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In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent ...

I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed t...

We will have more on all of those stories coming up. First, lets cross and catch up with the sport headlines. Sarah mulkerrins is there. Matthew, good evening. Lets start at the cricket at trent bridge, where australia are Chasing 316 to beat england in the first of five one day internationals. England won the toss and decided to bat with Ben Duckettjustifying his elevation to opener with 95 off 91 balls. He set up a good platform, didnt get to his century, with groans around the ground when he fell to marnus labuschange. England then failed to really capitalise on that platform they lost the ...

To identify and remove any deceptive material. It is the first state in the nation to pass such legislation. Is it the new benchmark . Some of this stuff obviously fake, some of it designed to poke fun. But look how these ai memes of cats and ducks powered the pet eating Rumour Mill in america with dangerous consequences. It is a problem too in china. How does the Communist Party retain social order, in a world where the message can be manipulated . Beijing is pushing for all alto be watermarked. And is putting the onus on the creators. And from politics to branding theres no bigger brand than...

Recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate or economic outlook since the pandemic began. Investors have cheered the cut, the Dowjones Industrial The Dow Jones Industrial Average the Dowjones Industrial Average 500 rising to a new all time high. More from new york. Record high, a day after the Federal Reserve kicked off its easing cycle. The 500 Euros i. 7 easing cycle. The 500 Euros 1. 7 and extending this years gains 20 meanwhile, 500 points topping 42,000 ...