Investors went for a wild ride Nov. 20 as the U.S. stock market dramatically fluctuated throughout the day. Nvidia reported strong earnings Nov. 19, offering investors a boost of confidence and temporarily calming concerns of an AI bubble. However, according to CNN Business, the relief was short lived, with stocks taking a dive in the…
A delayed jobs report showed U.S. employers added 119,000 jobs in September, surpassing expectations, but downward revisions for the prior two months and an upward tick in unemployment tempered economists’ outlooks. The Bureau of Labor Statistics report, delayed more than a month due to the federal government shutdown, showed job growth was concentrated in private education…
President Donald Trump has floated the idea of sending $2,000 tariff dividend checks to Americans. Will it happen? You can place your bets. Bettors on prediction betting sites such as Polymarket and Kalshi seem to be skeptical. President Trump recently suggested the possibility of checks from tariff revenue. “A dividend of at least $2000 a…
Tuesday, Nov. 11 marks the annual Veterans Day holiday and while banks and post offices will be closed on the day, restaurants, grocery stores and retail chains will largely remain open. Some restaurants are even offering deals and discounts for veterans to celebrate. The celebration of Veterans Day, a federal holiday, dates back to Nov….
Tesla CEO Elon Musk scored a resounding victory on Thursday, Nov. 6 as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut. Shares of Tesla rose about 1% in after-hours trading. The proposal was approved with over 75% support. Musk took to…
Federal Reserve Chair Jerome Powell poured cold water on hopes for a holiday rate cut, dialing back expectations as the labor market cools and inflation persists. Powell said a December cut is far from guaranteed. Even as the central bank on Oct. 29 trimmed its benchmark federal funds rate to a range of 3.75% to…