Maria Aspin
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Podcast Appearances
Acid shares in Oracle, Larry Ellison's cloud computing company.
Ellison's family is also trying to buy Warner Brothers Discovery.
He ended the week billions of dollars poorer on paper, though he's still one of the wealthiest people in the world.
Maria Aspen, NPR News, New York.
The cut was widely expected, but unusually contested.
Two members of the Federal Reserve's Rate Setting Committee wanted to keep rates steady.
while a third member, appointed by President Trump on a temporary basis, voted for a deeper cut.
The Fed is trying to shore up a weakening job market, which it usually does by cutting rates.
But it's also trying to keep inflation under control, which it usually does by keeping rates higher.
Policymakers had to vote without seeing some of the latest jobs and inflation data, which was delayed by the six-week government shutdown.
Now Chair Jerome Powell says the Fed is ready to wait and see how the economy evolves.
Maria Aspin, NPR News, New York.
Paramount is taking on Netflix, which last week agreed to buy some of Warner Bros.
Paramount wants to control all of them and is offering Warner Bros.
shareholders a deal worth $108 billion.
Paramount is also controlled by Larry Ellison, one of the world's richest people, and his son David.
But they're not putting up all the cash themselves.
Instead, they've lined up money from the governments of Saudi Arabia, Abu Dhabi, and Qatar.
Another investor has ties to China, and another was founded by President Trump's son-in-law, Jared Kushner.