What Federal Reserve Chair Jerome Powell says about the path of monetary easing next week will be critical to a stock market that’s been insistent on interest rate cuts. The Fed meeting next week is a critical one. Investors are certain the central bank will have to cut rates for the first time since December…
One Wall Street strategist is wary of the near-term market outlook, even as the consensus grows more optimistic. JPMorgan equity strategist Dubravko Lakos-Bujas is worried the S & P 500 could suffer a near term pullback of roughly 5% to 8%, equal to the benchmark index slumping as low as 6,200 or 6,000, respectively, and…
Goldman Sachs recommends gold mining stocks as one of its top trades heading into the final quarter of the year, with the investment bank expecting the precious metal will continue to rally. Spot gold has already soared 38% this year, rising above $3,600 per ounce. Goldman expects prices will rise another 14% through 2026 due…
Piotr Swat | SOPA Images | Lightrocket | Getty Images Robinhood shares surged after S&P Global said it would add the online brokerage to the S&P 500, ending months of speculation about its inclusion. Shares jumped more than 14% in midday trading on Monday. If that holds through the closing bell, Monday would mark the…
Wall Street will have to contend with the fallout from the latest jobs data next week, with investors keeping an eye on troubling signals in the bond market. Inflation data is also on deck. Stocks vacillated Friday, with the major averages falling during midday trading after making a move to all-time highs earlier in the…
Stephen Miran, currently the Chair of the Council of Economic Advisors, testifies before the Senate Banking, Housing and Urban Affairs Committee in Washington, D.C., on Sept. 4, 2025. Win Mcnamee | Getty Images News | Getty Images Stephen Miran will take an unpaid leave of absence as the chair of the Council of Economic Advisors at the…
Romain Costaseca | Afp | Getty Images Bitcoin edged higher on Tuesday as stocks fell and gold shot to a new record. The price of so-called digital gold rose as much as 2% to reclaim the $111,000 level after dropping over the weekend to a low last seen in July. Spot gold hovered around $3,500…
The August jobs report next week will be a key hurdle for a stock market that’s at all-time highs heading into what’s historically the worst month for equities. The question of Federal Reserve independence will also add to near term challenges. When it comes to monetary policy, the stakes are high for nonfarm payrolls. As far…
Tight end Travis Kelce, #87 of the Kansas City Chiefs, celebrates with Taylor Swift after the AFC championship football game against the Buffalo Bills, at GEHA Field at Arrowhead Stadium in Kansas City, Missouri, on Jan. 26, 2025. Brooke Sutton | Getty Images Sport | Getty Images Taylor Swift‘s engagement announcement on Tuesday sparked the…
U.S. President Donald Trump signs the sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” at the White House in Washington, D.C., U.S., July 4, 2025. Ken Cedeno | Reuters Roth individual retirement account conversions have become a popular way for investors to reduce lifetime taxes. But for some high earners,…