Benzinga | Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy. Yet, the central bank’s latest economic projections painted a…
March 19 – U.S. stock index futures gained some ground on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision. The central bank is expected to leave its benchmark overnight interest rate unchanged in the 4.25%-4.50% range, when it releases its policy statement at 2 p.m. ET (1800 GMT). Traders see about 60…
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
March 17 – U.S. stock index futures took a hit on Monday as Treasury Secretary Scott Bessent’s comments added to unease about an economic slowdown, while focus was on tariff-related signals from the Federal Reserve’s upcoming meeting. In a Sunday interview with NBC, Bessent warned that there are “no guarantees” the United States will escape…
Government shutdown averted: Senate advances funding bill Democrats helped the Senate advance the GOP spending bill with a vote of 62-38. U.S. stocks ended the day higher, with the blue-chip Dow clawing back 675 points, on optimism the government will stay open. Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill,…
Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. U.S. stocks mostly fell in early trading Tuesday, extending…
Hello! 🙋🏼♀️ I’m Nicole Fallert, and welcome to Tuesday’s Daily Briefing. Don’t fear the worm moon. In today’s news: American stocks take a major tumble The American stock market had its worst day of the year on Monday, when the tech-heavy Nasdaq and broad S&P 500 posted their biggest one-day drop since September 2022. Why? Investors…
Chris Kirkham | Reuters Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. Tesla’s stock has dropped by…
Want to comment on this story? Become a subscriber today. Click here. New York – The U.S. stock market is holding steadier on Wednesday, for now at least, following the sharp tumble that wiped out the last of the “Trump bump” it received following the presidential election in November. The S&P 500 was basically unchanged…
Report: 65% of middle class struggling financially In an Urban Institute poll commissioned by the National True Cost of Living Coalition, 65% of American families making at least $60k a year struggle financially Cheddar U.S. stocks opened slightly higher Wednesday with concerns about the effects of President Donald Trump’s tariffs on the broader economy squarely…