Finance
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…
My top 10 things to watch Friday, Sept. 13 1. The S & P 500 is trying close out the second week of September trading with its fifth straight positive session. What a difference a week makes. The index has now erased almost all of last week’s bruising losses. At our September Monthly Meeting for…
(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A biotech stock and an energy company were among the names being talked about by analysts on Friday. JPMorgan downgraded Moderna to underweight from neutral. Meanwhile, BMO Capital Markets initiated GE…
Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting. The numbers did little to belie expectations of a cut at next week’s meeting, although they did pour cold water on a bigger cut. The major…
US stock futures edged higher on Friday, setting the stage for strong weekly wins after Wall Street’s expectations for a jumbo interest-rate cut by the Federal Reserve shot up overnight. S&P 500 futures (ES=F) moved up 0.2%, while Nasdaq 100 futures (NQ=F) added 0.1% to point to a fifth day of gains for both gauges…
aluxum/E+ via Getty Images Stock index futures were in the green on Friday, as discussions on rate cuts take the spotlight, ahead of the Federal Reserve meeting next week. S&P 500 futures (SPX) +0.2%, Nasdaq 100 futures (US100:IND) +0.1% and Dow futures (INDU) +0.2%. The 10-year Treasury yield (US10Y) was down 2 basis points to…