LONDON (Reuters) – When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. The size of a first move and the scale of overall easing remains open to debate, while a looming U.S. election is another complicating factor for…
By David Shepardson (Reuters) -Boeing said on Wednesday the planemaker will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes. “We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers…
By Sheila Dang (Reuters) – Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump’s Democratic rival Kamala Harris. Workers at Tesla have contributed $42,824 to Harris’ presidential campaign versus $24,840 to Trump’s campaign, according to…
(Reuters) – The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years, on anticipation the Federal Reserve will start cutting interest rates on Wednesday, potentially by as much as a half of a percentage point. The average contract rate on a 30-year fixed-rate mortgage dropped…
