Federal Reserve Chairman Jerome Powell speaks during a press conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | This report is from today’s CNBC Daily Open, our newsletter for international markets. CNBC Daily […]
As the U.S. stock market continues its upward trajectory, with the S&P 500 and Nasdaq Composite closing higher for the fourth consecutive day, investors are increasingly looking for opportunities in high-growth sectors. In this environment of recovery and optimism, stocks with significant insider ownership can offer a unique advantage, as they often indicate strong confidence […]
The U.S. Federal Reserve signaled on Wednesday that it would cut interest rates two more times this year after cutting its benchmark federal funds rate by 50 basis points to a range of 4.75 to 5.0 percent at the end of its meeting on Wednesday. Fed officials expect the benchmark interest rate to fall to […]
The U.S. Federal Reserve signaled on Wednesday that it would cut interest rates two more times this year after cutting its benchmark federal funds rate by 50 basis points to a range of 4.75 to 5.0 percent at the end of its meeting on Wednesday. Fed officials expect the benchmark interest rate to fall to […]
Real estate stocks could continue their rally if the Fed makes its first interest rate cut in four years, but the size of the rate cut is crucial, says a portfolio manager. “The market will react more positively to a larger cut and we could see a larger rise in real estate stocks than with […]
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, USA, September 9, 2024. Brendan McDermid | Reuters There were sell-offs on Wednesday as new U.S. inflation data dampened traders’ hopes of a sharp interest rate cut by the Federal Reserve later next week. The S&P500 was trading […]
US stocks sold off on Friday following a weak jobs report for August, but one economist predicts volatility will continue in the coming months. “I think we’re probably in an environment now where volatility is going to remain high,” said Michael Darda, chief economist and macro strategist at Roth Capital Partners, on Yahoo Finance’s “Stocks […]
Monthly revisions to the August jobs report showed that June and July jobs numbers were revised downward by a combined 86,000, but an economist told Yahoo Finance’s Morning Brief that the revisions do not necessarily indicate further weakness. “It just confirms the slowdown trend that we all recognized,” said Joe Brusuelas, chief economist at RSM. […]
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, […]
New data from ADP released on Thursday showed that the private sector added the fewest jobs in a month since January 2021, suggesting a slowdown in the labor market. ADP’s national employment report for August showed that 99,000 new jobs were created that month, well below economists’ estimates of 145,000 and below the 122,000 jobs […]
