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Key Takeaways The Fed cut interest rates yesterday, which may be welcome relief for homeowners hoping to refinance their mortgages and secure lower rates. The Fed does not directly impact mortgage rates, but it can influence what lenders charge their customers. When refinancing, compare loan terms and interest rates. Shorter mortgage terms usually come with lower rates but higher monthly payments.

Shares of Truth Social’s parent company fell Thursday, extending the latest round of declines for Trump Media & Technology Group.

Intel said it has no plans to sell its majority stake in self-driving technology firm Mobileye Global, ruling out one potential cost-saving option for the beleaguered tech giant.

Key Takeaways Markets were buoyant on Thursday ahead of Friday's triple-witching, which refers to the simultaneous expiration of stock options, index options, and index futures contracts. Triple-witching often results in greater trading volume and volatility, especially in the final hour of the session. The majority of long-term, buy-and-hold investors shouldn't be too worried, as heightened volatility and unexpected price swings are likely to be short-lived.

The S&P 500 soared 1.7% on Thursday, Sept. 19, notching a record closing high a day after the Fed opted for an aggressive interest-rate cut. Darden Restaurant shares skyrocketed after the Olive Garden parent reported improving sales trends and announced a pilot delivery partnership with Uber Eats. Shares of Deckers Outdoor lost ground following the completion of the footwear and apparel company's stock split.

FedEx shares tumbled in extended trading Thursday after the company missed analysts' expectations with its fiscal first-quarter results and slashed its full-year outlook.

Key Takeaways Nike shares surged in extended trading Thursday after the global shoe and athletic apparel company named Elliott Hill its CEO, replacing John Donahoe. Hill will return to Nike after retiring in 2020, which at the time marked the end of a long career at the company. It's been a tough year for Nike, and Hill will have the task of reviving a stock that lost about a quarter of its value from the start of 2024 through Thursday's close.

Key Takeaways Despite the Federal Reserve cutting interest rates yesterday, you still have plenty of options to earn well above 5% on your cash in the bank. Below we lay out the top 11 options that pay a nation-leading rate with opening or ongoing minimums as low as $0 and no higher than $100.

The best CD rate is still 5.25%, which you can earn on terms of 3 to 7 months. But after yesterday's Fed rate cut, the best 1-year rate has dropped to 5.15%.

Key Takeaways The Dow Jones Industrial Average will likely remain in focus on Friday after setting a new record high today above 42,000, gaining momentum after the Fed's big half-point rate cut yesterday. The Index has moved higher after retesting the top trendline of an ascending triangle.