Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.Marketsread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.Market Insiderread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
Gold edged lower on Wednesday but held about the key $1,500 per ounce level after the U.S. Federal Reserve decided to cut interest rates.Futures & Commoditiesread more
It appears "Jeopardy!" is the latest victim of a major spoiler leak.
A video surfaced Sunday night on Twitter purporting to show reigning champion James Holzhauer's winning streak coming to an end. The episode is reportedly supposed to air Monday night.
In the minute-long video, Holzhauer and competitor Emma Boettcher both correctly answer the Final Jeopardy question, but Boettcher pulls out the win, having wagered more money. Twitter later disabled the video, citing "a report by the copyright owner."
Holzhauer bet an uncharacteristically low amount — only $1,399 — bringing his game total to $24,799. Boettcher, on the other hand, bet a whopping $20,201 on the question, bringing her total to $46,801.
On the video, Holzhauer can be see giving Boettcher a high-five.
Holzhauer appeared to confirm the loss on Twitter, writing "Knew I shouldn't have invited Drake to the Jeopardy taping."
The joke is a reference to the "Drake Curse." The rapper has a habit of appearing at sporting events to root for a team or athlete only for them to end up losing. The "curse" has impacted the Toronto Maple Leafs, Alabama Crimson Tide and Ultimate Fighting Championship star Conor McGregor.
Representatives from Sony, which produces the show, were not immediately available to comment.
On Friday, Holzhauer, a 34 year-old professional sports gambler, won his 32nd game on the show bringing his total earnings to $2,462,216.
If the leaked video is correct, Holzhauer will have been granted $2,000 for his second-place finish falling short of Ken Jennings' historic 74-game winning streak and his record payout of more than $2.5 million.
Leaked footage from TV shows and films has been a major issue for production companies as of late. In the last few months alone, spoilers from "Game of Thrones" and "Avengers: Endgame" both hit the internet ahead of their release.
Leaks like this can be detrimental not only to viewership numbers but also ticket sales, when it comes to movies.
Since Holzhauer's winning streak, ratings for "Jeopardy!" have continued to spike. The leaked footage could hurt Monday night's ratings. It is expected that once the hype around Holzhauer's appearance dissipates, ratings will also decline from recent levels.