() -U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank's economic projections signaled a slower pace of cuts next year. According to preliminary data, the lost 2.96%, while the lost 3.62% and the fell or 2.61%. The Dow suffered its 10th

By Michael S. Derby () - The Federal Reserve adjusted a key part of its rate control toolkit on Wednesday, lowering the rate it offers on its reverse repo facility by more than it cut the federal funds rate. The Fed said that the reverse repo rate will now stand at 4.25% from its prior

Investing.com -- The Federal Reserve cut interest rates by 25 basis points on Wednesday, but halved the number of rate cuts expected for next year as the battle to bring inflation down toward the central bank's target is now expected to take longer than previously expected.            The Federal Open Market Committee, the FOMC, cut its

WASHINGTON () - Top Republicans and Democrats in the U.S. Congress have crafted temporary spending legislation to keep federal agencies funded through March 14, which would avert a partial government shutdown that would otherwise begin on Saturday. The 1,547-page bill also contains a wide range of other provisions that have nothing to do with government

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By Andrew Chung () -The U.S. Supreme Court agreed on Wednesday to hear South Carolina's bid to cut off public funding to Planned Parenthood in a case that could bolster efforts by conservative-leaning states to deprive the reproductive healthcare and abortion provider of government money. The justices took up South Carolina's appeal of a lower

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON () - Next (LON:) year's top pick for hedge fund strategies is so-called macro, with U.S. President-elect Donald Trump centre-stage as investors bet on how global policy decisions will impact economic conditions and play out in financial markets. Hedge fund returns benefited this year from wild

By Valentina Za, Rachel More and Tom Sims MILAN/BERLIN () -Germany rejected UniCredit's latest Commerzbank (ETR:) stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank's biggest private investor in September, said it had raised its stake in Commerzbank to 28%

Investing.com -- SandboxAQ, a startup specializing in applying quantum technology to AI development, has successfully raised over $300 million. The funding round has increased the company's valuation to more than $5.6 billion. The new funds will be utilized to recruit more engineers to further the company's mission. The company, chaired by former Google chief Eric

Investing.com -- Sweden's Finance Ministry has cut its economic growth forecast through 2026. The ministry cites prolonged weakness in Sweden's economy, the largest in the Nordic region, and heightened global uncertainty as the reasons for this revision. The country's Gross Domestic Product (GDP) is now anticipated to grow 2.2% in the next year on a