Stock market today: US futures stall as investors keep watchful eye on economy

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US Stock Futures News

The Federal Reserve

Now that the Fed has started cutting rates, the economy has taken to the fore for investors.

US stock futures hit pause on Wednesday after Wall Street markets hit their latest all-time highs, as investors looked to upcoming data for clues to the health of the economy and the chances of another jumbo rate cut.. The debate centers on whether the Federal Reserve lowered rates by a bigger-than-usual 0.5% in response to a slowing in the economy, and what further malaise means for another hoped-for deep cut.level since 2022, according to MBA data released before the bell.

Data-watchers get the latest reading on home sales to scour for more insight later on Wednesday. But the spotlight is firmly on Thursday's second quarter GDP print and Friday's crucial reading on the PCE index — the inflation gauge favored by the Fed. The parade of Fed speakers continues with Governor Adriana Kugler, whose comments will likewise be scrutinized for insight into the size and pace of coming rate cuts when she appears later Wednesday.Uber is on an autonomous vehicle partnership spree. The ride-hail and delivery giant announced Wednesday a deal to bring WeRide’s robotaxis to the Uber platform starting in Abu Dhabi later this year. The WeRide tie up is Uber’s latest push to lock in AV partnerships.

Eddie Hearn has said he would play Saudi Arabia’s national anthem at every boxing event he promotes if the country bankrolling it asked him to.As part of our regular career clinic series, Jo Glynn-Smith gives advice to a reader who is struggling to make friends in her new roleHERNDON, Va., September 25, 2024--BlackSky Technology Inc. today announced the pricing of an underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $4.00 per share.

Donald Trump has been briefed by US intelligence officials about “real and specific” threats from Iran to assassinate him, his campaign has said.

 

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