JACKSON, Wyo. — On Friday morning between 9 a.m. and noon, Teton County will conduct its first-ever live Wireless Emergency Alert (WEA) test. Teton County Emergency Management (TCEM) wrote in a press release that individuals within the county who have enabled WEA test alerts on their cell phones can expect to receive a test alert…
Editor’s note: On August 25th Donald Trump said that he had sacked Lisa Cook from the Federal Reserve’s board, alleging “deceitful and possibly criminal conduct in a financial matter”. Ms Cook said that the president had no authority to fire her and that she would not resign. A specialist trader works on the floor at…
US stock futures teetered around the flatline as investors counted down to Nvidia’s (NVDA) earnings report. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) fluttered up 0.1%. Stocks fell on Monday, pulling back from last week’s record-setting rally following Federal Reserve Chair Jerome…
US stocks ripped higher Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut during his speech at Jackson Hole — a dovish turn that lit a fire under speculative trades from meme stocks to crypto. “The baseline outlook and the shifting balance of risks may warrant adjusting our policy…
Wall Street closed lower on Thursday, pulled down by utilities and consumer stocks. Investors continued to grow further cautious, worried that Fed chair Jerome Powell might deliver hawkish comments on Friday that could fuel market volatility. Unexpectedly high initial jobless claims reported for the week also weighed on the markets. All three benchmark indexes closed…
Federal Reserve Chair Jerome Powell opened the door to a September rate cut on Friday, saying in a speech in Jackson Hole that “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” In a speech that touched both on the economic outlook and the Fed’s new policy framework, Powell…
US stocks soared on Friday as Federal Reserve Chair Jerome Powell opened the door to a September rate cut during his highly anticipated speech at Jackson Hole. The Dow Jones Industrial Average (^DJI) rose 800 points or 1.9% to close at a fresh record, while the S&P 500 (^GSPC) moved up about 1.5%, and the…
Investors holding their breath for a rate cut may soon get their wish. Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole this morning has sent stocks flying. Bulls who were hoping Powell would finally come around to the view of cutting interest rates in September were fed a hint. While Powell noted that…
By Shashwat Chauhan and Sanchayaita Roy (Reuters) -U.S. stock index futures edged higher on Friday, recovering slightly from the previous session’s losses as investors awaited Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for clues on the interest-rate path. At the Wyoming research conference last year, Powell had promised to lower rates…
MANILA, Philippines (AP) — Asian shares were mixed on Friday after Wall Street fell to a fifth straight loss, hurt by losses for Walmart and worries over coming cuts to interest rates. Traders remain cautious, looking for cues about U.S. monetary policy from a meeting of central bankers in Jackson Hole, Wyoming, where Federal Reserve…