A trader works on the floor of the New York Stock Exchange. NYSE Stocks rally as Federal Reserve keeps interest rates unchanged, providing optimism for the rest of the year After a challenging few months, the stock market made a comeback on Wednesday following the Federal Reserve’s decision to maintain its current interest rate. Investors …
Core inflation — which excludes volatile food and energy prices — dropped to 4.2% year-on-year in October from 4.5% in September. The euro zone economy contracted by 0.1% in the third quarter, according to flash estimates, below consensus estimates for GDP to be unchanged from the previous quarter. People look at the banking district skyline …
Yen Weakens as Bank of Japan Holds Rates and Increases Flexibility on Yield Curve Control The Japanese yen experienced a weakening after the Bank of Japan (BOJ) decided to keep interest rates stable and announced plans to introduce more flexibility into its yield curve control policy. According to the BOJ, the target level of the …
Check out the Companies Making Headlines in Midday Trading Here are the latest updates on the companies that are making waves in midday trading: SoFi Technologies Shares of SoFi Technologies have been see-sawing as traders analyze the company’s latest quarterly results. SoFi reported a massive revenue beat for the third quarter and raised its outlook …
Here’s our Club Mailbag email [email protected] — so you can send your questions directly to Jim Cramer and his team of analysts. Please note that we do not provide personal investing advice. We focus on answering more general questions about the investment process, stocks in the portfolio, or related industries. This week’s question: What’s a …
An Hour Ago Government Shutdown Looms as Republican Speaker Search Continues According to Michael Townsend, managing director of legislative and regulatory affairs at Charles Schwab, there is a possibility of a U.S. federal government shutdown next month. However, he believes that Wall Street would not be significantly impacted if it were to happen, as it …
Traders work on the floor of the New York Stock Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters Stocks rose on Tuesday as investors eagerly awaited a fresh batch of earnings reports and closely monitored the latest movements in Treasury yields. The Dow Jones Industrial Average gained 204 points, or 0.6%. The S&P 500 …
Bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images The price of bitcoin briefly exceeded $35,000, marking its highest level since May 2022. This surge was driven by positive sentiment regarding a bitcoin exchange-traded fund and a flight to safety that resulted in a spike in short liquidations. According to Coin Metrics, bitcoin …
Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York City. Spencer Platt | Getty Images Stock futures ticked higher on Monday morning as traders eagerly awaited the release of corporate earnings from tech industry giants. Futures tied to the Dow Jones Industrial Average rose 49 …
47 Mins Ago 30% of S&P 500 companies are set to report earnings this week Investors are eagerly anticipating the busiest week of earnings season, as 30% of companies in the S&P 500 are scheduled to report. Tech giants Alphabet and Microsoft are set to release earnings after the closing bell on Tuesday. Meta is …