Edition 338: 3 things investors need to know from last week!
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Fed Pauses as Outlook Brightens: The Federal Reserve held its benchmark interest rate at 3.5%–3.75%, pausing after three consecutive cuts as economic conditions improved. Policymakers cited solid growth, stabilizing unemployment, and still-elevated inflation, signaling a wait-and-see approach with limited guidance on future moves.
Source: CNBC
Dollar Slides as Yen Surges: The U.S. dollar fell for a fourth straight session, hitting a four-month low as traders weighed potential U.S.–Japan currency intervention and mounting political and policy uncertainty. The yen strengthened past 153 per dollar on intervention chatter, while the euro and pound climbed to multi-year highs ahead of a closely watched Fed decision.
Source: Reuters
Capital One Scoops Up Brex: Capital One agreed to buy fintech startup Brex for $5.15 billion in cash and stock, marking CEO Richard Fairbank’s latest major acquisition. The deal values Brex at less than half its prior $12.3 billion valuation, underscoring tougher conditions for fintechs despite strong growth and adoption.
Source: CNBC
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