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Clayco executive chairman and founder Bob Clark says there's one thing to keep in mind when it comes to AI infrastructure constraints: electricity. More: https://lnkd.in/epHnJcyc #yahoofinance #finance #AI #tech #energy #markets #artificialintelligence

Stocks initially rallied following the Fed's rate cut announcement before paring those gains. The tech-heavy Nasdaq Composite and the the S&P 500 closed down about 0.3%, while the Dow Jones Industrial Average was off about 0.25%. https://yhoo.it/4defBEC

This is the economic U-turn we've been waiting for. The Federal Reserve Board announced a massive half-point cut in short-term interest rates on Wednesday. It's been a long time coming. After inflation peaked at 9.1% in June 2022, the Fed worked to tame consumer prices with 11 interest rate hikes over the ensuing months. Then, rates remained unchanged beginning in August 2023. With inflation at 2.5% in August — tantalizingly close to the 2% target — Fed officials felt the time was finally right to steer interest rates lower. What does the rate cut mean for your finances? More: https://lnkd.in/euY-Pny3 #yahoofinance #finance #economics #inflation #money #personalfinance

The Federal Reserve Board slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025. The action marks the Fed’s first easing of monetary policy since 2020 and the termination of its most aggressive inflation-fighting campaign since the 1980s. The decision came in a split vote at the conclusion of the Fed’s two-day policy meeting as officials cut the central bank’s benchmark rate by 50 basis points to a new range of 4.75%-5.0%. Rates had previously been held at a 23-year high since July 2023. There was some division on the final decision, with Fed governor Michelle Bowman dissenting. She preferred to cut rates by 25 basis points instead of 50. No Fed official has voted against a policy decision in two years, matching one of the longest such streaks in the past half century. Moreover, no Fed governor has dissented on a rate decision since 2005. More: https://lnkd.in/eEGTAad9 #yahoofinance #finance #economy #inflation #markets

The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025. https://yhoo.it/3TAKSuv

Amazon will invest more than $2.2 billion to bump up the pay of hourly workers in its fulfillment and transportation operations in the United States. https://yhoo.it/3XvMvuT

The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with issue said, a purchase that if completed will match its largest yet in the replenishment of the stash after a historic sale in 2022. https://yhoo.it/4esIyh4

Every Monday, RossMac's “Financial Freestyle” offers Yahoo Finance's audience insights, advice, and inspiration to help individuals achieve better financial outcomes in their own and their families' lives. He is part of our expanding roster of creators and influential voices from across social media adding their own specific perspectives to our daily market coverage. Ross (Shareef (Ross Mac) McDonald, at left below) is being joined by, among others, Robert Powell, CFP?, RMA?; Tiffany "The Budgetnista" Aliche, and John Auten-Schneider and David Auten-Schneider (the "Debt Free Guys"). There's more about these shows and others coming soon here: https://lnkd.in/gJV_NZJS People can view and listen to these new shows on our site and apps, our streaming channels, YouTube, Spotify, Apple Podcasts and other podcast platforms.

Investors are growing increasingly confident that the global economy can achieve a soft landing, in which inflation retreats without a large drawdown in economic activity. https://yhoo.it/3B9TjH2

Okta co-founder and CEO Todd McKinnon says macroeconomic uncertainty has weighed on the demand for software throughout 2024. "What's different is that companies are being careful with their money. They're rationalizing the technology they purchased over the last four or five years. They're making sure that they're getting real return on investment out of all the solutions," McKinnon told Yahoo Finance at the Goldman Sachs Communacopia and Technology Conference. "So it does take longer sometimes to justify what they're investing in, but we're very confident in our ability to do that over time, and that's what we're focused on," he added. Okta's stock was hit hard following its Aug. 28 second quarter earnings release, dropping 18%. McKinnon said he and his team are very focused on improving growth into year-end and in 2025, mainly through new product releases around AI. More: https://lnkd.in/ePeCijsX #yahoofinance #finance #tech #ai #software #business #markets