Traders boosted bets on a September rate cut after Powell’s comments, now placing a nearly 90% chance of a reduction, versus ...

The Fed chair's remarks come against a fraught background with elevated inflation and weak hiring complicating the governors ...

His comments paved the way for a potential rate cut at the Fed's September meeting, although Powell stressed the importance of jobs and inflation data due before then.

The EV-maker's stock led gains for the Magnificent Seven during the broad market rally, rising 6.2%. Alphabet picked up 3.2%.

Chinese stocks are having a strong summer. The Shanghai Composite Index hit its highest level since August 2015—back when a ...