Markets fell Wednesday after the Federal Reserve's decision to cut interest rates by 50 basis points.
The central bank's Chair Jerome Powell tried to dispel concerns that the significant move signaled fears about the economy.24/7 New York news stream: Watch NBC 4 free wherever you are Stock markets took a volatile turn Wednesday as investors weighed the Federal Reserve's interest rate decision. Market watchers initially cheered the outsized 50-basis-point rate cut, but it raised concerns that the Fed was trying to get ahead of potential economic weakness.closed 103.08 points lower, or down 0.25%, after earlier rising as much as 375.79 points just after the Fed decision. Thefell 0.31%.
The WNBA is booming. The league has broken viewership and attendance records this season, and its new media rights deal within Portland on Wednesday, the third team in its current round of expansion. Yet players still make relatively modest salaries. Rookie superstar Caitlin Clark, who has helped to fuel the league's popularity, makes around $76,000 this year. Many of the league's most accomplished veterans make around $200,000.
Here's more on why the WNBA is growing so fast, and how the league's economics could change in the coming years.
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