More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose…
Topline The probability of an interest rate cut next month doubled on Friday, after New York Federal Reserve President John Williams said he sees room for a reduction in the “near term,” raising prospects among investors as waning hopes have pulled down stocks in recent days. Other Federal Reserve officials have supported maintaining the current…
Ray Dalio thinks you shouldn’t give up on AI just yet, even if you’re worried that the market craze is a bubble waiting to burst. The billionaire investor and Bridgewater Associates founder said he believed stocks were definitely mired in a bubble today — but that’s still no reason for investors to get out of…
LONDON (AP) — The Bank of England kept its main interest rate unchanged at 4% on Thursday with a majority of policymakers indicating that they need more information on how swiftly inflation will fall back towards their target. The decision by the nine-member rate-setting body to maintain Bank Rate — a benchmark for mortgages as…
Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of “don’t fight the Fed” may prove to be prudent advice in the near term. When…
The longer the government shutdown drags on, the more people will feel its impacts—especially when it comes to healthcare and food assistance. Open Enrollment begins for Affordable Care Act Marketplace plans on Saturday, and the enhanced premium tax credits that subsidized health care costs for millions of Americans are set to expire at the end…
US stock futures are narrowly mixed this morning as investors brace for a widely anticipated interest rate cut from the Federal Reserve. Attention is turning to what Chair Jerome Powell signals about the path ahead. Uncertainty around delayed economic data and stubbornly steady Treasury yields is keeping the mood cautious, prompting many investors to weigh…
US stocks jumped to new record highs on Tuesday as investors fielded the latest rush of earnings and looked to the Federal Reserve meeting to confirm interest rate cuts are on the way. The Dow Jones Industrial Average (^DJI) rose 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) moved up around 0.8%, leading the way higher….
HELOC rates have been slowly falling all year. The average home equity line of credit interest rate is 7.75%, according to the analytics company Curinos. With the Federal Reserve poised to lower rates again in the coming week, HELOC rates may drop further. According to Curinos data, the average weekly HELOC rate is 7.75%, its…
Stocks and the price of gold fell Wednesday, as momentum on Wall Street reverses. The Standard & Poor’s 500 index sank 0.5%, though it’s still within 1% of its all-time high set this month. The Dow Jones industrial average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite…