Yes, the Fed did cut its prime lending rate today but then Chair Jerome Powell added some uncertainty to the future and that impacted the markets. This is the Business News Headlines for Wednesday the 29th day of October, thanks for being with us. In other news, layoffs to begin at Paramount, who didn’t see this coming? Starbucks reported earnings today and what we learned. Nvidia becomes the first company valued at five trillion dollars…but here too is a but. Meanwhile an AI company says they are going to block kids from their chatbots and why. We’ll check the numbers from The Wall Street Report and CVS surprises Wall Street but its health care clinics seem to be a problem. Let’s go…
Thanks for listening!
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.