Major U.S. stock averages closed off session lows Wednesday, as investors heard Federal Reserve Chairman Jerome Powell indicate that largely solid U.S. economic conditions do not warrant continuing on an aggressive pace of rate cuts.

Fed chief Jerome Powell refused to be drawn into talking about President Trump during his press conference. "I am not going to have any response or comment on what the president said," Powell said. "It's not appropriate for me to do so.

Nasdaq 100 dips as Powell’s Fed decision, Nvidia’s AI battle, and key earnings from Microsoft, Tesla, and Meta set the market tone. Volatility ahead!

Bitcoin (CRYPTO: BTC) may have found a new friend in town, as Fed Chair Jerome Powell took a surprisingly open stance on crypto assets during his Wednesday press conference. Powell indicated that banks can serve crypto customers as long as they understand and manage the risks,

Dow Jones stocks edged higher in the stock market today as investors awaited Powell's remarks and earnings from three tech titans.

Wall Street's major averages notice limited moves on Thursday, as the Q4 GDP growth came in weaker than expected, while investors digested the tech earnings.  Early on and the S&P 500 (SP500) was +0.1%,

Federal Reserve Chair Jerome Powell on Wednesday said asset prices appear "elevated by many metrics right now," driven in part by "this thing around tech and AI." In his news conference following the Fed's policy decision,

Federal Reserve Chair Jerome Powell told reporters that bank reserves appear to remain abundant, leaving room for the central bank to continue shrinking its balance sheet, a process widely known as quantitative tightening,

BT full-fibre rollout continues progress, handset sales fall 07:48 , Graeme Evans BT Group today said the roll out of full fibre broadband passed more than one million premises for the fourth consecutive quarter.

The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,

IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company forecasted free cash flow of $13.5 billion for the full year, above the $12.92 billion Wall Street had expected. IBM also said its generative AI book business now stands at more than $5 billion.

Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.