Stocks rose last week after the Federal Reserve cut interest rates, and the Dow closed at a record high Friday.
Congress is trying to prevent a government shutdown, while Vice President Kamala Harris had a cash edge over former President Donald Trump entering the final stretch of the 2024 presidential campaign.1. Rate relief Investors cheered the Federal Reserve's huge policy move last week. The question now is what the central bank will do next. Theall rose more than 1% for the week, as the Dow closed at a record high Friday. The moves followed the Fed's decision to cut interest rates by 0.5 percentage points on Wednesday.
House Speaker Mike Johnson speaks during Day 2 of the Republican National Convention , at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024.The U.S. government is careening toward a shutdown. Congress has only a week to pass a spending bill or let funding for major parts of the government lapse only about a month before the 2024 election. On Sunday, Republican House Speaker Mike Johnsonto keep the government running through Dec. 20.
American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023., people with knowledge of the negotiations said. The talks are ongoing and any potential agreement would be subject to regulatory approval. While co-branded cards can be lucrative for banks, more institutions have grown skeptical of the deals as partners push for bigger slices of the revenue and the regulatory environment gets tougher.
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