Is the dragon slain? Or just wounded? Inflation has been the scourge of the economy for the last three years. It spiked from a benign 1.4% when President Biden took office in 2021 to a searing 9% some 18 months later. The Federal Reserve took aim with speedy interest rate hikes, and it seemed to…
Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to cut rates, and reiterated the strength of the US economy. Traders also digested wholesale inflation data, which was in line with expectations. Thanks for signing up! Access your favorite topics in a personalized…
Credit cards aren’t just about spending. They are also powerful tools that that, when used wisely, can help you save money, manage debt and even earn rewards. Whether you’re looking to cut down on interest payments, earn cashback on everyday purchases, rack up air miles for your next holiday, or avoid fees while traveling abroad,…
In This Story The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Alongside the stock rally, U.S. Treasury yields also increased, raising concerns among some analysts about market…
US stocks held onto gains as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump’s electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to a range of 4.5% to 4.75%. The S&P 500 (^GSPC) rose roughly…
(Reuters) – Chinese regulators have asked the country’s banks to lower the rates they pay to deposits from other financial institutions to free up funds to boost the economy, Bloomberg News reported on Thursday, citing people familiar with the matter. China’s interest rate self-disciplinary mechanism, a supervisory body overseen by the central bank, said banks…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dividend kings and dividend aristocrats get a lot of attention from investors and the media due to their prolific track record of delivering passive income. That said, there is an abundance of other stocks that can generate passive…
We recently compiled a list of the 10 Oversold Penny Stocks To Invest In Now. In this article, we are going to take a look at where Digital Turbine, Inc. (NASDAQ:APPS) stands against the other Oversold Penny Stock To Invest In Now. Penny stocks offer some of the best investment opportunities for risk-tolerant investors. While most double…
Aussies are only just a few months away from major changes in the electric vehicle (EV) market that could have a big impact on your finances. From April 1 next year, plug-in hybrid EVs (PHEVs) won’t be considered zero or low-emissions vehicles under the fringe benefits tax (FBT) law. This FBT exemption has only applied…
The presidential election has the potential to reshape the investment landscape. Detailed below is what Wall Street is saying about investing implications across multiple asset classes. This is the first in a five-part series about the impact both Trump and Harris presidencies could have on US consumers. Thanks for signing up! Access your favorite topics…