A day after Thursday’s anxiety-inducing fake out, Friday turned into Redemption Day on Wall Street. The Dow ended the day 493 points higher, or 1.08%, after gaining as much as 800 points earlier in the day. The broader S&P 500 finished out the day 0.98% higher and the Nasdaq was up by 0.88%. The earlier […]
Crypto’s having a terrible, horrible, no good, very bad month, and it could get worse before it gets better, experts said. Cryptocurrencies have cratered this month, losing more than $1 trillion in value in recent weeks. Bitcoin’s dropped to the lowest level since April and is on track for its worst month since 2022. It’s […]
Odds for another interest rate cut jumped Friday after New York Fed president John Williams signaled he could support a cut when the central bank meets in December. “I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy […]
US stocks climbed on Friday to close a turbulent session in the green amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies. The tech-heavy Nasdaq Composite (^IXIC) and benchmark S&P 500 (^GSPC) closed the day up right around 0.9% and 1%, respectively, after seesawing […]
A stronger-than-expected — albeit stale — September jobs report is muddying the picture of whether a split Federal Reserve will cut or hold interest rates steady at its next policy meeting. Experts and markets are divided. “They will not cut rates,” Wilmer Stith, bond portfolio manager for Wilmington Trust, said Thursday. While payroll growth was […]
The gap between those who can and those who cannot afford everyday essentials is widening, according to Walmart (WMT). “The disparity between the low-income cohort and the upper-income cohort has grown a little bit in recent months,” Walmart CFO John David Rainey said on Yahoo Finance’s Market Catalysts. “If you look at October wage growth […]
Fed officials are divided over whether to cut interest rates again in December, according to minutes from the central bank’s last policy meeting. “In discussing the near-term course of monetary policy, participants expressed strongly differing views about what policy decision would most likely be appropriate at the Committee’s December meeting,” the minutes read. While “most” […]
After a six-week delay due to the US government shutdown, the Bureau of Labor Statistics will release the September jobs report at 8:30 a.m. ET Thursday. Wall Street economists expect the report to show modest job gains of around 50,000 positions, according to data from Bloomberg. The report was initially scheduled for release on Oct. […]
US stock futures inched lower Wednesday morning after another tech-led selloff ahead of a closely watched earnings update from Nvidia (NVDA) that will set the tone for the next leg of the AI trade. Dow Jones Industrial Average futures (YM=F) inched down about 0.1%, while contracts tied to the S&P 500 (ES=F) fell 0.2%. Nasdaq […]
Europe needs to take much more decisive action to slash reliance on Chinese rare earths to avert worse supply disruptions, according to a German magnet maker that’s just started a plant in the US. Vacuumschmelze GmbH’s new facility in South Carolina is among the first to reach production in a planned wave of rare-earth magnet […]
US stock futures steadied Monday night as Wall Street looked to regain its footing following a tech-led slide ahead of a pivotal earnings report from Nvidia, and the release of government shutdown-delayed labor data later in the week. Futures tied to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the Nasdaq 100 […]
Bitcoin (BTC-USD) remained under pressure on Monday, falling below $92,000 and bringing its losses from record highs in October to more than 26%. The drop is prompting questions about whether this remains a temporary correction or the beginning of another four-year cycle that led to a longer-term sell-off. The token has declined sharply since $19 […]
