US sectors to watch as Fed lines up first rate cut of 2025

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US sectors to watch as Fed lines up first rate cut of 2025

(Reuters) -U.S. corporate sectors that are sensitive to interest rates will be in focus as the Federal Reserve looks poised to lower borrowing costs for the first time this year, with most having already notched up gains after Chair Jerome Powell hinted at cuts last month.After easing rates by 50 basis points …

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Waymo to offer autonomous rides in Nashville on Lyft ride-hailing network

(Reuters) -Alphabet’s Waymo plans to start offering autonomous cab rides in Nashville next year in collaboration with ride-hailing firm Lyft, the two companies said.Riders in the Music City will initially be able to hail self-driving cabs through the Waymo app. As the service grows, riders will also be a …

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Amazon invests over $1 billion to raise employee pay, lower healthcare costs

The technology giant said the average pay would increase to more than $23 per hour, adding that full-time employees will see their pay increase by $1,600 per year, on average. The company is lowering the cost of its entry-level health care plan to $5 per week and $5 for co-pays, starting in 2026, representing …

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FedEx profit to be dragged down by US tariffs on previously exempt parcels

LOS ANGELES (Reuters) -FedEx will report a quarterly profit hit from President Donald Trump’s decision to end tariff-exempt treatment for popular direct-to-consumer shipments when the global delivery firm reports results on Thursday, analysts said. FedEx’s fiscal first quarter, which ended on August 31, capt …

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