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S&P 500 hits new record after Fed makes jumbo cut to US interest rates
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. The S&P 500 hit a record high on Thursday as investors bet the Federal Reserve’s jumbo half-point interest rate cut would help deliver a soft landing for the US economy. Wall Street’s benchmark index jumped as […]
Sources Say RadioShack is Closing in on an Agreement for Store Closings
Though cautioning that no definitive deal has been struck, one source said that the odds are good that the final agreement would allow RadioShack to close a greater number of stores than Salus’ second-lien term loan currently allows. As it stands, lenders would have to approve a move by …