Quartz
Quartz (qz.com) is a global digital-only business news publication. It is owned by Atlantic Media Co., the publisher of The Atlantic, National Journal, and Government Executive. Its team of 150 staff members was pulled together from prominent brands in business journalism: Bloomberg, The Wall Street Journal, The Economist, and The New York Times." The four initial sponsors of Quartz were Boeing, Chevron, Cadillac, and Credit Suisse. Quartz's core market is global business people, with its focus on international markets. Its news articles cover global economy news, ranging from geo-political conflicts to policies and regulations.
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The Federal Reserve kept interest rates on hold Wednesday as expected, but slowed the pace of the sale of some assets from its balance sheet. Chair Jerome Powell will start speaking at 2:30 p.m. EDT. The governors held the key rate at 4.5% at this meeting, and the SEP showed year-end media federal funds rate of 3.875%, implying 50 basis points of total cuts in 2025, the same as in December. The central bank cut maximum monthly redemptions of Treasuries to $5 billion from $25 billion. The cap on redemption...