Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on deposit account rates, which means now could be your last chance to lock in today’s high rates with a certificate of deposit (CD). Here’s a look at…
Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell’s crucial Jackson Hole speech. The Producer Price Index (PPI) for July showed inflation for businesses rose 0.9% over the prior month, well ahead of the…
CoreWeave (CRWV) was teed up to let down investors last night. And it did on several fronts. First, the company’s net loss was much higher than consensus. Second, capital expenditures were a whopping $1 billion higher sequentially. And third, capex may climb another $500 million in the current quarter. While I appreciate the company’s revenue…
US stock futures wavered amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data. 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) hovered around the flatline. In day trading, stocks roared after the…
By Nikhil Sharma and Pranav Kashyap (Reuters) -S&P 500 and Dow futures climbed on Wednesday, as investors assessed a fresh round of corporate earnings, while renewed optimism that the Federal Reserve will soon deliver long-awaited interest rate cuts kept markets buoyant. At 6:59 a.m. ET, S&P 500 E-minis were up 14.25 points, or 0.23%, Nasdaq…
The Federal Reserve won a legal victory Monday when a federal judge denied a request for a temporary restraining order compelling the central bank’s Federal Open Market Committee (FOMC) to open its rate deliberations to the public starting Tuesday and Wednesday. The request came as part of a lawsuit filed by money manager Azoria Capital…
When juggling the responsibilities of life as a single parent, it can be easy to slide into debt. Sarah, for example, recently turned 50, is a single parent of two and has $80,000 in debt total. She owes $55,000 on her credit cards and an additional $25,000 that she missed paying on taxes, not including…
A slow summer for markets this is not. Traders entered Wednesday’s session digesting more President Trump tariff chaos that has sent copper prices ripping higher. This is in addition to fresh uncertainty on the future of the Federal Reserve. Some 10 minutes into the opening bell on Wall Street, however, investors shook it off to…
President Trump announced a trade deal with Vietnam, lifting investor sentiment that more agreements could come before the July 9 tariff-pause deadline. “The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,” Trump wrote on social…
The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…