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Stock market today: Wall Street mostly higher on earnings ahead of Federal Reserve meeting [Video]

TOKYO – Wall Street barely budged early Tuesday as more companies post quarterly earnings and the U.S. Federal Reserve prepares to convene its latest monetary policy meeting and talk about interest rates.

Futures for the S&P 500 rose 0.2% before the bell, while futures for the technology-laden Nasdaq climbed 0.3%. Futures for the Dow Jones Industrial Average were unchanged.

The Fed’s latest policy meeting starts Tuesday and wraps up the following day with an interest rate announcement expected Wednesday afternoon.

Virtually no one expects the U.S. central bank to touch rates this week, but most economists expect the Fed to begin easing its monetary policy at the following meeting in September.

The Fed raised interest rates 11 times beginning in March of 2022 in a bid to tame the inflation that took root as the economy rebounded from the pandemic recession. Fed officials haven’t touched their benchmark rate, which is at a more than two-decade high, in more than a year, a …

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How China Is Rewiring Its Faltering Economy [Video]

Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.00:00 Introduction 01:05 China’s growth story 01:54 Solar firm GCL 02:50 Hi-tech sectors04:05 Tariffs and weak consumption07:09 Model of success If you want to read more on China’s “great rewiring,” click here: https://trib.al/25srtVZFor more on Xi Jinping’s plans for the Chinese economy, click here: https://trib.al/4zPyDoh Sign up here for the Next China newsletter to get Bloomberg’s weekly dispatches from Beijing: https://trib.al/kX4Zyws--------Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginalsBloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.