U.S. Steel has been acquired. That raises the inevitable question: Who gets the X? The deal, which makes the American company part of Nippon Steel, has closed, the companies confirmed Wednesday. The merger is significant for plenty of reasons, among them the protracted “will it happen or won’t it” soap opera that culminated in President…
Stocks bounced around and briefly dropped into the red as Federal Reserve Chair Jerome Powell said the economy is in a “solid position,” but highlighted the difficulty of forecasting the impact of tariffs. The Dow was flat after rising as much 200 points during Powell’s remarks and then dropping as low as 50 points. The…
Live Updates Live Coverage Updates appear automatically as they are published. Housing Market Teetering 10:20 am by Gerelyn Terzo Cracks are increasingly beginning to show in the U.S. housing market. New home construction activity tumbled last month, with housing starts plummeting by nearly 10% to their lowest level in five years. New home construction declined by…
Hard economic data is pouring rain on the market’s march back to record levels. Numbers out Tuesday showed retail sales declined 0.9% in May , more than the expected 0.6% slide. Data released Wednesday didn’t help either. Housing starts fell to an annual rate of 1.265 million in May, well below a Dow Jones estimate…
June 18 – U.S. stocks rose on Wednesday, as investors kept a close eye on the Federal Reserve’s upcoming rate decision and shifting signals from the Middle East. The Dow Jones Industrial Average gained about 258 points, or 0.6%. The S&P 500 advanced roughly 0.5%, while the Nasdaq Composite climbed 0.6%. Oil prices slipped more…
The stock market often closes on federal holidays, but not all. So some people who trade stocks and bonds may not be aware of which holidays it observes. That’s especially true for Juneteenth being a newer holiday and some states, like New Jersey, celebrating on days other than June 19. If you’re hoping to trade…
The Club’s 10 things to watch Wednesday, June 18 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst 1. We’re on pace for a slightly higher open this morning as investors monitor the latest in the Israel-Iran conflict and gear up for Fed Chair Jerome Powell’s post-meeting press conference this afternoon….
The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…
June 18, 2025 Jim Allworth Investment StrategistRBC Dominion Securities Key points Markets have largely recovered from their February-April swoon, leaving investors to contend with elevated valuations amidst policy and geopolitical uncertainty. Consensus earnings estimates for this year and next are robust enough to support those valuations as long as trade uncertainty doesn’t bring the prospect…
U.S. oil prices hovered near a five-month high on Wednesday as President Donald Trump weighed direct involvement in support of Israeli strikes on Iran, making it all but certain that gasoline prices would rise for Americans within days, industry analysts told ABC News. The U.S. West Texas Intermediate futures price — a key measure of…