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Fed Holds Rates; Starbucks Struggles Amid Musk's X Money Plans

1/29/2025

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Summary

Story summary

The U.S. Federal Reserve plans to keep interest rates at 4.25%-4.5%, despite calls for reductions.
Starbucks exceeded earnings expectations, but same-store sales declined for the fourth straight quarter.
Elon Musk's X is collaborating with Visa to offer financial services for fund transfers and payments.
X Money is expected to launch in the first quarter of 2025.

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Story summary

The U.S. Federal Reserve plans to keep interest rates at 4.25%-4.5%, despite calls for reductions.
Starbucks exceeded earnings expectations, but same-store sales declined for the fourth straight quarter.
Elon Musk's X is collaborating with Visa to offer financial services for fund transfers and payments.
X Money is expected to launch in the first quarter of 2025.