Wall Street closes lower after Fed holds rates steady, warns of higher for longer

By Stephen Culp (Reuters) – U.S. stocks slumped on Wednesday after the U.S. Federal Reserve held key interest rates unchanged as widely expected, and revised economic projections higher with warnings that the battle against inflation was far from over. All three major U.S. stock indexes retreated in the wake of announcement, with interest rate sensitive…

Read More

Gold Futures Maintain Winning Streak Amidst Federal Reserve’s Interest Rate Projections

Gold futures have been on an impressive winning streak for the past five days, a feat not witnessed since January, according to Dow Jones Market data. This remarkable ascent persisted even after the recent Federal Reserve announcement, further solidifying the market’s resilience. In its latest update, the Federal Reserve opted to keep its benchmark fed…

Read More

Amazon plays catch-up with Alexa generative AI, shows off new, refreshed hardware

By Greg Bensinger (Reuters) – Amazon.com Inc on Wednesday unveiled a slate of new and refreshed devices and updated its Alexa voice assistant with generative artificial intelligence to attract users to the unprofitable product as competition grows from chatbots like Google’s Bard. Alexa will converse more naturally, losing its robotic tone of nearly a decade,…

Read More