US stock futures rose as investors bet that an interest rate cut from the Federal Reserve could land sooner rather than later. Futures attached to the Dow Jones Industrial Average (YM=F) jumped 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. On Thursday, stocks climbed and…
President Trump’s top economist told Yahoo Finance that he doesn’t expect the aggregate tariff rate to fall materially below 10% and that the White House may extend the negotiating period for some countries engaging in trade talks. “My expectation would be that for countries that are negotiating in good faith and making progress, that rolling…
US stock futures edged up as President Trump talked up his search for a successor to Federal Reserve Chair Jerome Powell. Futures attached to the Dow Jones Industrial Average (YM=F), and the benchmark S&P 500 (ES=F) rose 0.%. While contracts on the tech-heavy Nasdaq 100 (NQ=F) gained 0.2%. The Wall Street Journal reported late Wednesday…
Nvidia (NVDA) shares rose more than 4% Wednesday to notch a new record high of $154.31, completing a remarkable turnaround from earlier this year. Nvidia shares previously hit a record close of $149.43 on Jan. 6. The stock’s gain also saw shares reach a fresh intraday high during Wednesday’s trading session. The AI chipmaker’s stock…
President Trump told reporters that he is actively considering replacements for Federal Reserve Chairman Jerome Powell, and that he is down to three or four candidates. “I know within 3 or 4 people who I’m going to pick,” he said Wednesday, without offering specific names. The consideration of Powell successors comes after a period of…
In remarks made on Capitol Hill early Tuesday, Federal Reserve Chair Jerome Powell brushed aside political criticism and reaffirmed the Fed’s commitment to its mission: delivering a strong and stable economy for the American people. When asked about recent name-calling and public pressure from political leaders, including accusations from President Trump of being “too late”…
The pressure is now on. From Canada to Japan, key trade deals are struggling to get over the finish line with just two weeks to go before President Trump’s tariff deadline. Trump managed to firmed up a trade deal with the United Kingdom last week, and its European Union neighbors are apparently pushing for a…
Defense contractor stocks may help protect your portfolio from a summer of geopolitical risks. “I think using an ETF like an Invesco Aerospace & Defense (PPA) that gets you broad exposure probably makes a lot of sense here, especially when you think about this reconciliation bill that’s coming out,” Innovator ETFs chief investment strategist Tim…
Wall Street is closely watching escalating tensions in the Middle East after President Trump confirmed that the US launched a surprise strike on Iran’s nuclear sites late Saturday, marking the country’s official entry into the two-week-old conflict. Markets have held mostly steady in the aftermath of the escalation, although US stock futures fell across the…
Stock futures are ticking slightly higher as investors digest fresh geopolitical news and continue to weigh the Federal Reserve’s latest stance on interest rates. President Trump’s announcement of a two-week pause on potential military action against Iran has brought some relief to markets. Brent crude has pulled back to around $77 per barrel as the…