Finance
The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary rollercoaster will start with the Federal Reserve’s probable decision to cut interest rates on Wednesday, and finish on Friday with the outcome…
Hotter-than-expected readings on consumer prices — and on some wholesale prices — this week led markets to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. But a confluence of events later in the week once again revived bets of a…
Palantir (NYSE: PLTR) has emerged as one of the stock market’s artificial intelligence (AI) darlings. The tech company is known for its complex data analytics platforms. It got its start in the aftermath of 9/11 by providing software to federal intelligence agencies that helped them sift through mountains of data and make connections that could…
CNN — Former President Donald Trump lashed out at Nasdaq over a routine trading halt in shares of his social media company and even threatened to move the listing to the New York Stock Exchange. “Why is NASDAQ halting the sale of DJT?” Trump said Friday on Truth Social, referring to the ticker symbol of…
One of the most important dates in modern history is Nov. 30, 2022 — the day that OpenAI released ChatGPT to the public. It didn’t take long for people all over the world to become totally enamored by the potential of generative artificial intelligence (AI). Perhaps no company has benefited as much from the AI…
The paper fortune that former President Donald Trump amassed by taking a nascent media startup public is shriveling, and a race to the exits that begins as soon as Sept. 19 could shrink it even more. Trump Media & Technology Group Corp., which owns the X-lookalike social media platform Truth Social, has shed nearly $6…
Former President Donald Trump said he may consider moving his media company’s stock listing after it was briefly halted on the Nasdaq stock exchange. In a post to Truth Social on Friday, the former president complained about shares of Trump Media & Technology Group, which uses the ticker DJT, being halted by Nasdaq, writing that…
Big data software stock Palantir (NYSE: PLTR) is having a moment today. Revenue is accelerating, profitability has flipped to the positive — somewhat of a rarity for a software stock — and the artificial intelligence revolution appears to be reinvigorating demand in its platforms. Founded in 2003, Palantir began assisting the U.S. military and intelligence…
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…