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Asian markets fluctuate on uncertainty over Fed rate plan
Asian markets fluctuate on uncertainty over Fed rate plan

Asian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data. Still, Asian markets fluctuated.

US Fed set to make first rate cut since 2020
US Fed set to make first rate cut since 2020

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets. But as inflation has fallen in the months since, and the labor market has cooled, analysts at top US banks have raised the number of cuts they expect the Fed to pencil in this year.

Musk to deliver 'drastic' cuts to Trump government
Musk to deliver 'drastic' cuts to Trump government

Elon Musk's fervent support for Donald Trump in the upcoming US election could extend far beyond incendiary tweets and campaign cash if the former president returns to the White House. The nine-member top court is now dominated by conservatives, including several Trump appointees, and has made recent decisions increasing the powers of the White House.

Google faces another test in EU court over 1.5-bn euro fine
Google faces another test in EU court over 1.5-bn euro fine

An EU court will rule on Wednesday on Google's appeal of a 1.49-billion euro ($1.65 billion) fine from the European Union, a week after the US tech giant suffered a stinging legal defeat over a bigger penalty. The legal saga continues in that case after Google appealed the latest decision before the higher European Court of Justice.

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