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Federal Reserve · United StatesA Federal Reserve split over where its priorities should lie lowered its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee cut its key overnight borrowing rate by a quarter percentage point, putting it in a range between 3.5%-3.75%.See the Story
Divided Fed approves third rate cut this year, sees slower pace ahead
46% Center coverage: 179 sources
Business · MassachusettsiRobot, the Massachusetts-based firm known for its Roomba robot vacuums, filed for bankruptcy protection in Delaware on Sunday and agreed to be acquired by its primary supplier, Shenzhen-based Picea Robotics, which will receive all equity in the revamped business.See the Story
iRobot Files Bankruptcy, Acquired by Picea
50% Center coverage: 151 sources
