi

Global equity funds attracted significant inflows in the week through December 3 as expectations of a potential Federal Reserve rate cut this week boosted risk sentiment. Investors bought global equity funds worth a net $7.93 billion during the week in a reversal from approximately $6.41 billion worth of net sales the prior week, LSEG Lipper data showed. Investors have priced in an 89.6% chance of a 25 basis point Fed rate reduction on Wednesday, the CME Fed Watch tool show