Finance
Wall Street closed out its best week of the year, with interest rates expected to drop after the Federal Reserve meets next week. The three major stock market indexes, which measure how stocks perform, all rose on Friday. The S&P 500 increased 0.5 percent, just 0.7 percent below its record high in July. Meanwhile, the…
It’s starting to feel like fall, but everything is all green for equity markets (^DJI, ^IXIC, ^GSPC) as stocks close out the trading session with weekly gains. Market Domination Overtime hosts Julie Hyman and Josh Lipton recap the day’s market action as they look ahead to the Federal Reserve’s policy meeting next week. Sound Income…
Shares of Trump Media, the company behind Donald Trump’s social media platform, Truth Social, surged Friday after the former president said he had no plans to sell his stake, ending weeks of speculation and calming investor fears. “No, I’m not selling,” the former president told reporters. “I’m not leaving. I love it. I think it’s great.” …
New York CNN — Former President Donald Trump said Friday that he is not selling shares in his controversial social media company, an announcement that sent the stock prices skyrocketing. Trump and other insiders in Truth Social owner Trump Media & Technology Group will be free to sell shares as soon as next week when…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen as the gold standard in…
Hopes for a big rate cut from the Federal Reserve next week got suddenly revived, sending the Dow near an all-time high. Stock and bond traders ramped up bets on Friday that the Fed could slash interest rates by 50 basis points — or half a percentage point — after the Wall Street Journal reported…
Former US President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos Verdes, California, on September 13, 2024. Robyn Beck | Afp | Getty Images Shares of Trump Media shot up by more than 25% on Friday, minutes after majority owner Donald Trump…
Bringing Together Railway Experts to Foster Railway Development in Belt and Road Countries and Drive Rail Industry Forward HONG KONG, Sept. 13, 2024 /PRNewswire/ — MTR Corporation and the MTR Academy hosted the “Belt and Road Railway Forum” today (13 September 2024) to explore “How Public Transport Contributes to Building & Connecting Communities”. The Forum…
The Dow Jones Industrial Average showed underlying strength again in the stock market today. The blue-chip index added around 0.6% despite a 2% decline for Boeing (BA). Shares lagged after the Machinists union overwhelmingly voted to reject an offer from Boeing that included a 25% pay increase over the next four years. ↑ X NOW…
33,000 Boeing (BA) factory workers decided to go on strike last night after unions voted to reject the aircraft manufacturer’s proposed labor contract. As Adobe (ADBE) shares fall in pre-market trading on weaker-than-expected fourth quarter guidance, Oracle (ORCL) is on the rise, presenting a mixed picture in the overall AI landscape. Lastly, US stock futures…