When either Donald Trump or Kamala Harris takes power in 2025, they will have a significant effect on your financial life for years to come. Are you most focused on your finances in retirement? Best to look at what each side might do when it comes to things like Social Security and drug costs. More
Investors solidified bets on how deeply the Federal Reserve will cut interest rates this year after Fed Chair Jerome Powell said Friday the “time has come for policy to adjust.” Powell noted the timing and pace of cuts will “depend on incoming data,” but markets quickly moved to fully price in four rate cuts of
Netflix stock just hit an all-time high. On Tuesday, shares of the streaming giant soared past their 2021 record intraday high of $701 to trade around $710. The moves come as investors applaud the company’s foray into live sports while its ad-supported tier continues to gain traction, with the company revealing in a blog post
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Last week’s market volatility is showing some signs of leveling out. But the sudden and severe moves in financial markets that had investors reeling on a Sunday night in August left many experts
With the potential for the Federal Reserve to cut interest rates as soon as this September, there may be added hurdles for investment banking to keep profitability high even after several banks reported positive second quarter results. CFRA director of equity research Ken Leon joins Market Domination to discuss the state of investment banking and
Regulators slapped Citigroup (C) with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management, a setback for CEO Jane Fraser as she tries to turn around the giant New York bank. The Federal Reserve and the Office of the Comptroller of the Currency announced the action late Wednesday, just
(Bloomberg) — The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Most Read from Bloomberg Economists expect no change in the May personal consumption expenditures price index and a minimal
By Trixie Yap and Yuka Obayashi (Reuters) -Oil prices traded lower on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve’s policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand. Brent crude futures fell
(Bloomberg) — The stock market headed toward its highest level in a month, adding to a rebound that’s been fueled by speculation the Federal Reserve will cut interest rates this year. Most Read from Bloomberg Equities rose as higher-than-estimated in jobless claims reinforced bets on Fed policy easing, with the market also climbing after a
By Sruthi Shankar and Shristi Achar A (Reuters) -U.S. stock indexes extended last week’s gains on Monday as investors saw a greater chance of the Federal Reserve cutting interest rates this year following softer-than-expected payrolls data on Friday. The benchmark S&P 500 and the tech-heavy Nasdaq were trading at three-week highs after data on Friday