Author: connecticuttoday.com

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.

FedEx announces plans to spin off FedEx Freight into a new public company within 18 months, creating North America’s largest LTL carrier and boosting operational efficiency.

AT&T will require all office employees to work on-site five days weekly starting January 2025, marking a shift from its hybrid model and aligning with other corporations reversing remote work policies.

Broadcom surged 11% on Monday, extending its record rally fueled by AI growth, a $1 trillion valuation, and raised price targets from top analysts.

Honda and Nissan are reportedly in early-stage talks to merge, aiming to compete with dominant EV makers like BYD in a rapidly evolving global market.

UK inflation rose to 2.6% in November, reflecting rising energy costs and wage pressures, according to the ONS. Core inflation also rose to 3.5%, underscoring persistent challenges.

Starbucks doubles parental leave, giving birth parents up to 18 weeks and non-birth parents 12 weeks, under CEO Brian Niccol’s strategy to boost benefits and workplace culture.

Markets opened higher Monday as investors awaited the Federal Reserve’s meeting, with key rate decisions and 2025 projections expected, while Nasdaq reshuffle pressured Super Micro and boosted MicroStrategy.

Olaf Scholz loses Bundestag vote, prompting early elections in February 2025, as CDU’s Friedrich Merz leads polls amid political instability and economic challenges in Germany.

The Federal Reserve is likely to cut rates again next week, marking the third reduction since September, potentially easing financial pressure on borrowers while savings account yields remain competitive.