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Wall Street closes higher as Federal Reserve signals patience on rate cuts and traders bet on a softer landing for the US economy heading into year-end
The S&P 500 and Nasdaq notched fresh records after Chair Powell told lawmakers the central bank can afford to wait before easing policy further. Treasury yields slipped across the curve as traders dialed back bets on an imminent cut, while the dollar weakened against a basket of major peers. Bank stocks led the advance, with regional lenders rallying on hopes that a steeper yield curve will revive net interest margins into the new year as deposit costs finally begin to ease.
By Priya Raman451K viewsMarketsBoeing wins record $14 billion order as Gulf carrier expands long-haul fleet across Asia and Europe
The deal — covering 40 widebody jets with options for 20 more — marks the planemaker's largest single order of the year and lifts its backlog past 5,500 aircraft. Executives said the agreement underscores resurgent long-haul demand out of the Gulf as carriers race to add capacity on routes to Asia, Africa and the Americas. Deliveries are expected to begin in late 2027 and stretch into the following decade, giving Boeing's South Carolina widebody line a multi-year runway just as it stabilizes production after a turbulent stretch on the 787 and 777X programs.
By Maya Chen262.3K viewsBusinessCulture & Music
▶327K viewsBob Dylan: Icon of 20th Century Music
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359.1K viewsBob Dylan: The Best Collection of 1963
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91.7K viewsTop 20 Female CEOs In Tech Corporates
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179K viewsEverything about Bitcoin explained in this article
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