Top Stories Today

Economy & Finance

Fed

The Federal Reserve reduced interest rates by a quarter point, lowering the benchmark range to 4.50%-4.75%, as anticipated. Policymakers noted that while the labor market remains tight, conditions have eased, signaling a shift from focusing on monthly job gains to a broader view. Inflation has shown progress toward the 2% target, but recent adjustments in the Fed’s statement suggest a slightly more cautious tone compared to September. Treasury yields reacted modestly, and markets priced in the possibility of another cut in December. President-elect Donald Trump’s return has added economic uncertainty, influencing investor expectations for future rate decisions.

Technology

Pinterest

Pinterest's revenue outlook for the fourth quarter disappointed investors, leading to an 11% drop in its stock price, despite strong growth in user numbers and quarterly profit. The company launched a new $2 billion stock buyback plan and highlighted AI-driven advertising tools. However, challenges persist, including rising expenses and stiff competition from larger platforms like Meta. The holiday season's ad spend remains uncertain, with performance and adoption of new features being limited. While revenue and active user growth exceeded expectations, concerns over cost management and market competition continue to impact investor sentiment.

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