00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A firm holding shares fell on Wednesday amid a broader market decline
00:05following the Federal Reserve's latest policy announcement, according to Benzinga.
00:09Fed cut its benchmark rate by 25 basis points to 3.75% to 4%,
00:14but signaled a division within the committee about further easing.
00:17Chair Jerome Powell comments that another December rate cut
00:20is not a foregone conclusion, unsettled investors.
00:23Elevated rates pose a challenge for a firm's buy-now-pay-later model,
00:26as higher borrowing costs, compressor margins, and slow consumer demand.
00:31Investors now await the company's quarterly earnings on November 6th.
00:34The Dow is projecting earnings of $0.41 per share on $884.02 million in revenue.
00:39Firm holding shares fell 3.64% to $73.15 on Wednesday, according to Benzinga Pro.
00:45For all things money, visit Benzinga.com.
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