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Bank of England keeps key interest rate steady and avoids explicit signals that cuts are imminent

Bank of England keeps key interest rate steady and avoids explicit signals that cuts are imminent

LONDON (AP) — The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday even though inflation continues to drop from multi-decade peaks.
South Korea will take final steps to suspend licenses of striking junior doctors starting next week

South Korea will take final steps to suspend licenses of striking junior doctors starting next week

SEOUL, South Korea (AP) — South Korea’s government will take final steps to suspend the licenses of striking junior doctors next week as they refuse to end their weekslong walkouts that have burdened the country’s medical services, officials said Thu
Angela Chao, Mitch McConnell’s sister-in-law, was drunk when she drove into pond, police say

Angela Chao, Mitch McConnell’s sister-in-law, was drunk when she drove into pond, police say

JOHNSON CITY, Texas — Angela Chao, a shipping industry CEO and sister-in-law to Senate Minority Leader Mitch McConnell, was intoxicated when she drove into a pond and died last month in Texas, according to a law enforcement report released Wednesday.
Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demand

Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demand

SAN FRANCISCO (AP) — Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per share.
Alimentation Couche-Tard reports lower earnings amid economic headwinds

Alimentation Couche-Tard reports lower earnings amid economic headwinds

LAVAL, Que. — Alimentation Couche-Tard Inc. says net earnings attributable to shareholders totalled US$623.4 million in its third quarter, down 15.5 per cent from US$737.4 million a year earlier. The Laval, Que.-based company, which reports in U.S.
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation

Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation

WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street , despite signs that inflation remained elevated at the start of the year.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,045.71, up 185.13 points): TC Energy Corp. (TSX:TRP). Energy. Down 62 cents, or 1.13 per cent, to $54.04 on 24.1 million shares.
S&P/TSX composite up Wednesday, U.S. stock markets also rise after rate decision

S&P/TSX composite up Wednesday, U.S. stock markets also rise after rate decision

TORONTO — U.S. markets got a boost from the Federal Reserve's latest interest rate announcement, moving higher in the afternoon while Canadian markets followed suit. The U.S.
EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids

EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids

WASHINGTON (AP) — The Biden administration announced new automobile emissions standards Wednesday that officials called the most ambitious plan ever to cut planet-warming emissions from passenger vehicles.
Stock market today: Wall Street rallies to records as Federal Reserve still sees rate cuts for 2024

Stock market today: Wall Street rallies to records as Federal Reserve still sees rate cuts for 2024

NEW YORK (AP) — Stocks rallied to more records after the Federal Reserve indicated it’s still likely to deliver the cuts to interest rates this year that Wall Street craves. The S&P 500 rose 0.9% Wednesday.