It was a big disappointment for investors, but also unwelcome news for borrowers and prospective homebuyers waiting for lower interest costs. “Today was a closer call but we decided it was the right call,” Fed chair Jerome Powell said at a news conference after the central bank approved a quarter-point cut in its main lending…
The S&P 500 Index has given back more than half of its post-election rally as Friday’s selloff steepens, with sticky inflation and hawkish comments from the Federal Reserve weighing on sentiment. The broad equities benchmark was down 1.4 percent at midway through the session, putting it on track to lose 2.2 percent for the week,…
Celsius Holdings (NASDAQ:CELH) just took a massive hit, reporting a 31% plunge in Q3 revenue year-over-year, dropping to $265.7 million. The trouble? North American sales tanked, stealing the spotlight from an otherwise impressive 37% growth internationally. Investors weren’t pleasedthe stock nosedived 11% today, with many pointing to an aggressive inventory optimization move by Celsius’s main…