The 25-basis-point reduction aims to bolster a cooling economy amid slower job growth and easing inflation.
Citing a weakening labor market, the central bank lowered its benchmark rate by 25 basis points to a target range of 4.0% to 4.25%.
Chinese proptech firm reports a 45% jump in first-half sales, but swings to a net loss as margins tighten.
Trump administration cancels $679 million in federal support and halts a nearly-complete project, citing national security concerns.
Markets dip as the move raises questions over the central bank's independence amid White House pressure for rate cuts.
Solar, housing, and travel stocks lead market gains after Fed Chair signals a dovish shift, boosting investor optimism.
Jerome Powell signals policy shift to protect employment, sending Treasury yields tumbling and sparking a broad market rally.
A 2% rise in July's existing-home sales data fuels investor optimism for the real estate platform, sending shares up over 11%.