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Powell speech: Rate hike does not appear to be a likely outcome next year
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 25 basis points to the range of 4.25%-4.5% after the December meeting and responds to questions in the post-meeting press conference.Fxstreet
Dec 19, 2024
Walt Disney top pick at Morgan Stanley, experiences segment to drive growth
Investing.com -- Morgan Stanley said Walt Disney Company (NYSE:DIS) was its top pick, as it expects theme parks and cruise business to drive growth in the coming years, supported by scaled investments and improving margins.
Investing.com
Dec 19, 2024
Evercore sees upside for Target, Best Buy on holiday shopping trends
Investing.com -- Evercore ISI initiated positive tactical calls on Target Corporation (NYSE:TGT) and Best Buy Co Inc (NYSE:BBY) on improved holiday shopping trends and favourable spending intentions in key categories.Investing.com
Dec 19, 2024
Why Major Cryptocurrencies Wilted on Wednesday
On Wednesday, there was a distinct stumbling-near-the-finish-line quality to the crypto market. Although the Federal Reserve's rate cut announced that day was welcome, if expected, speculation about future slices wasn't as encouraging. As a result, many investors retreated from the asset class.
Fed's hawkish surprise ahead of the holidays puts January pause in spotlight
Investing.com -- The Federal Reserve delivered a hawkish present to markets at its December meeting ahead of the holidays as the widely expected rate cut in December was served up with forward guidance that caught markets by surprise.Investing.com
Dec 19, 2024
The S&P 500 Recently Hit Another Record High. Should You Wait Until the New Year to Invest in It?
After declining by over 18% in 2022, the S&P 500 has been on a roll for the past two years. In 2023, the U.S. stock market's most important index gained over 24%, and so far in 2024 it has gained over 26%.The Motley Fool
Dec 18, 2024
History Says the Nasdaq May Soar in 2025: 1 Stock-Split AI Stock to Buy Ahead of the New Year
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has advanced 34% year to date, and history says that momentum may carry into 2025. Since its inception in 1971, the Nasdaq has returned atThe Motley Fool
Dec 18, 2024
US stock markets are crashing as Bitcoin breaks $108k
The U.S. stock markets are in shambles, while Bitcoin is flying past $108,000, rewriting the rules of the financial game. The S&P 500 has now set a record for failure, dropping for 12 straight days—the longest losing streak in its entire history. The Dow Jones isn’t doing much better, limping into aCryptopolitan
Dec 18, 2024
ECB’s Wunsch: Four more rate cuts is a meaningful scenario that I feel relatively comfortable with
European Central Bank (ECB) policymaker Pierre Wunsch said on Wednesday that “four more rate cuts is a meaningful scenario that I feel relatively comfortable with.” Additional quotes Impact of tariffs depends on reaction in the exchange rate.Fxstreet
Dec 18, 2024
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SpaceX Negotiates Multi-Billion Dollar Computing Power Deal With Pentagon: Stock Price Drop Does Not Change Wall Street’s Bullish Expectations
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