Federal Reserve Chairman Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy on July 31, 2024 in Washington, USA. Kevin Mohatt | Reuters The Federal Reserve has forecast a further half-percentage point rate cut by the end of 2024, and the central bank […]
On September 18, the US Federal Reserve delivered what markets globally had been expecting – a significant rate cut after over four years. Emphasizing that the world’s largest economy was in good shape and inflation was on a downward trend, the US Federal Reserve cut the benchmark interest rate by 50 basis points, giving a […]
Every weekday, CNBC Investing Club with Jim Cramer publishes the Homestretch – an actionable afternoon update, just in time for the final hour of trading on Wall Street. Markets: The Federal Reserve cut the Fed’s overnight interest rate by 50 basis points on Wednesday afternoon, to a range between 4.75% and 5%. The Fed was […]
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 5, 2024. Michael M. Santiago | S&P 500 futures faltered on Friday as investors assessed a weaker-than-expected August jobs report and its implications for U.S. monetary policy. Futures linked to the broad market index were near the zero line, […]
Market volatility is unlikely to abate anytime soon. Data compiled by Trivariate Research shows that the S&P 500 has lost an average of 1.3% in September since 1929. The firm also noted that the benchmark’s overall volatility this month is among the four largest, with a standard deviation of 5.8%. August was also a choppy […]
Benzinga and Yahoo Finance LLC may earn commissions or revenue from some articles through the links below. Jennifer Lopez has officially filed for divorce from Ben Affleck, ending their Hollywood relationship after two years of marriage. The couple has also put their former home, a 3,500-square-foot mansion in Beverly Hills, up for sale. Now trending: […]
San Diego’s “naturally emerging affordable” housing causes rents to rise 80% in three years As county leaders seek to limit private equity firms’ purchase of real estate, a new report sheds light on the impact of one corporate landlord on housing costs in San Diego. The analysis, published by the Private Equity Stakeholder Project and […]
Richard Drury | Digital vision | After you put money into tax-free retirement accounts, you’ll eventually face mandatory withdrawals in retirement, known as required minimum distributions, or RMDs. Because RMDs can result in higher taxes, the withdrawals can be a hassle for some retirees who don’t need the money. But the annual activity could provide […]
A small oil company in California could show how the tech sector can use natural gas to meet rising energy demands driven by artificial intelligence while meeting climate goals. California Resources Corporation is an independent oil and gas company focused entirely on the Golden State, with a market capitalization of around $4.6 billion and proven […]
Stocks opened flat on Tuesday, but there’s a lot of drama going on beneath the surface. Considering that the last two weeks of August are some of the lightest trading days of the year, interest in the markets is very high. That’s because a very unusual rally is taking place right now. The S&P 500 […]
